Core Insights - Brunswick Corporation has been recognized in the 2026 Forbes America's Best Companies list, highlighting its strength, innovation, and performance in the marine technology sector [1][2] - The recognition reflects the effectiveness of Brunswick's long-term strategy and the dedication of its global teams in delivering innovative products and experiences [2][3] Company Overview - Brunswick Corporation is the world's largest marine technology company, focusing on transforming experiences in marine recreation through technology-driven solutions [4] - The company operates over 60 industry-leading brands, including Mercury Marine, Boston Whaler, and Sea Ray, and has approximately 15,000 employees across more than 25 countries [4] Recognition and Awards - The Forbes America's Best Companies list evaluates organizations based on over 100 metrics across 11 categories, including financial performance and employee experience [2] - Brunswick has received multiple accolades for its culture, leadership, and innovation, including being named America's Best Large Employers for 2024 by Forbes for the sixth consecutive year [4]

North Carolina, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (“Off The Hook” and the “Company”) (NYSE American: OTH), a premier yacht and boat wholesaler specializing in the buying and selling of yachts and boats, today announced the closing of its initial public offering of 3,750,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $15,000,000, before deducting underwriting discounts and offering expenses. In addition, Off The Hook has granted the un ...

智通财经APP获悉，周四，Off the Hook YS(OTH.US)登陆美股市场，开盘股价跌超12%，报3.5美元， IPO价格为4美元。Off the Hook YS是一家主营游艇和船只的买卖批发公司，公司经营包括新船和二手船 的销售、融资服务、维修保养、资产回收等。 ...

Financial Data and Key Metrics Changes - Fiscal fourth quarter 2025 revenue increased 22% to $460 million compared to $378 million in the prior year period [10] - Full-year 2025 total revenue increased 6% to $1.9 billion, driven by a slight increase in units and higher average selling prices [12] - Net loss for fiscal year 2025 was $116 million, or $7.22 per diluted share, compared to a net loss of $6.39 per diluted share in the prior year [15] - Adjusted EBITDA for fiscal year 2025 was $70 million, with adjusted diluted earnings per share of $0.44 [15] Business Line Data and Key Metrics Changes - New boat sales in Q4 increased 27% to $275 million, while pre-owned sales increased 25% to $91 million [10] - Same-store sales for the year grew by 6%, outperforming the industry which saw a decline of over 13% [12] - Revenue from service parts and other sales for the quarter increased 7% to $81 million [10] Market Data and Key Metrics Changes - The company experienced a 6% same-store sales growth for the year, outperforming broader industry trends [4] - Inventory levels decreased to $540 million from $591 million in the prior year, reflecting strategic inventory positioning [15] Company Strategy and Development Direction - The company completed a strategic exit from discontinued brands to focus on high-performing brands, which is expected to improve margins in the long term [5] - The company aims to maintain a disciplined approach to inventory and cost management to adapt to market conditions [17] - The outlook for 2026 anticipates flat same-store sales, with total sales expected to range from $1.83 billion to $1.93 billion [16] Management's Comments on Operating Environment and Future Outlook - Management noted that industry conditions remain challenging, with retail demand normalizing from pandemic highs and increased promotional activity [4] - There are positive signs of improved channel inventories and normalizing OEM production, which could support demand and growth [6] - Management expressed cautious optimism for 2026, expecting demand to fluctuate with traditional seasonal cycles [16] Other Important Information - The company exited the year with the cleanest inventory levels seen in years, providing a competitive advantage [5] - The company has a total liquidity of over $67 million, including cash and credit facilities [15] Q&A Session Summary Question: Can you quantify the change in inventory year over year? - The company reported a decrease of approximately 8.5%, or $50 million, year over year [19] Question: What is the right assumption for inventory for fiscal 2026? - Inventory is expected to increase modestly due to price increases, with a headwind of around 5% from exiting brands [20] Question: What is the outlook for interest rate expenses in 2026? - Interest rate expenses are expected to be flattish to slightly up for floor plan interest, while term interest should decrease [22] Question: Have consumer rates started to come down in a meaningful way? - Consumer rates have started to decrease, contributing to positive sales momentum [26] Question: How much were sales up at the Fort Lauderdale boat show? - Sales were nearly up 20% compared to last year at the Fort Lauderdale boat show [29] Question: How do you see the promotional environment playing out in fiscal 2026? - The promotional environment is expected to remain stable until manufacturers increase production [35] Question: What is the current dynamic regarding trade-ins for pre-owned boats? - There has been an increase in trade-ins as consumers are opting to sell through dealerships rather than independently [40] Question: What is the company's approach to M&A in the current environment? - The company is focused on being disciplined regarding debt and is taking a methodical approach to potential M&A opportunities [42]

Core Viewpoint - Brunswick Corporation has initiated a tender offer to purchase up to $50 million of its 5.100% Senior Notes due 2052, indicating a strategic move to manage its debt obligations and optimize its capital structure [1][2]. Offer Details - The tender offer will expire at 5:00 p.m. Eastern Time on December 11, 2025, unless extended or terminated earlier by the company [2]. - Tenders can be withdrawn until 5:00 p.m. Eastern Time on November 25, 2025, unless extended [2]. - The total consideration for validly tendered notes will be determined based on a fixed spread over the yield of a specified U.S. Treasury Security, including an early tender premium of $50 per $1,000 principal amount [3][6]. Payment and Settlement - Payments for purchased notes will include accrued and unpaid interest, with the expected early settlement date being December 1, 2025, for notes tendered by the early tender deadline [5][7]. - The settlement date for notes tendered after the early tender deadline is expected to be December 15, 2025 [7]. Tender Conditions - Tenders must be in principal amounts of at least $2,000 and in multiples of $1,000 [4]. - The company reserves the right to adjust the tender cap, which may affect the total amount of notes purchased [10]. - The offer is not subject to a minimum tender condition, but may be subject to proration if the total tendered amount exceeds the tender cap [11][9]. Company Overview - Brunswick Corporation is a leader in marine recreation, offering a wide range of products and services across various brands, including Mercury Marine and Sea Ray [18]. - The company operates globally with approximately 15,000 employees and has been recognized for its workplace culture and innovation [19].

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Financial Data and Key Metrics Changes - Q1 net sales increased by $3.6 million, or 5.6% year-over-year, reaching $69 million [11] - Adjusted EBITDA rose to $6.7 million, compared to $3.8 million in the prior year, with an adjusted EBITDA margin of 9.7%, a 380 basis point improvement [12] - Adjusted net income for the quarter was $4.5 million, or $0.28 per diluted share, compared to $1.9 million, or $0.12 per share in the prior year [12] - Gross margin improved by 420 basis points to 22.3% due to strong cost management and favorable mix [11] Business Line Data and Key Metrics Changes - The MasterCraft segment is expected to see a retail decline of 5% to 10% for the year, despite Q1 performance exceeding expectations [5][21] - The pontoon segment showed operational improvements, with a well-received 2026 lineup and new product introductions [8][9] Market Data and Key Metrics Changes - Pipeline inventory levels improved by 27% year-over-year, indicating a balanced approach to dealer health [4] - Dealer inventory levels are aligned with expectations, and inventory turns are consistent with pre-COVID levels [5] Company Strategy and Development Direction - The company is focused on differentiated innovation and category leadership, highlighted by the launch of the new X family model, the X24 [7] - Strategic partnerships, such as with the World Wake Association, are aimed at enhancing brand presence and community engagement [8] - The company plans to ramp up production in the second half of the fiscal year to meet seasonal demand and support new product initiatives [15] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding interest rate cuts and their potential positive impact on the industry [5][30] - The company remains focused on long-term growth despite near-term uncertainties, with underlying trends moving in their favor [17] Other Important Information - The company ended the quarter with $67.3 million in cash and short-term investments, with no debt [12] - Over 100,000 shares were repurchased in Q1, totaling $2.3 million, reflecting confidence in the long-term outlook [13] Q&A Session Summary Question: Current marine consumer and retail trends - Management noted that while the industry is slightly down, they believe they are gaining market share due to new products and dealer growth [21][24] Question: Impact of dealer network changes on retail outlook - Management confirmed that changes to the dealer network are expected to help gain market share, which is included in the anticipated retail decline [25] Question: Retail cadence and interest rate impacts - Management indicated that they only embed already occurred rate cuts in their forecasts, with a positive outlook on the psychological benefits of lower rates for consumers [30] Question: M&A opportunities and leverage comfort level - Management emphasized maintaining a flexible balance sheet for capital allocation, including share buybacks and evaluating M&A opportunities [34]

Core Viewpoint - Curtiss-Wright Corporation reported strong financial results for Q3 2025, leading to an increase in full-year guidance for sales, operating income, and diluted EPS, driven by the successful implementation of its "Pivot to Growth" strategy [1][2]. Financial Performance - Reported sales reached $869 million, a 9% increase from Q3 2024, with operating income of $166 million, reflecting a 15% growth [3][5]. - Adjusted operating income was $170 million, up 14%, with an adjusted operating margin of 19.6%, an increase of 90 basis points [5][6]. - Diluted EPS increased to $3.31, with adjusted diluted EPS at $3.40, both up 14% year-over-year [5][6]. Segment Performance - **Aerospace & Industrial**: Sales of $248 million, up 8%, with operating income of $45 million, a 21% increase [4][11]. - **Defense Electronics**: Sales of $253 million, a 4% increase, with operating income of $74 million, up 16% [7][12]. - **Naval & Power**: Sales of $368 million, a 12% increase, with operating income of $58 million, up 9% [8][13]. Order and Backlog - New orders totaled $927 million, an 8% increase, resulting in a book-to-bill ratio of 1.1x [5][14]. - The backlog increased to $3.9 billion, reflecting a 14% growth year-to-date [5][14]. Cash Flow and Capital Allocation - Free cash flow for Q3 2025 was $176 million, an 8% increase, with a conversion rate of 137% [9][14]. - The company expanded its share repurchase program, targeting over $450 million in annual repurchases, indicating confidence in future performance [2][14]. Updated Guidance - Full-year 2025 sales guidance was raised to a range of $3,420 million to $3,455 million, reflecting a growth of 10% to 11% [15]. - Operating income guidance was increased to $634 million to $647 million, representing a growth of 16% to 19% [15]. - Diluted EPS guidance was updated to a range of $12.95 to $13.20, indicating a growth of 19% to 21% [15].

Core Insights - Brunswick Corporation's premium brands showed strong performance at the 2025 Fort Lauderdale International Boat Show, with unit sales and revenue increases across all boat brands and record Mercury Marine outboard share [1][2][3] - Mercury Marine achieved a record outboard share of 61% for all outboard engines and 76% for engines in the on-water portion of the show [2] - Combined unit sales for Boston Whaler, Sea Ray, and Navan increased by 6%, while revenue rose by 15% compared to the 2024 Show [2] - The SIMRAD AutoCaptain autonomous boating system was successfully demonstrated, attracting interest from OEMs and media [1][3] - CEO Dave Foulkes noted solid demand for premium and core products, with encouraging signals for 2026 as the external environment stabilizes [3] Company Overview - 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, including Mercury Marine, Boston Whaler, Sea Ray, and Flite, among others [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]

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