The company expects revenues of around $1.7 billion (vs. consensus of $1.84 billion) and adjusted EPS of $2.30-$2.35 (vs. consensus $2.68).

Brunswick now expects FY23 adjusted EPS of approximately $9.50 (vs. $9.50-$11.00 earlier) compared to consensus of $10.26.

Dave Foulkes, CEO, said, "As we look to the balance of the year, we see opportunity to recover some of the losses but the lost production of high horsepower outboard engines will be difficult to compensate because we plan to be in full production for the balance of the year with limited ability to overdrive."

"For the full year, while we see some positive signals, with stronger than expected new boat retail in the recent months and continued high Mercury retail market share, the impact of the IT security incident combined with anticipated continued pressure on consumers globally, lead us to be cautious regarding second-half financial performance."

Price Action: BC shares are down 4.94% at $81.00 premarket on the last check Wednesday.