Earnings release
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BRUNSWICK Brunswick Corporation 26125 N. Riverwoods Blvd. , Suite 500 , Mettawa , IL 60045 Telephone 847.735.4700 News Release Release : IMMEDIATE Contact : Brent Dahl Vice President - Investor Relations Phone : 847-735-4039 Contact : Lee Gordon Phone : Email : Vice President - Brunswick Global Communications & Public Relations 847-735-4003 lee.gordon@brunswick.com Brunswick Reports First Quarter Results Continued Strong Demand and Outstanding Operating Performance Drive Record Results First Quarter GAAP Diluted EPS of $ 2.15 and As Adjusted Diluted EPS of $ 2.24 Increasing 2021 Guidance : Adjusted Diluted EPS Range of $ 7.30 - $ 7.60 ; Free Cash Flow in excess of $ 425M METTAWA , III . , April 29 , 2021 the first quarter of 2021 : First Quarter 2021 Highlights : -- Brunswick Corporation ( NYSE : BC ) today reported results for Q1 2021 $ millions ( except per share data ) GAAP Incr As Adjusted Incr Net Sales $ 1,433.2 48.4 % $ 1,433.2 48.4 % Operating Earnings $ 231.9 124.7 % $ 243.0 116.0 % Operating Margin 16.2 % 550 bps 17.0 % 530 bps Diluted EPS $ 2.15 $ 2.24 bps basis points " Our businesses had a fantastic start to 2021 , with a very healthy marine market , strong boating participation , and outstanding operating performance driving historic financial results , " said Brunswick Chief Executive Officer David Foulkes . " Robust retail demand for our products continues to drive low field inventory levels , with increased production across all our facilities necessary to ( more )