METTAWA, Ill., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation, (NYSE: BC), the world’s leading marine technology company, is announcing the following changes to its organization that are aimed at further broadening the experience of its senior leadership team.  Aine Denari is named Executive Vice President and President, Navico Group, and Brunswick Chief Technology Officer.  Denari was previously President, Brunswick Boat Group, a role she assumed in October 2020.  During her tenure, Boat Group ac ...

Thomas BarwickInvestment summary My previous investment thought for Brunswick Corporation (NYSE:BC) (published on 14th May) was a sell rating because I believed the business would miss its FY24 EPS guidance, which will cause valuation to derate sharply. I am shifting my rating from sell to hold as I am very uncertain about how the demand environment will be in the near term. 2Q24 results update Released on the last week of July (25th), 2Q24 result was a disaster. Total sales fell by 15% to $1.44 billion ...

Brunswick Corporation (NYSE:BC) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Neha Clark - Senior Vice President, Enterprise Finance Dave Foulkes - Chief Executive Officer Ryan Gwillim - Chief Financial Officer Conference Call Participants Fred Wightman - Wolfe Research Michael Swartz - Truist Securities Matthew Boss - JPMorgan Megan Alexander - Morgan Stanley Investment Managers Xian Siew - BNP Paribas Asset Management Craig Kennison - Baird Operator Good morning, and welc ...

| --- | --- | |-------------------------------|-------| | | | | | | | Q2 2024 Earnings | | | Conference Call JULY 25, 2024 | | BRUNSWICK CORPORATION – EARNINGS RELEASE Forward-Looking Statements Certain statements in this presentation are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and projections about Brunswick's business and by their nature address matters that are, to different deg ...

Core Insights - Brunswick reported revenue of $1.44 billion for the quarter ended June 2024, a decrease of 15.2% year-over-year, and EPS of $1.80, down from $2.35 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.55 billion by 6.90%, and the EPS also missed the consensus estimate of $1.90 by 5.26% [1] Financial Performance Metrics - Net Sales- Propulsion: $558 million, down 20.7% year-over-year, compared to the average estimate of $642.66 million [2] - Net Sales- Engine Parts & Accessories: $336.10 million, slightly above the average estimate of $332.42 million [2] - Net Sales- Boat: $434.20 million, a decline of 22.6% year-over-year, versus the average estimate of $462.83 million [2] - Net Sales- Segment Eliminations: -$94.50 million, better than the average estimate of -$107.13 million, representing a year-over-year change of -20.3% [2] - Net Sales- Navico Group: $210.10 million, below the average estimate of $221.97 million [2] - Operating Earnings (Loss) As Adjusted- Propulsion: $86.70 million, compared to the average estimate of $91.96 million [2] - Operating Earnings (Loss) As Adjusted- Engine Parts & Accessories: $75.80 million, exceeding the average estimate of $69.31 million [2] - Operating Earnings (Loss) As Adjusted- Navico Group: $15.60 million, below the average estimate of $20.54 million [2] - Operating Earnings (Loss) As Adjusted- Corporate/Other: -$24.40 million, better than the average estimate of -$34.26 million [2] - Operating Earnings (Loss) As Adjusted- Boat: $27.10 million, significantly lower than the average estimate of $42.98 million [2] Stock Performance - Brunswick shares have returned +3.1% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045 Telephone 847.735.4700 News Release Q2 2024 | --- | --- | |----------|-------------------------------------------------------------------| | | | | Release: | IMMEDIATE | | Contact: | Neha Clark | | | Senior Vice President Enterprise Finance | | Phone: | 847-735-4001 | | Contact: | Lee Gordon | | | Vice President - Brunswick Global Communications & Public Affairs | | Phone: | 847-735-4003 | | Email: | lee.gordon@brunswick.com | Bru ...

Core Viewpoint - Brunswick Corporation has released its second quarter 2024 financial results, highlighting its position as a leader in marine recreation and innovation [1][3]. Financial Results - The complete financial results press release is available on the Company's website and will also be filed with the SEC [1]. - A conference call to discuss these results is scheduled for April 25, 2024, at 10 a.m. CDT [1]. Company Overview - Brunswick Corporation is recognized as the global leader in marine recreation, offering technology-driven solutions and a diverse portfolio of over 60 industry-leading brands [3]. - The company operates in 25 countries with a workforce of 17,000 employees and has received accolades such as being named one of the World's Best Employers by Forbes [3].

Core Viewpoint - Brunswick Corporation has released its second quarter 2024 financial results, indicating ongoing performance and strategic initiatives in the marine recreation industry [1]. Financial Results - The complete financial results press release is available on the Company's website and will also be filed with the SEC [1]. Conference Call Details - A conference call is scheduled for April 25, 2024, at 10 a.m. CDT, hosted by key executives including the CEO and CFO [1][2]. - Participants can join via telephone or listen online, with a replay available until August 1, 2024 [2]. Company Overview - Brunswick Corporation is a global leader in marine recreation, focusing on innovation and technology-driven solutions [3]. - The Company operates over 60 industry-leading brands, including Mercury Marine and Boston Whaler, and has a workforce of 17,000 employees across 25 countries [3]. - In 2023, Brunswick was recognized by Forbes and Newsweek for its employer reputation and corporate responsibility [3].

Core Insights - HEALWELL AI's subsidiary VeroSource has launched a new Patient Summary feature in the MyHealthNB mobile app, enabling users to create and share their medical information securely [3][4] - This initiative, in partnership with Canada Health Infoway and the Government of New Brunswick, marks the first patient-mediated Patient Summary in North America, aimed at enhancing patient empowerment and healthcare interactions [4][6] - The Patient Summary feature allows New Brunswick residents to access approximately 12 months of health records, including immunizations, lab results, and medications, facilitating better healthcare access, especially for those without a family doctor [6][5] Company Overview - HEALWELL AI is a healthcare technology company focused on AI and data science for preventative care, aiming to improve healthcare outcomes through early disease detection [8] - The company is publicly traded on the Toronto Stock Exchange under the symbol "AIDX" and on the OTC Exchange under the symbol "HWAIF" [8] - HEALWELL's mission includes developing advanced clinical decision support systems to help healthcare providers improve efficiency and patient health outcomes [8]

Core Insights - Brunswick Corporation has been recognized on TIME's inaugural list of America's Best Midsize Companies for 2024, ranking No. 1 in the Engineering and Manufacturing category and 27th overall among 500 companies [1][2] - The recognition highlights Brunswick's strong performance in employee satisfaction, revenue growth, and sustainability transparency [1] - The selection process evaluated companies based on over 15 criteria, with revenue ranging from $100 million to $10 billion in 2022 and 2023 [1] Awards and Recognition - Brunswick has received multiple recent awards, including Newsweek's America's Greatest Workplaces, Forbes' America's Best Large Employers 2024, and Newsweek's Greatest Workplaces for Diversity and Mental Wellbeing [2] - The company has been consistently recognized for its exceptional workplace experience and commitment to employee culture [2] Company Overview - Brunswick Corporation is a global leader in marine recreation, focusing on innovation and technology-driven solutions [3] - The company operates over 60 industry-leading brands, including Mercury Marine, Boston Whaler, and Sea Ray, and has a diverse portfolio that extends beyond the marine industry [3] - Headquartered in Mettawa, IL, Brunswick employs more than 17,000 people across 25 countries and has received accolades such as Forbes' World's Best Employer and America's Most Responsible Companies by Newsweek for four consecutive years [3]