MONTREAL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; "BRW" or the "Company") is extremely pleased to announce that it has discovered a lithium-bearing pegmatite containing spodumene within the company's Nuuk License, located roughly 90 kilometers north-east of Nuuk, the capital of Greenland (Figure 1). The newly discovered pegmatite outcrop is open in all directions and is part of a significant evolved pegmatite field measuring over 20 kilometers l ...

METTAWA, Ill., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), the world's largest recreational marine technology company, has been named one of the 'World's Top Companies for Women' by Forbes for its leadership in supporting women in the workplace. Of the thousands of companies that were surveyed for this recognition, only 400 made the list and Brunswick finished in the top half overall. "Being named a top employer for women by Forbes is a tremendous honor for us," stated Jill Wrobel, C ...

. . . | --- | --- | |-------|-------------------------------------------------| | | | | | Lode Gold Submits Application for Exchange | | | Approval to Form Spin Co, Gold Orogen - a Yukon | | | (Tombstone Belt) & New Brunswick Exploration | October 28, 2024 8:30 AM EDT | Source: Lode Gold Resources Inc. Toronto, Ontario--(Newsfile Corp. - October 28, 2024) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to announce that it has submitted application to the TSX ...

My previous investment thought on Brunswick Corporation (NYSE: BC ) (published in August) was to upgrade to a hold rating because I was uncertain of how the demand situation would be in the nearI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim to ident ...

Financial Data and Key Metrics - Net sales in Q3 2024 were down 20% YoY, with adjusted operating margins just under 10%, resulting in an adjusted EPS of $1.17 [13] - Year-to-date sales were down 19%, with an adjusted diluted EPS of $4.31, down 41% YoY [14] - Free cash flow conversion is expected to be north of 80% for the year, with free cash flow remaining solid despite lower earnings [19] - The company completed $190 million of share repurchases year-to-date [4] Business Segment Performance Propulsion Business - Sales in the propulsion segment were down 32% YoY, with lower production rates at OEM boat manufacturers leading to reduced engine orders [15] - Despite lower wholesale orders, the company gained 420 basis points of U.S. outboard engine market share in Q3 [5] - The engine parts and accessories business achieved record operating margins of 26% in Q3 [5] Navico Group - Navico Group reported a 14% decrease in sales, primarily due to reduced sales to marine OEMs, partially offset by slight international sales growth [16] - The group launched over 20 new products year-to-date, with expectations of operating margin re-expansion in Q4 [7] Boat Business - The boat business saw sales and operating earnings below Q3 2023 levels, consistent with lower planned production levels and fewer manufacturing days [6] - Sales were down 19% YoY, driven by cautious wholesale orders and higher incentives, partially offset by modest model year pricing [17] Freedom Boat Club - Freedom Boat Club delivered steady performance with 3.5% year-to-date membership sales growth and completed the acquisition of the South Florida Franchise Operations [7] Market Performance - U.S. outboard engine industry retail units declined 10% in Q3 2024, with Mercury Marine outperforming the industry at a decline of just 1.8% [11] - The company ended Q3 with 10,700 units in the U.S. pipeline, slightly below the prior year [11] Strategic Direction and Industry Competition - The company is focusing on market share gains and maintaining a fresh product portfolio to position for growth when the market recovers [9] - Brunswick is investing in new products and technologies across all businesses, with over 20 new products introduced by Navico Group year-to-date [7] - The company is expanding its presence in Asia and expects to enter the market soon [7] Management Commentary on Operating Environment and Future Outlook - Management noted that the macroeconomic landscape is stabilizing, with inflation moderating and employment remaining solid, but geopolitical tensions and election-related activities are being monitored [8] - The company expects full-year new boat retail unit sales to be down approximately 10% YoY, in line with expectations [3] - Management anticipates a stronger 2025, with healthier economic conditions, lower interest rates, and potential market share gains [24][25] Other Important Information - The company estimates a full-year operating earnings impact of $5 million to $10 million due to hurricanes in Florida and the Southeastern U.S. [10] - Brunswick has increased its revolving credit facility to $1 billion and expanded its commercial paper program to $1 billion for additional capital flexibility [4] Q&A Session Summary Question: Changes in customer demand and dealer sentiment - Retail demand is pacing as expected, down about 10% YoY, with some weakening in Europe [22] - The company is de-risking the balance of the year by avoiding overstocking pipelines and not pulling wholesale orders into 2024 [23] Question: 2025 outlook and inventory levels - The company expects 2025 to be a growth year, with flat retail sales and potential upside in the marine market [25] - Inventory levels are expected to finish the year in the high 30s in the U.S. and around 40 globally [34] Question: Mercury Marine market share gains - Mercury Marine gained 420 basis points of U.S. outboard engine market share in Q3, with a focus on the 130 basis points year-to-date gain [41] Question: Navico Group performance and outlook - Navico Group is expected to see stability and modest growth in Q4, driven by new product launches [42] Question: Engine parts and accessories business margins - The engine parts and accessories business achieved record operating margins of 26% in Q3, with sustainability expected around 20% for the full year [50] Question: Cost reductions and 2025 expectations - The company has taken out $100 million in costs versus the initial budget, with $30 to $40 million expected to stay out in 2025 [53] Question: Propulsion margins in Q4 - Propulsion margins in Q4 are expected to be lower due to reduced production volumes and absorption challenges [55] Question: International inventory levels - International inventory levels are higher than in the U.S., but the company is managing pipelines similarly to control inventory [58] Question: Dealer inventory preferences - Dealers are collaborating with the company to set inventory levels, with no significant changes expected in long-term weeks on hand [60] Question: Promotional strategy in Q4 - The company is avoiding excessive wholesale pull-forward in Q4 to prevent learned behaviors of waiting for promotions [62]

Brunswick (BC) reported $1.27 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 20.1%. EPS of $1.17 for the same period compares to $2.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.27 billion, representing a surprise of +0.36%. The company delivered an EPS surprise of -0.85%, with the consensus EPS estimate being $1.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Brunswick (BC) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $2.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.85%. A quarter ago, it was expected that this boat and sporting goods company would post earnings of $1.90 per share when it actually produced earnings of $1.80, delivering a surprise of -5.26%.Over the last four quarte ...

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045 Telephone 847.735.4700 News Release Q3 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 ...

METTAWA, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), today, released its third quarter 2024 financial results.  A complete and full-text financial results press release is 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 call at 10 a.m. CT/ 11 a.m. ET, today, Thursday, October 24, 2024, hosted by David M. Foul ...

Wall Street analysts forecast that Brunswick (BC) will report quarterly earnings of $1.18 per share in its upcoming release, pointing to a year-over-year decline of 51.2%. It is anticipated that revenues will amount to $1.27 billion, exhibiting a decline of 20.3% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of thei ...