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Brunswick Corporation Schedules 2025 Second Quarter Earnings Conference Call
Globenewswire· 2025-07-09 14:04
Core Viewpoint - Brunswick Corporation is set to release its 2025 second quarter financial results on July 24, 2025, before market opening, with full results available on its website and the SEC's site [1][2]. Financial Results Announcement - The financial results will be disclosed through an advisory release, with a complete text available on the Company's website [1]. - A conference call will be held on July 24, 2025, at 10 a.m. CT/11 a.m. ET, hosted by key executives including the CEO and CFO [2]. - The presentation for the conference call will be accessible at the time of the results release [2]. Accessing the Conference Call - The conference call can be accessed via telephone or webcast, with specific numbers provided for participants [3][4]. - A replay of the conference call will be available until July 31, 2025, through designated phone numbers and the Company's investor website [4]. Company Overview - Brunswick Corporation is a leader in marine recreation, focusing on innovation and technology-driven solutions [5]. - The Company operates over 60 industry-leading brands in marine propulsion, parts, accessories, and boat manufacturing [5]. - Brunswick has approximately 14,500 employees across 26 countries and has received multiple awards for its workplace culture and industry leadership [5].
Freedom Boat Club Enters Middle East Market with Launch of Dubai Harbour Location
Globenewswire· 2025-07-08 15:00
Core Insights - Freedom Boat Club is expanding into the Middle East with the launch of Freedom Boat Club of Dubai in Fall 2025, marking a significant milestone in its international development [1][2][3] Company Expansion - The new club will be strategically located in Dubai Harbour, a vibrant and high-potential boating market [2][4] - The first Dubai location will be owned and operated by franchise partner Baker Almasabey, who has a background in logistics and a passion for boating [3][4] - Freedom Boat Club plans to open three locations across Dubai by the end of 2026, indicating an accelerated growth strategy [6] Market Potential - Dubai boasts the second-largest economy in the UAE, high population density, and a year-round boating season, making it an ideal location for the club [4] - The city features over 70 kilometers of natural coastline and nearly 500 kilometers of artificial islands, providing unparalleled access to water activities [4] Membership and Fleet - Members of Freedom Boat Club of Dubai will have access to a premium fleet of Brunswick-branded boats, including Sea Ray and Boston Whaler, powered by Mercury Marine engines [5]
Brunswick Corporation Named One of Newsweek's Greatest Workplaces in Manufacturing for 2025
Globenewswire· 2025-06-30 16:30
Core Insights - Brunswick Corporation has been recognized by Newsweek as one of America's Greatest Workplaces in Manufacturing for 2025, highlighting its excellence in employee satisfaction and workplace culture [1][3] Company Overview - Brunswick Corporation (NYSE: BC) is the world's largest marine technology company, focusing on innovation in marine recreation and delivering technology-driven solutions [4] - The company operates with over 14,500 employees across 26 countries and is home to more than 60 industry-leading brands, including Mercury Marine and Boston Whaler [4] - Brunswick has received multiple national awards, including being named America's Best Large Employers for 2024 by Forbes Magazine for the sixth consecutive year [4] Recognition and Awards - The recognition from Newsweek is based on an analysis of over 400,000 confidential employee surveys and 4.9 million company reviews, along with 120 key performance indicators [2] - Jill Wrobel, Chief Human Resources Officer, emphasized that this recognition reflects the dedication and passion of the global team at Brunswick [3]
Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage
GlobeNewswire News Room· 2025-06-10 11:00
MONTREAL, June 10, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; "BRW" or the "Company") is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, "Stacked Dyke" area, where BRW cont ...
Kenorland Expands Exploration Portfolio in Ontario and into New Brunswick
Newsfile· 2025-05-27 11:30
Core Viewpoint - Kenorland Minerals Ltd. has expanded its exploration portfolio by acquiring significant mineral claims in Ontario and New Brunswick, indicating a strategic move into underexplored regions with high potential for mineral discoveries [1][2]. Group 1: Acquisition Details - Kenorland has staked 125,430 hectares in the Kowkash Project located in Northern Ontario and 119,779 hectares in the Atlantic Project in Central New Brunswick, totaling 150,831 hectares [1][4]. - The company has also entered a purchase agreement to acquire a 100% interest in an additional 31,052 hectares adjacent to the Atlantic Project, valued at $174,440.76 [9][11]. Group 2: Project Descriptions - The Kowkash Project is situated in the Onaman-Tashota Greenstone Belt, characterized by low exploration maturity and potential for orogenic and volcanic hosted massive sulphide mineralization, including high-grade Au, Ag, Cu, and Zn [2][4]. - The Atlantic Project encompasses a segment of the Gander and Dunnage zones, known for various gold and polymetallic deposits, and is prospective for epithermal and VHMS mineralization styles [4][7]. Group 3: Exploration Strategy - Kenorland aims to apply a systematic approach to exploration, with plans for a regional geochemical sampling program during the 2025 summer field season at the Kowkash Project [2][4]. - The Atlantic Project area has seen limited historical exploration, presenting a unique opportunity for modern exploration techniques to uncover new mineral deposits [7].
Brunswick Corporation Releases 2024 Corporate Sustainability Report
Globenewswire· 2025-05-13 12:17
Core Insights - Brunswick Corporation released its 2024 Sustainability Report, emphasizing its commitment to sustainable operations and innovation in the marine industry [1] - The company is recognized as a global leader in marine recreation, focusing on technology-driven solutions and deep consumer insights [2] Company Overview - Brunswick Corporation operates over 60 industry-leading brands, including Mercury Marine, Boston Whaler, and Sea Ray, among others [2] - The company employs approximately 14,500 people across 26 countries and has been named America's Best Large Employers for 2024 by Forbes Magazine for the sixth consecutive year [2] - Brunswick has received more than 100 awards across its enterprise for three consecutive years, highlighting its commitment to excellence [2]
Brunswick: Rating Downgrade On Poor Fundamentals And Macro Conditions
Seeking Alpha· 2025-04-29 10:42
Core Viewpoint - The investment rating for Brunswick Corporation (NYSE: BC) has been downgraded from hold to sell due to concerns about the company's growth potential despite some positive signals [1]. Group 1: Investment Strategy - The investment approach focuses on long-term investments while also incorporating 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 duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1].
Brunswick(BC) - 2025 Q1 - Earnings Call Transcript
2025-04-25 00:06
Financial Data and Key Metrics Changes - Brunswick's first-quarter results exceeded expectations despite a challenging macro environment, with a notable $160 million improvement in free cash flow compared to Q1 2024, marking the second-best first-quarter cash flow on record [9][10] - Net sales decreased by 11% year-over-year, with adjusted operating margins at 6%, resulting in an adjusted EPS of $0.56 [27][28] - The updated adjusted EPS guidance for 2025 is now between $2.50 and $4.00 per share, reflecting significant uncertainty due to trade policy and macroeconomic conditions [22][36] Business Line Data and Key Metrics Changes - The propulsion business experienced a 16% decrease in sales primarily due to pipeline management and lower wholesale shipments, while aftermarket engine parts and accessories saw a 3% decrease in sales but a 7% increase in adjusted operating earnings [29][30] - The boat business reported a 13% decrease in sales, attributed to cautious wholesale ordering patterns, although it showed mid-single-digit growth compared to Q4 2024 [31] - Freedom Boat Club continued to expand globally, with steady membership sales growth and a 3% increase in member boat usage [14][31] Market Data and Key Metrics Changes - The US main powerboat industry retail was down modestly in Q1, with Brunswick's performance primarily affected by declines in the value segment [18] - Outboard engine industry retail units declined by 6%, with Mercury's performance slightly lower due to registration calendarization [21] - US weeks on hand decreased to 35.6%, indicating a reduction in inventory levels compared to Q1 2024 [22] Company Strategy and Development Direction - Brunswick is considering streamlining its entry-level product offerings due to observed weakness in that segment, focusing on higher-margin products and growth opportunities [7][81] - The company is actively working on mitigating tariff impacts through supply chain adjustments, pricing strategies, and classification of components to minimize exposure [16][108] - Brunswick aims to maintain a strong focus on cash generation, with a target of $350 million in free cash flow for the year [36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the overall start to the year, despite uncertainties in the macroeconomic environment and consumer sentiment [10][14] - The company anticipates that the second quarter will be crucial for retail and wholesale, with potential volume pressures due to ongoing tariff uncertainties [64][70] - Management remains confident in the resilience of premium brands and expects to navigate through the current challenges effectively [92][96] Other Important Information - Brunswick launched several new products at the 2025 Miami Boat Show, including the all-new NSS four multifunction display and the Series 5 Flight jet [38][40] - The company received multiple awards for its products and workplace culture, including recognition as one of America's most trustworthy companies [41][42] Q&A Session Summary Question: Can you help us understand the guidance update for 2025? - Management indicated that the high end of the guidance range assumes a moderation in the tariff environment and better-than-expected mitigation efforts, while the low end reflects continued tariff pressures and volume declines [48][50] Question: What is the anticipated gross number for tariff mitigation? - Management stated that while it's difficult to provide an exact number, the gross impact is likely less than double the net impact due to various factors affecting timing and payment [60] Question: What are the plans to streamline entry-level boats? - Management confirmed that they are reducing the number of models in the entry-level category, focusing on optimizing manufacturing and prioritizing investments in higher-margin areas [81][84] Question: How is the capital market volatility affecting consumer behavior? - Management noted that while there is some short-term hesitancy, premium brands have shown resilience, and dealers are still placing orders due to lean inventory levels [92][96] Question: What are the mitigation actions against tariffs? - Management highlighted pricing strategies, supply chain migration, and component classification as key mitigation actions, with a significant reduction in dependency on China-based suppliers [108][111]
Brunswick(BC) - 2025 Q1 - Earnings Call Transcript
2025-04-24 19:07
Financial Data and Key Metrics Changes - Brunswick's first-quarter results exceeded expectations despite a challenging macro environment, with a notable $160 million improvement in free cash flow compared to Q1 2024, marking the second-best first-quarter cash flow on record [9][10] - Net sales decreased by 11% year-over-year, with adjusted operating margins at 6%, resulting in an adjusted EPS of $0.56 [27][28] - The updated adjusted EPS guidance for 2025 is now between $2.50 and $4.00 per share, reflecting significant uncertainty due to trade policy and macroeconomic conditions [22][36] Business Line Data and Key Metrics Changes - The propulsion business experienced a 16% decrease in sales primarily due to pipeline management and lower wholesale shipments, while the aftermarket engine parts and accessories business saw a 3% decrease in sales but a 7% increase in adjusted operating earnings [29][30] - The boat business reported a 13% decrease in sales, attributed to cautious wholesale ordering patterns, although Freedom Boat Club continued to expand globally with steady membership growth [31][14] - Navico Group's sales were flat year-over-year, with strong aftermarket sales offsetting reduced OEM orders [12][30] Market Data and Key Metrics Changes - The US main powerboat industry retail was down modestly in Q1, with Brunswick's performance primarily affected by declines in the value segment [18] - Outboard engine industry retail units declined by 6%, with Mercury's performance slightly lower due to registration calendarization [21] - US weeks on hand decreased to 35.6%, indicating a reduction in inventory levels compared to Q1 2024 [21] Company Strategy and Development Direction - Brunswick is considering streamlining its entry-level product offerings due to observed weakness in that segment, focusing on higher-margin products and growth opportunities [7][81] - The company is actively working on mitigating tariff impacts through supply chain adjustments, pricing strategies, and classification of components to minimize exposure [16][110] - Brunswick aims to maintain a strong focus on cash generation, with a target of $350 million in free cash flow for the year [36] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the retail environment, noting stable dealer sentiment despite consumer volatility [17] - The uncertain tariff environment and macroeconomic conditions are expected to impact consumer spending, with potential volume pressures anticipated in the near term [14][24] - Management remains confident in the resilience of premium brands and their ability to navigate current challenges, with expectations for a flat US retail boat market in 2025 [37][92] Other Important Information - Brunswick launched several new products at the Miami Boat Show, including the SIMRAD NSS four multifunction display and the Flight Series 5 [38][39] - The company received multiple awards for its products and workplace culture, including recognition for being one of America's most trustworthy companies [41][42] Q&A Session Summary Question: Can you help us understand the guidance update for 2025? - Management indicated that the high end of the guidance range assumes a moderation in the tariff environment and better-than-expected mitigation efforts, while the low end reflects continued tariff pressures and volume declines [48][50] Question: What is the anticipated gross number for tariff mitigation? - Management stated that while it's difficult to provide an exact number, the gross impact is likely less than double the net impact due to various factors affecting timing and payment [60] Question: What are the plans to streamline entry-level boats? - Management confirmed that they are reducing the number of models in the entry-level category, focusing on higher-margin products and optimizing manufacturing [81][84] Question: How is the capital market volatility affecting consumer behavior? - Management noted that while there is some concern regarding capital market volatility, premium brands have shown resilience, and retail financing rates remain stable [92][125] Question: What are the mitigation actions against tariffs? - Management highlighted pricing strategies, supply chain migration, and component classification as key mitigation actions, with a significant reduction in dependency on China expected [108][111]
Brunswick Continues to Intersect Lithium Mineralization on Globex's Lac Escale Royalty Property
GlobeNewswire News Room· 2025-04-24 15:51
Core Viewpoint - Brunswick Exploration Inc. has reported significant lithium mineralization intersections on Globex Mining Enterprises Inc.'s Lac Escale royalty claims, indicating potential growth in the lithium sector [1][2]. Group 1: Lithium Mineralization Findings - The reported intersections include 36 meters grading 1.51% Li2O in Hole MR-24-102 and 1.32% Li2O over 28 meters in Hole MR-24-101 [2]. - A total of 24 drill holes were completed during the winter drill program, showcasing extensive exploration efforts [2]. Group 2: Company Details - Globex Mining Enterprises Inc. retains a 3% Gross Metal Royalty on the Lac Escale claims, which could provide a steady revenue stream as exploration progresses [2]. - The press release was authored by Jack Stoch, P. Geo., who serves as the President and CEO of Globex, indicating the company's commitment to transparency and regulatory compliance [5].