METTAWA, Ill., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Entering 2024, Brunswick Corporation (NYSE:BC), continued its rapid cadence of new product launches, debuting 15 exciting new products from across its award-winning brands at major global trade shows in just the first few weeks of the year.   Mercury Marine introduced the most powerful Avator electric outboard models yet, the 75e and 110e, which made their global debuts at the 2024 Consumer Electronics Show (CES) and featured in regional launches at both the ...

METTAWA, Ill., Jan. 15, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC) will release its fourth quarter and full year 2023 financial results on Thursday, February 1, 2024 before the market opens by way of an advisory release, notifying the public that the complete and full-text results will be available on the Company's website at https://ir.brunswick.com.  The results will also be available on the SEC's website with the Form 8-K filing of the release at http://goo.gl/wJQN1.  The Company will hold ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-01043 ____________ Brunswick Corporation | --- | --- | |----------------------------------------------------------------|----------------- ...

Brunswick Corporation (NYSE:BC) Q3 2023 Earnings Conference Call October 26, 2023 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 Megan Alexander – Morgan Stanley James Hardiman – Citi Xian Siew – BNB Paribas Craig Kennison – Baird Jaime Katz – Morningstar Joe Altobello – Raymond James Scott Stember – ROTH MKM Mike Swartz – Truist Securities Matthew Boss – JPMorga ...

Q3 2023 Earnings Conference Call BRUNSWICK CORPORATION –EARNINGS RELEASE Forward-Looking Statements Certainstatementsinthispresentationareforward-lookingstatementsasdefinedinthePrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementsarebasedoncurrentexpectations, estimates, and projections about Brunswick’s business and by their nature address matters that are, to different degrees, uncertain. Words such as “may,” “could,” “should,” “expect,” "anticipate," "project," "position," “intend,” “targe ...

Q2 2023 Earnings Conference Call BRUNSWICK CORPORATION –EARNINGS RELEASE Forward-Looking Statements Certainstatementsinthispresentationareforward-lookingstatementsasdefinedinthePrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementsarebasedoncurrentexpectations, estimates, and projections about Brunswick’s business and by their nature address matters that are, to different degrees, uncertain. Words such as “may,” “could,” “should,” “expect,” "anticipate," "project," "position," “intend,” “targe ...

Brunswick Corporation (NYSE:BC) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Neha Clark - Senior Vice President, Enterprise Finance Dave Foulkes - Chief Executive Officer & Director Ryan Gwillim - Executive Vice President & Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Mike Swartz - Truist Securities James Hardiman - Cit Scott Stember - MKM Partners Fred Wightman - Wolfe Research iXian Siew - BNP Paribas Craig Kennison - Baird Joe Altobello - ...

Brunswick Corporation (NYSE:BC) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET Company Participants Neha Clark - Senior Vice President, Enterprise Finance David Foulkes - Chief Executive Officer Ryan Gwillim - Chief Financial Officer Conference Call Participants Xian Siew - BNP Paribas Joe Altobello - Raymond James Mike Swartz - Truist Securities James Hardiman - Citi Fred Wightman - Wolfe Research Eric Wold - B. Riley Securities Scott Stember - MKM Partners Gerrick Johnson - BMO Capital Market ...

Q1 2023 Earnings Conference Call APRIL 27, 2023 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 degrees, uncertain. Words such as "may," "could," "should," "expect," "anticipate, ...

Financial Performance - Brunswick Corporation reported net sales of $6,812.2 million for 2022, a 16.5% increase compared to $5,846.2 million in 2021[175]. - The gross margin for 2022 was $1,947.2 million, reflecting a 16.9% increase from $1,666.0 million in 2021[175]. - Operating earnings for 2022 were $947.8 million, up 16.6% from $812.9 million in 2021[175]. - The diluted earnings per share from continuing operations increased to $9.06 in 2022, a 19.4% rise from $7.59 in 2021[175]. - The increase in gross margin percentage was driven by higher sales (620 basis points) and acquisitions (60 basis points), offset by increased manufacturing costs (670 basis points)[178]. - The company experienced a 9.9% increase in product mix and price, contributing to overall sales growth in 2022[177]. - Selling, general and administrative expenses as a percentage of revenue decreased by 60 basis points in 2022 compared to 2021, due to lower variable compensation expenses[178]. - Free cash flow from continuing operations was $191.5 million in 2022, a decrease from $320.8 million in 2021, primarily due to increased capital expenditures[216]. - Net cash provided by operating activities of continuing operations was $580.4 million in 2022, slightly down from $586.2 million in 2021, mainly due to increased working capital[218]. Acquisitions and Investments - Brunswick Corporation acquired Freedom Boat Club franchise operations and marine assets for $93.9 million in Q2 2022[170]. - The company completed the acquisition of Navico for $1.094 billion in October 2021, enhancing its position in marine electronics[171]. - The acquisition of Navico in 2021 was financed through the issuance of Notes for net proceeds of $992.9 million, resulting in the retirement of $25.0 million of debt[228]. - The company evaluated potential acquisitions and joint ventures as part of its ordinary course of business, indicating a focus on growth strategies[217]. - Capital expenditures in 2022 totaled $388.3 million, reflecting investments in capacity expansion, new products, and technology[219]. - Capital expenditures are projected to be $350 million in 2023, focusing on new product investments and cost-reduction projects[230]. - The company intends to spend around $150 million on share repurchases in 2023, with potential for increased spending based on market conditions[230]. Segment Performance - Propulsion segment net sales reached $2,824.0 million in 2022, a 12.7% increase from $2,504.7 million in 2021[188]. - Operating earnings for the Propulsion segment were $522.9 million in 2022, reflecting a 16.3% increase from $449.7 million in 2021[191]. - Parts & Accessories segment net sales increased to $2,323.7 million in 2022, up 15.7% from $2,008.1 million in 2021[196]. - P&A segment operating earnings were $336.2 million in 2022, a slight increase of 0.1% compared to the previous year[199]. - Boat segment's net sales increased by $416.3 million or 24.4% in 2022 compared to 2021, driven by increased sales volumes and favorable product mix and pricing[205]. - Operating earnings for the Boat segment reached $212.8 million in 2022, a 49.5% increase from the previous year, attributed to higher sales and operational efficiencies[207]. - International sales represented 32% of the Propulsion segment's net sales in 2022, with a 6% increase on a GAAP basis[190]. - International sales accounted for 24% of the Boat segment's net sales in 2022, increasing by 13% on a GAAP basis and 19% on a constant currency basis[206]. Financial Position and Debt - Total debt rose to $2,509.0 million as of December 31, 2022, compared to $1,816.4 million in 2021, resulting in a debt-to-capitalization ratio increase to 55% from 49%[226]. - Available borrowing capacity under the Credit Facility was $747.2 million as of December 31, 2022, up from $497.2 million in 2021[226][227]. - The company plans to retire approximately $80 million of long-term debt obligations in 2023, with estimated interest expense of $100 million[230]. - Total contractual obligations as of December 31, 2022, amounted to $4,711.2 million, including $2,544.7 million in debt and $1,755.6 million in interest payments[235]. - The company is in compliance with financial covenants in its Credit Facility and CP Program as of December 31, 2022[228]. Tax and Interest - Income tax provision increased to $172.3 million in 2022 from $141.0 million in 2021, with an effective tax rate of 20.2% compared to 19.1% in the prior year[180]. - Net interest expense rose due to increased average daily debt outstanding, influenced by debt issuances[180]. Impairment and Valuation - Restructuring, exit, and impairment charges amounted to $25.1 million in 2022, up from $0.8 million in 2021[179]. - The company recorded impairment charges of $17.4 million related to capitalized software intangible assets during the year ended December 31, 2022[249]. - Impairment charges for long-lived assets were $1.5 million, $0.8 million, and $0.9 million for the years 2022, 2021, and 2020, respectively[251]. - The company exercises judgment in forecasting future cash flows, which may impact the recoverability of long-lived assets[251]. - The impairment test for indefinite-lived intangible assets involves comparing fair value with carrying amount, with losses recognized when carrying value exceeds fair value[249]. Currency and Risk Management - Approximately 24% of annual net sales are transacted in currencies other than the U.S. dollar, with significant exposure to Euros and Canadian dollars[173]. - The estimated reduction in fair market value from a 10 percent adverse change in foreign currency rates was $71.6 million for 2022 and $53.4 million for 2021[257]. - The company uses foreign currency forward and option contracts to manage exposure related to anticipated transactions, primarily in Euro, Australian dollar, Japanese yen, and Canadian dollar[255]. - Fixed-to-floating interest rate swaps are utilized to convert a portion of long-term debt from fixed to floating rate debt[256]. - The company does not use financial instruments for trading or speculative purposes, focusing instead on hedging transactions[254]. Environmental and Regulatory Compliance - The company continues to develop engine technologies and other innovations to reduce environmental impact and comply with regulatory standards[237].