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UPDATE: Brunswick Corporation Schedules 2025 Third Quarter Earnings Conference Call
Globenewswire· 2025-10-02 14:27
Core Viewpoint - Brunswick Corporation is set to release its third quarter financial results for 2025 on October 23, 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 announced through an advisory release, with complete details accessible on the company's investor relations website [1]. - A conference call will be held on October 23, 2025, at 10 a.m. CT / 11 a.m. ET, featuring key executives including the CEO and CFO [2]. Conference Call Details - The conference call can be accessed via telephone or webcast, with specific numbers provided for participants in North America and internationally [3]. - A replay of the conference call will be available until 1 p.m. CST on October 31, 2025, through designated phone numbers and the company's investor website [4]. Company Overview - Brunswick Corporation is a leader in marine recreation, offering innovative solutions and technology-driven products across various brands, including Mercury Marine and Boston Whaler [5]. - The company operates in 26 countries with approximately 14,500 employees and has received multiple awards for its workplace culture and industry leadership [5].
Brunswick Corporation Schedules 2025 Third Quarter Earnings Conference Call
Globenewswire· 2025-10-02 10:00
Core Viewpoint - Brunswick Corporation is set to release its third quarter financial results for 2025 on October 23, 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 announced via an advisory release, with complete results accessible on the company's investor relations website [1]. - A conference call will be held on October 23, 2025, at 10 a.m. CT / 11 a.m. ET, featuring key executives including the CEO and CFO [2]. Conference Call Details - The conference call can be accessed via telephone or webcast, with specific numbers provided for participants in North America and internationally [3][4]. - A replay of the conference call will be available until October 31, 2025, through designated phone numbers and the company's investor website [4]. Company Overview - Brunswick Corporation is a leader in marine recreation, offering innovative solutions and operating over 60 industry-leading brands, including Mercury Marine and Boston Whaler [5]. - The company employs approximately 14,500 people across 26 countries and has received multiple awards, including being named America's Best Large Employers for 2024 by Forbes Magazine [5].
India holds rates steady at 5.5% in line with forecast as inflation cools
CNBC· 2025-10-01 04:45
Group 1: Monetary Policy and Economic Outlook - The Reserve Bank of India (RBI) maintained its policy rate at 5.5%, aligning with economists' expectations [1] - Inflation has moderated significantly in the first quarter, but growth may decelerate in the second half of the financial year due to global trade uncertainties [2] - The RBI had an opportunity to cut interest rates to stimulate growth, especially after inflation data undershot the target band of 2% to 6% [2] Group 2: Impact of U.S. Tariffs - The U.S. imposed an additional 25% tariff on Indian imports, raising total duties to as high as 50%, significantly affecting sectors like textiles, gems, jewelry, and marine products [3] - Exports to the U.S. account for approximately 2% of India's GDP, with labor-intensive sectors facing potential job losses due to deteriorating business conditions [3] Group 3: Government Response and Domestic Consumption - To mitigate the impact of U.S. tariffs, the Indian government reduced the goods and services tax (GST) on several items to boost domestic demand ahead of the festive season [4] - India's domestic consumption constitutes over 60% of GDP, making it less reliant on exports, and the GST cuts are expected to alleviate the effects of U.S. tariffs [5] - Goldman Sachs raised its real GDP growth forecast for India to 7.1% for calendar year 2025 and 6.7% for fiscal year 2026, following a better-than-expected GDP growth of 7.8% in the June quarter [5]
Nautical Ventures Expands Electric Division with Exclusive Taiga Personal Watercraft Distribution in Florida
Accessnewswire· 2025-09-29 20:10
FORT LAUDERDALE, FLORIDA / ACCESS Newswire / September 29, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR), a company at the forefront of high-voltage electric propulsion and supported by an award-winning retail network, today announced that its wholly owned subsidiary, Nautical Ventures Group ("Nautical Ventures"), has completed a distribution agreement with Taiga Motors Inc. ("Taiga") to serve as the exclusive dealer and authorized service provider for Taiga's electric personal watercraft in major Fl ...
Malibu Boats (NasdaqGM:MBUU) 2025 Earnings Call Presentation
2025-09-25 14:00
▼ MALIBU BOATS, INC." Leading the Future of Marine INVESTOR DAY September 2025 Forward Looking Statements This presentation includes froward-looking statements (as such term is defined in the Pivate Securities Litigation Reform Act of 1995). Forward-looking statements can be i and phrases as "believes," "anticipates," "oкpects," "ntends," "will," "should," continue" and similar expressions, comparable terminology or the negative thereof, and inc statements in this presentation regardingt future events, pote ...
Brunswick Corporation Named Among World's Most Trustworthy Companies by Newsweek for Third Consecutive Year
Globenewswire· 2025-09-04 10:00
Core Insights - Brunswick Corporation has been recognized as one of the World's Most Trustworthy Companies by Newsweek for the third consecutive year, reflecting its commitment to enhancing employee experiences, strengthening customer loyalty, and earning investor confidence [1][2] Company Recognition - The recognition from Newsweek highlights Brunswick's dedication to being a trusted business, employer, and partner, as stated by CEO Dave Foulkes [2] - The list was compiled through a survey of 65,000 people across 20 countries, evaluating elements related to customer, investor, and employee trust, with 1,000 companies making the final list [2] Awards and Achievements - Brunswick has received several national awards this year, emphasizing its commitment to employee and customer satisfaction [3] - In 2024, Brunswick was named America's Best Large Employers for the sixth consecutive year by Forbes Magazine and has won over 100 awards across the enterprise for the third straight year [4] Company Overview - Brunswick Corporation is a global leader in marine recreation, delivering innovative technology-driven solutions informed by consumer insights [4] - The company operates over 60 industry-leading brands, including Mercury Marine and Boston Whaler, and has approximately 14,500 employees in 26 countries [4]
X @Bloomberg
Bloomberg· 2025-08-26 03:54
Industry Dynamics - Canada is increasing defense spending [1] - Thyssenkrupp Marine of Germany is a key bidder for a multi-billion dollar submarine contract [1] Company Activities - Mark Carney is scheduled to visit Thyssenkrupp Marine [1]
Mercury Marine Captures 50% Share of Outboards on display at Sydney International Boat Show
Globenewswire· 2025-08-14 17:00
Company Overview - Mercury Marine, a division of Brunswick Corporation, is the world's leading manufacturer of recreational marine propulsion engines [4] - The company provides a wide range of products including engines, boats, services, and parts for various marine applications [4] Event Highlights - At the Sydney International Boat Show, Mercury Marine accounted for 50% of all outboard engines on display, showcasing more than double the number of outboards compared to its nearest competitor [1] - The show has been split into two distinct events for the first time, with an indoor exhibition followed by a traditional on-water show in November [2] Market Position and Strategy - Mercury Marine's strong presence at the indoor show reinforces its position as a preferred power partner for boat builders and dealers, highlighting the brand's innovation, reliability, and performance [3] - The company's ability to adapt to evolving show formats and consumer preferences is reflected in its popularity and market momentum in the Southern Hemisphere's boating market [3]
Twin Vee PowerCats (VEEE) - 2025 Q2 - Earnings Call Transcript
2025-08-07 17:00
Financial Data and Key Metrics Changes - Revenues for the second quarter reached $4,800,000, representing a 9.9% increase compared to Q2 of the previous year [5] - Gross margin improved to 13.8%, an increase of over 900 basis points from the same period in 2024 [5] - Cash, cash equivalents, and restricted cash increased to $6,200,000, reflecting disciplined cash management [6][22] - Operating expenses decreased to $2,300,000, down 52% from $4,900,000 a year ago [21] - Net loss for the quarter was $1,700,000, a 63% improvement compared to the previous year [21] Business Line Data and Key Metrics Changes - The company shipped a total of 31 units in the second quarter, a sequential increase of 29% compared to the previous quarter [20] - The introduction of the new 22-foot Baycat model is expected to play a significant role in future sales [24] Market Data and Key Metrics Changes - The marine industry continues to face economic pressures, but the company has managed to maintain solid results [5] - The used boat market remains robust, impacting new boat sales [14] Company Strategy and Development Direction - The acquisition of Bahama Boat Works enhances the product portfolio and market presence, adding premium vessels to the lineup [23] - The company is focused on optimizing operations, investing in innovation, and expanding its portfolio through strategic acquisitions [17] - The launch of Whizbanger aims to streamline the boat marketplace, providing transparency and efficiency [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current market challenges and emphasized a focus on cost control, margins, and dealer support [7][17] - The company aims to position itself for sustainable growth and long-term shareholder value through disciplined execution [17] Other Important Information - The company has reduced field inventory from nearly 160 units to approximately 50 [8] - A new five-axis router has been delivered, enhancing manufacturing capabilities and operational efficiency [13] Q&A Session Summary - There were no questions during the Q&A session [25]
Garmin's Q2 Earnings Beat Expectations, Revenues Increase Y/Y
ZACKS· 2025-07-31 16:36
Core Insights - Garmin Ltd. reported second-quarter 2025 pro forma earnings of $2.17 per share, exceeding the Zacks Consensus Estimate by 10.7%, and showing a 37% year-over-year improvement [1] - Net sales reached $1.81 billion, surpassing the Zacks Consensus Estimate by 4.4%, and increased by 20% compared to the same quarter last year [1] - The growth in net sales was driven by strong performance across the Outdoor, Fitness, Aviation, Marine, and Auto OEM segments [1] Segment Performance - **Outdoor Segment**: Contributed 27% of net sales with $490.4 million, an 11% year-over-year increase, primarily due to strong adventure watch sales. Operating income was $158 million with a 32% margin [2] - **Fitness Segment**: Accounted for 33.4% of sales, generating $605.4 million, reflecting a 41% year-over-year increase driven by demand for advanced wearables. Operating income was $198 million with a 33% margin [3] - **Aviation Segment**: Made up 13.7% of sales with $249.4 million, a 14% year-over-year increase, supported by OEM and aftermarket products. Operating income was $63 million with a 25% margin [4] - **Marine Segment**: Contributed 16.5% of sales at $299.3 million, up 10% year-over-year, led by chartplotters. Operating income was $63 million with a 21% margin [5] - **Auto OEM Segment**: Generated $170.2 million in sales, marking a 16% year-over-year increase, but reported an operating loss of $10 million with a 6% gross margin [6] Financial Overview - Gross profit increased by 24% year-over-year to $1.07 billion, with a gross margin improvement of 150 basis points to 58.8% [7] - Operating expenses rose 14% year-over-year to $595 million, while operating income increased by 38% to $472.3 million, with an operating margin expansion of 330 basis points to 26% [7] - As of June 28, 2025, Garmin held $2.59 billion in cash and marketable securities, down from $2.67 billion in the previous quarter [8] Guidance Update - Garmin raised its 2025 revenue guidance to $7.1 billion from $6.85 billion, indicating an 8.7% year-over-year increase [10] - Pro forma EPS guidance was increased to $8.00 from $7.80, reflecting a 7.9% year-over-year increase [11] - The company expects a gross margin of 58.5% and an operating margin of 24.8% for 2025, with an effective tax rate forecast raised to 17.5% [11]