Financial Performance - Full-Year 2024 GAAP diluted EPS was $2.21, a decrease of 63.9% compared to FY 2023, while as adjusted diluted EPS was $4.57, down 48.1%[3] - Net sales for FY 2024 were $5,237.1 million, reflecting an 18.2% decline from FY 2023[3] - Fourth Quarter 2024 net sales were $1,154.9 million, down 15.2% from Q4 2023, with diluted EPS of $(1.07) on a GAAP basis and $0.24 as adjusted[4][11] - Operating loss for Q4 2024 was $(55.7) million, compared to operating earnings of $108.3 million in Q4 2023, representing a significant decline[34] - Net loss from continuing operations for Q4 2024 was $(71.2) million, compared to net earnings of $71.0 million in Q4 2023[34] - The diluted earnings per share for Q4 2024 was $(1.24), a decrease from $0.88 in Q4 2023[34] - Adjusted operating earnings for the total company for the twelve months ended December 31, 2024, were $495.4 million, a decrease of 43.0% from $869.3 million in 2023[40] - Brunswick Corporation's net earnings from continuing operations were $149.3 million in 2024, down from $432.6 million in 2023[46] Sales Performance - The total net sales for the twelve months ended December 31, 2024, were $5,237.1 million, down 18% from $6,401.4 million in 2023[34] - The Propulsion segment reported net sales of $452.1 million in Q4 2024, a decrease of 23.5% from $590.7 million in Q4 2023[37] - The Propulsion segment reported a 25.0% decline in net sales, totaling $2,074.2 million compared to $2,763.8 million in 2023[40] - The Boat segment experienced an 18.0% decline in net sales, falling to $348.3 million from $424.8 million year-over-year[42] - The Navico Group segment reported a net sales decrease of 0.6%, totaling $195.1 million compared to $196.2 million in 2023[41] - Engine Parts & Accessories Segment net sales decreased by 3.3% to $1,160.8 million in 2024 from $1,199.8 million in 2023[43] - Navico Group Segment net sales fell by 12.5% to $800.2 million in 2024 compared to $914.7 million in 2023[43] - Boat Segment net sales declined by 21.9% to $1,553.5 million in 2024 from $1,989.4 million in 2023[43] Cash Flow and Financial Position - Free cash flow conversion for FY 2024 was 92%, with net cash provided by operating activities totaling $449.5 million, down $295.7 million from the prior year[6][16] - The company reported cash and marketable securities of $286.7 million at the end of 2024, a decrease of $193.0 million from year-end 2023[16] - Free cash flow for 2024 was $284.3 million, down from $473.4 million in 2023, indicating a decrease in cash generation[46] - Total assets decreased to $5,677.7 million in 2024 from $6,230.5 million in 2023, reflecting a reduction in cash and cash equivalents[45] - The debt-to-capitalization rate increased to 55.3% in 2024 from 53.8% in 2023, indicating a higher leverage position[45] Future Outlook - Brunswick anticipates 2025 net sales between $5.2 billion and $5.6 billion, with adjusted diluted EPS projected in the range of $3.50 to $5.00[22] - The company plans for first quarter 2025 revenue of $1.0 to $1.2 billion, with adjusted diluted EPS between $0.15 and $0.25[22] Strategic Initiatives - Freedom Boat Club contributed approximately 12% of sales to the boat segment, continuing to grow membership and expand locations globally[10][15] - Brunswick's ongoing investments in new products and technologies are aimed at supporting strategic growth initiatives despite a challenging market environment[6][19] Operational Metrics - Research and development expenses for Q4 2024 were $39.1 million, down 8% from $42.4 million in Q4 2023[34] - The adjusted operating margin for the total company decreased to 9.5% from 13.6% in the previous year[40] - Brunswick Corporation's effective tax rate decreased to 17.3% for the year ended December 31, 2024, from 31.2% in 2023[34] Recognition and Charges - Brunswick was recognized as America's Best Large Employers for 2024 by Forbes Magazine for the sixth consecutive year[33] - The company reported a significant increase in restructuring, exit, and impairment charges, totaling $121.7 million for the year[47]

Core Viewpoint - Brunswick Corporation has released its fourth quarter and full year 2024 financial results, indicating a focus on innovation and leadership 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 to discuss the financial results will be held on January 30, 2025, at 10 a.m. CST, featuring key executives [2]. - Participants can join the call via telephone or listen online, with specific numbers provided for North America and international callers [3]. Replay Information - A replay of the conference call will be available until February 6, 2025, through designated phone numbers and on the company's investor website [4]. Company Overview - Brunswick Corporation is a leader in marine recreation, offering technology-driven solutions and a diverse portfolio of over 60 brands, including Mercury Marine and Boston Whaler [5]. - The company has approximately 14,500 employees across 26 countries and has received recognition as one of America's Best Large Employers for six consecutive years [5].

Core Viewpoint - Brunswick Corporation has released its fourth quarter and full year 2024 financial results, indicating a focus on innovation and leadership in the marine recreation industry [1]. Company Overview - Brunswick Corporation (NYSE: BC) is a global leader in marine recreation, offering technology-driven solutions and a diverse portfolio of over 60 industry-leading brands [5]. - The company operates in 26 countries with approximately 14,500 employees and has been recognized as America's Best Large Employers for six consecutive years by Forbes Magazine [5]. Financial Results Announcement - The financial results for the fourth quarter and full year 2024 were announced on January 30, 2025, with a conference call scheduled for the same day to discuss these results [1][2]. - The conference call will be hosted by key executives, including the CEO and CFO, and will be accessible via telephone and the internet [2][3]. Conference Call Details - Participants can join the conference call by dialing specific numbers provided for North America and international callers, with a replay available for a limited time after the call [3][4].

Core Viewpoint - Brunswick Exploration Inc. has initiated a 5,000-metre drill program on Globex Mining Enterprises Inc.'s Lac Escale (Mirage) royalty property in Quebec, which is expected to enhance the exploration potential of the area [1][2]. Group 1: Drill Program Details - The drilling will focus on several untested targets located east and west of the Central Zone corridor [2]. - In a second phase, Brunswick will target the extensions of the MR-3 and MR-6 discoveries, as well as a new mineralized dyke system located 4.5 km to the northeast [2]. Group 2: Financial Aspects - Globex retains a 3% Gross Metal Royalty on the Lac Escale claims and a $100,000 per year advance royalty starting from the fifth year of the agreement [1].

Core Viewpoint - Wall Street anticipates a year-over-year decline in Brunswick's earnings due to lower revenues, with actual results being crucial for near-term stock price movements [1][2]. Earnings Expectations - Brunswick is expected to report quarterly earnings of $0.18 per share, reflecting a significant year-over-year decrease of 87.6% [3]. - Revenue projections stand at $1.05 billion, which is a decline of 23.2% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 7.79% over 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 -12.33% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the potential deviation of actual earnings from consensus estimates, with positive readings being more predictive of earnings beats [5][7]. - A combination of a positive Earnings ESP and a strong Zacks Rank (1-3) has shown a nearly 70% success rate in predicting earnings surprises [8]. Historical Performance - Brunswick has not been able to beat consensus EPS estimates in the last four quarters, with the most recent quarter showing a slight miss of -0.85% [12][13]. Conclusion - Brunswick does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].

METTAWA, Ill., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Dave Foulkes, Chief Executive Officer of Brunswick Corporation, has been named to Crain's Chicago Business 2025 Who's Who list for the second consecutive year. This prestigious annual feature highlights over 400 of Chicago's most influential leaders across diverse industries, including business, art, government, healthcare, cultural institutions, and nonprofits. Foulkes was one of just 12 distinguished leaders recognized in the Autos, Manufacturing, and Utili ...

Company Leadership and Recognition - Dave Foulkes, CEO of Brunswick Corporation, has been named to Crain's Chicago Business 2025 Who's Who list for the second consecutive year, recognized as one of 12 distinguished leaders in the Autos, Manufacturing, and Utilities sector [1] - Foulkes has been with Brunswick for nearly 20 years, playing a pivotal role in the company's growth and technological advancement, including leadership roles in technology and engineering at Mercury Marine and as Brunswick's Chief Technology Officer and President – Brunswick Marine Consumer Solutions [3] - Under Foulkes' leadership, Brunswick has evolved into the world's largest marine technology company, launching initiatives like the ACES strategy and Boating Intelligence strategy, which integrates AI-powered features into Brunswick products [4] Company Overview and Industry Position - Brunswick Corporation is the global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond, with a focus on technology-driven solutions and industry leadership [6] - The company is home to more than 60 industry-leading brands, including Mercury Marine, Mercury Racing, MerCruiser, and Flite in Marine Propulsion, and Boston Whaler, Lund, Sea Ray, and Bayliner in boat brands [6] - Brunswick also operates service, digital, and shared-access businesses like Freedom Boat Club and Boateka, and leverages its advanced technologies for mobile and industrial applications [6] Community and Corporate Engagement - Beyond professional accomplishments, Foulkes is committed to the community, serving as a trustee for the Shedd Aquarium in Chicago and as a member of the Board of Directors for Vontier [5] - Brunswick Corporation has been named America's Best Large Employers for 2024 by Forbes Magazine for the sixth consecutive year and has won over 100 awards across the enterprise for the third straight year [6]

Toronto, Ontario--(Newsfile Corp. - January 20, 2025) - Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it has completed phase one of exploration in New Brunswick. The preliminary exploration results on its New Brunswick properties are held in its subsidiary Gold Orogen (new Spin Co). Lode Gold confirms gold endowment in mineralized rhyolites in McIntyre Brook; the geology is consistent with the surrounding Puma/Kinross JV property. Due to positive gold ...

METTAWA, Ill., Jan. 20, 2025 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE:BC), the world's largest marine technology company, has been named to Forbes' inaugural 2025 list of America's Most Trusted Companies. Among the thousands of companies that were researched for this honor, only 300 made the final list. Brunswick ranked eighth within the Engineering and Manufacturing category. "We are honored to receive this recognition, particularly as it marks Forbes' inaugural release of this prestigious list," sa ...

METTAWA, Ill., Jan. 20, 2025 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), the world’s largest marine technology company, has been named to Forbes' inaugural 2025 list of America’s Most Trusted Companies. Among the thousands of companies that were researched for this honor, only 300 made the final list. Brunswick ranked eighth within the Engineering and Manufacturing category. “We are honored to receive this recognition, particularly as it marks Forbes' inaugural release of this prestigious list,” s ...