By Katherine Hamilton

Brunswick expects new tariffs to cost $100 million in 2025.

The marine products company, which owns Quicksilver and Boston Whaler, has already assumed a tariff burden this year of about $30 million and expects another $70 million by year-end, Chief Executive David Foulkes said at an investor conference Tuesday.

On Tuesday, the U.S. implemented 25% duties on Mexican and Canadian imports, and doubled tariffs on Chinese goods to 20%. Taxes on aluminum and steel are expected later this month.

The anticipated tariff burden on Brunswick is equivalent to 70 cents a share, Foulkes said. The estimate includes some mitigation actions the company has already taken, such as prepositioning inventory.

There is more the company can do, Foulkes said, but it hasn't made moves yet because it was unclear whether the tariffs would go into effect. A lot of Brunswick's products are dual-sourced, so it can move products to be sourced from different countries, he said.

"We would obviously try and further mitigate that number," Foulkes said, adding that he considers the $100 million a worst case scenario.

Brunswick said in January it expected adjusted earnings per share of $3.50 to $5 in 2025, anticipating some of the tariffs that are now in effect. Analysts polled by FactSet expect $4.14 a share.

It guided for full-year revenue of $5.2 billion to $5.6 billion, compared with $5.24 billion in 2024. Analysts expect $5.31 billion.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 04, 2025 11:04 ET (16:04 GMT)

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