Core Viewpoint - Brunswick is expected to report a year-over-year decline in earnings due to lower revenues, which could significantly impact its near-term stock price depending on how actual results compare to consensus estimates [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for April 24, 2025, with an expected earnings per share (EPS) of $0.25, reflecting a year-over-year decrease of 81.5% [3]. - Revenues are anticipated to be $1.14 billion, down 16.6% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 2.51% lower in the last 30 days, indicating a bearish sentiment among analysts regarding Brunswick's earnings prospects [4][10]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -27.31% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [6][7]. - A positive Earnings ESP combined with a strong Zacks Rank (1, 2, or 3) has shown a nearly 70% success rate for predicting earnings surprises [8]. Historical Performance - In the last reported quarter, Brunswick had an expected EPS of $0.18 but delivered $0.24, resulting in a surprise of +33.33% [12]. - Over the past four quarters, Brunswick has only beaten consensus EPS estimates once [13]. Conclusion - Brunswick does not currently appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].

Group 1 - The founder of "The Investment Editor's Cut" has over 25 years of experience in the financial and investment industry, currently operating an investor service [1] - The founder previously served as a Senior Managing Editor at Seeking Alpha for approximately 11 years and has experience in treasury management, financial liquidity, currency risk hedge portfolios, and investment arbitrage trades [1] - The founder has a strong interest in behavioral finance and combines investment ideas that are contrarian, event-driven, and structured trades [1] Group 2 - The founder completed the requirements for the CFA Charter in 2003 and is an active member of the CFA Institute [1] - The founder holds a beneficial long position in the shares of BC through stock ownership, options, or other derivatives [1] - The articles and investment ideas presented may reflect personal opinions and are not compensated by any company mentioned [1]

METTAWA, Ill., April 10, 2025 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC) will release its 2025 first quarter financial results on Thursday, April 24, 2025 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 a conference cal ...

Core Insights - Brunswick Corporation has been recognized by Newsweek as one of America's Greatest Workplaces for Women, reflecting its commitment to creating an empowering work environment [1][2] - The recognition emphasizes Brunswick's initiatives in leadership development, mentoring, and work-life balance policies [2][3] Company Overview - Brunswick Corporation is the global leader in marine recreation, offering innovative solutions that enhance experiences on the water [5] - The company operates over 60 industry-leading brands, including Mercury Marine and Boston Whaler, and has approximately 14,500 employees across 26 countries [5] - In 2024, Brunswick was named America's Best Large Employers for the sixth consecutive year by Forbes Magazine [5]

Core Insights - Brunswick Corporation has been recognized by Newsweek as one of America's Greatest Workplaces for Women, reflecting its commitment to a supportive work environment that promotes personal and professional growth [1][2]. Group 1: Recognition and Commitment - The recognition from Newsweek highlights Brunswick's ongoing efforts to create a workplace where diverse perspectives are valued, fostering innovation and employee empowerment [2]. - Brunswick's initiatives include leadership development programs, mentoring opportunities, and policies that support work-life balance, which contributed to its recognition [2]. Group 2: Evaluation Process - The rankings were determined through a comprehensive evaluation by Plant-A Insights Group, which included analysis of public data, interviews with HR professionals, and confidential surveys from over 215,000 female employees, resulting in more than 2.2 million detailed reviews [3]. Group 3: Company Overview - Brunswick Corporation is a global leader in marine recreation, with a focus on innovation and technology-driven solutions, operating over 60 industry-leading brands [5]. - The company has approximately 14,500 employees across 26 countries and has received multiple accolades, including being named America's Best Large Employers for 2024 by Forbes for six consecutive years [5].

Core Viewpoint - Lode Gold Resources Inc. is set to spin out its subsidiary Gold Orogen as a separate public company in March 2025, with a focus on exploration targets in New Brunswick, particularly at McIntyre Brook, which shows promising mineralization potential [1][2]. Group 1: Exploration Targets and Findings - The 2025 exploration program will focus on newly identified targets at McIntyre Brook, where previous findings indicated gold endowment in mineralized rhyolites, consistent with surrounding properties [3][6]. - A small test drill program in 2019 at McIntyre Brook yielded a best intercept of 5.73 g/t Au over a broader 20 m zone of 1.20 g/t Au, reinforcing the area's potential for gold-copper discoveries [3][6]. - The HeliTEM² survey and soil geochemistry conducted in late 2024 revealed electromagnetic conductors and gold-in-soil anomalies, suggesting nearby gold mineralization [4][5]. Group 2: Joint Ventures and Land Packages - Gold Orogen has formed a joint venture with Fancamp, creating one of the largest land packages on the Iapetus Suture Belt, covering 445 km², which is considered highly prospective for gold and polymetallic minerals [2][13]. - The New Brunswick region is noted for its excellent infrastructure and geopolitics, making it an under-explored area with significant potential for mining activities [2]. Group 3: Future Plans and Statements - The company plans to conduct soil sampling and trenching in both McIntyre Brook and Riley Brook to generate and test drill targets, with field crews expected to begin work following the finalization of the exploration plan [8]. - The complete dataset from the 2024 exploration program has been received, and target generation for the 2025 exploration plan is progressing [8].

Core Insights - Brunswick Corporation showcased strong performance at the 2025 Miami International Boat Show, with significant sales from premium boat brands and continued growth in Mercury Marine outboard engine market share [1][2][4] Sales Performance - Brunswick experienced strong sales from its premium boat brands during the five-day event, with Mercury Marine achieving nearly 58% market share in outboard motors, an increase of almost four percentage points year-over-year [4] - Sea Ray reported a 25% increase in unit sales compared to the 2024 Miami Show and nearly a 50% increase compared to the 2022 Show, particularly in larger boats over 32 feet [4] - Boston Whaler maintained strong sales to US customers, although sales to Latin American customers were softer due to the strong dollar [4] Product Innovations - Mercury Marine launched its Single Engine Joystick with Thruster system, enhancing joystick control for a new class of boats [4] - Flite introduced the Series 5 Fliteboard, featuring the new Flite Jet 2 propulsion system developed in collaboration with Mercury Marine, showcasing synergies among Brunswick's brands [4] Awards and Recognition - Brunswick received nine awards at the show, including four Consumer Satisfaction Index Awards and five Neptune Awards for excellence in marketing [4]

Financial Performance - Net sales decreased by 18.2% in 2024 compared to 2023, totaling $5,237.1 million, down from $6,401.4 million[196] - Gross margin fell to 25.8% in 2024, a decrease of 210 basis points from 27.9% in 2023[196] - Operating earnings dropped by 57.6% to $311.6 million in 2024 from $734.9 million in 2023[196] - Net earnings from continuing operations decreased by 65.5% to $149.3 million in 2024, down from $432.6 million in 2023[196] - Diluted earnings per common share from continuing operations fell to $2.21 in 2024, a decline of 63.9% from $6.13 in 2023[196] Segment Performance - Propulsion segment net sales decreased by 25.0% to $2,074.2 million in 2024 from $2,763.8 million in 2023, primarily due to lower OEM production rates and engine orders[209] - Adjusted operating earnings for the Propulsion segment fell by 49.4% to $255.2 million in 2024, down from $504.2 million in 2023[209] - Engine P&A segment net sales decreased by 3.3% to $1,160.8 million in 2024, with volume decline contributing to a 3.9% drop[213] - Adjusted operating earnings for the Engine P&A segment increased by 1.3% to $224.7 million in 2024, compared to $221.8 million in 2023[212] - Navico Group segment net sales decreased by 12.5% to $800.2 million in 2024, driven by reduced sales to marine OEMs[216] - Adjusted operating earnings for the Navico Group segment fell by 42.3% to $52.7 million in 2024, down from $91.3 million in 2023[216] - Boat segment net sales decreased by 21.9% to $1,553.5 million in 2024, attributed to lower wholesale orders and higher discounting[219] - Adjusted operating earnings for the Boat segment dropped by 57.9% to $74.0 million in 2024, compared to $175.9 million in 2023[219] Expenses and Charges - Restructuring, exit, and impairment charges increased to $121.7 million in 2024 from $54.7 million in 2023, with estimated annualized cost savings of approximately $24.0 million[202] - Selling, general and administrative expenses as a percentage of net sales increased by 160 basis points in 2024 compared to 2023[201] Cash Flow and Liquidity - Free cash flow decreased to $284.3 million in 2024 from $473.4 million in 2023, primarily due to lower net earnings[226] - Net cash provided by operating activities of continuing operations was $449.5 million in 2024, down from $745.2 million in 2023, reflecting lower net earnings[228] - Total cash, cash equivalents, and marketable securities decreased to $269.8 million as of December 31, 2024, down from $468.6 million in 2023, representing a decline of 42.4%[233] - Total liquidity as of December 31, 2024, was $1,266.8 million, an increase of 4.8% from $1,210.5 million in 2023[233] Debt and Financing - The company plans to reduce debt by $125 million in 2025 and maintain capital expenditures at approximately $160 million[238] - Total debt as of December 31, 2024, was $2,340.6 million, a decrease from $2,430.4 million in 2023[233] - The debt-to-capitalization ratio was 55% as of December 31, 2024, compared to 54% in 2023[233] - Net cash used for financing activities was $442.7 million, including $613.2 million in long-term debt payments and $200.0 million in common stock repurchases[231] - The company had $997.0 million available under its Credit Facility as of December 31, 2024, compared to $741.9 million in 2023, reflecting a 34.4% increase[234] Impairment and Goodwill - The company recorded an $80.0 million impairment of goodwill for the Navico Group reporting unit during the year ended December 31, 2024[254] - The company recorded impairment charges of $5.0 million for the Navico trade name in 2024, $16.6 million in 2023 (including $13.0 million for Navico), and $17.4 million in 2022 related to capitalized software intangible assets[257] Foreign Currency and Risk Management - Approximately 25% of annual net sales are transacted in currencies other than the U.S. dollar, with significant exposure to Euros, Canadian dollars, Australian dollars, and Brazilian real[193] - The estimated reduction in fair market value from a 10% adverse change in foreign currency rates is $69.3 million for 2024 and $91.7 million for 2023[264] - The company uses foreign currency forward and option contracts to manage exposure to foreign exchange rate risks, primarily related to the Euro, Canadian dollar, Australian dollar, and Brazilian Real[261] - The company manages foreign currency exposure through derivative financial instruments to offset gains or losses on underlying assets or liabilities[261] Interest Rate Management - Fixed-to-floating interest rate swaps are utilized to convert a portion of long-term debt from fixed to floating rate debt, aiming to offset changes in fair value due to benchmark interest rate fluctuations[262] - The company does not engage in financial instruments for trading or speculative purposes, focusing instead on hedging transactions to mitigate market risks[260] Accounting and Reporting - Recent accounting pronouncements have been adopted during the year ended December 31, 2024, with further details available in the consolidated financial statements[259] - Impairment tests for indefinite-lived intangible assets are conducted at least annually, comparing fair value with carrying amount[257] - The company employs models to evaluate the sensitivity of financial instruments to market risk, assuming instantaneous, parallel shifts in exchange rates[263]

Group 1 - Brunswick Corporation's Board of Directors has elected CEO David M. Foulkes as chairman of the board, effective March 1, 2025 [1] - The decision to combine the roles of Board Chair and CEO is aimed at driving the execution of the company's strategic plan [2] - David M. Foulkes has been with Brunswick since 2007 and has held various leadership roles, including President of Brunswick Consumer Solutions and Chief Technology Officer [2] Group 2 - 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 in marine propulsion, parts, accessories, and boat manufacturing [3] - Brunswick has approximately 14,500 employees across 26 countries and has received multiple awards, including being named America's Best Large Employers for 2024 by Forbes Magazine [3]

Core Viewpoint - The investment stance on Brunswick Corporation (NYSE: BC) remains a hold due to uncertainty regarding demand recovery amid macroeconomic conditions [1] Investment Approach - The investment strategy focuses on long-term investments while also considering short-term shorts to identify alpha opportunities [1] - The analysis is based on a bottom-up approach, examining the fundamental strengths and weaknesses of individual companies [1] - The investment horizon is medium to long-term, aiming to find companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]