Brunswick Corporation (NYSE: BC), today, released its first 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. CST/ 11 a.m.
EST, today, Thursday, April 25, 2024, hosted by David M. Foulkes,
chief executive officer, Ryan M. Gwillim, executive vice president
and chief financial and strategy officer and Neha Clark, senior
vice president, enterprise finance. A copy of the
presentation to be used on this call will be available when the
results are released as noted above.
Security analysts and investors wishing to participate via
telephone should call 877-900-9524 (No Password Needed).
Callers outside of North America should call 412-902-0029 (No
Password Needed) to be connected. These numbers can be
accessed 15 minutes before the call begins, as well as during the
call.
To listen via the Internet, go to
www.brunswick.com/investors. Please go to the website at least 15
minutes before the call to register, download and install any
needed audio software.
A replay of the conference call will be available
through 1pm CST Thursday May 2, 2024, by calling 877-660-6853 or
201-612-7415 (Access ID: 13745630). The replay also will be
available at www.brunswick.com/investors.
About Brunswick Corporation:
Brunswick Corporation (NYSE: BC) is the global
leader in marine recreation, delivering innovation that transforms
experiences on the water and beyond. Our unique,
technology-driven solutions are informed and inspired by deep
consumer insights and powered by our belief that “Next Never
Rests™”. Brunswick is dedicated to industry leadership, to being
the best and most trusted partner to our many customers, and to
building synergies and ecosystems that enable us to challenge
convention and define the future. Brunswick is home to more than 60
industry-leading brands. In the category of Marine Propulsion,
these brands include, Mercury Marine, Mercury Racing, MerCruiser,
and Flite. Brunswick’s comprehensive collection of parts,
accessories, distribution, and technology brands includes Mercury
Parts & Accessories, Land ‘N’ Sea, Lowrance, Simrad, B&G,
Mastervolt, RELiON, Attwood and Whale. Our boat brands are some of
the best known in the world, including Boston Whaler, Lund, Sea
Ray, Bayliner, Harris Pontoons, Princecraft and Quicksilver. Our
service, digital and shared-access businesses include Freedom Boat
Club, Boateka and a range of financing, insurance, and extended
warranty businesses. While focused primarily on the marine
industry, Brunswick also successfully leverages its portfolio of
advanced technologies to deliver an exceptional suite of solutions
in mobile and industrial applications. Headquartered in
Mettawa, IL, Brunswick has 17,000 employees operating in 25
countries. In 2023, Brunswick was named by Forbes as a World’s Best
Employer and as one of America’s Most Responsible Companies by
Newsweek, both for the fourth consecutive year. For more
information, visit www.Brunswick.com.
Forward-Looking Statements
Certain statements in this news release are
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based
on current expectations, estimates, and projections about
Brunswick’s business and by their nature address matters that are,
to different degrees, uncertain. Words such as “may,” “could,”
“should,” “expect,” "anticipate," "project," "position," “intend,”
“target,” “plan,” “seek,” “estimate,” “believe,” “predict,”
“outlook,” and similar expressions are intended to identify
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve certain risks and
uncertainties that may cause actual results to differ materially
from expectations as of the date of this news release. These risks
include, but are not limited to: the effect of adverse general
economic conditions, including rising interest rates, and the
amount of disposable income consumers have available for
discretionary spending; changes in currency exchange rates; fiscal
and monetary policy changes; adverse capital market conditions;
competitive pricing pressures; higher energy and fuel costs;
managing our manufacturing footprint and operations; loss of key
customers; international business risks, geopolitical tensions or
conflicts, sanctions, embargoes, or other regulations; actual or
anticipated increases in costs, disruptions of supply, or defects
in raw materials, parts, or components we purchase from third
parties; supplier manufacturing constraints, increased demand for
shipping carriers, and transportation disruptions; adverse weather
conditions, climate change events and other catastrophic event
risks; our ability to develop new and innovative products and
services at a competitive price; our ability to meet demand in a
rapidly changing environment; absorbing fixed costs in production;
public health emergencies or pandemics, such as the coronavirus
(COVID-19) pandemic; risks associated with joint ventures that do
not operate solely for our benefit; our ability to successfully
implement our strategic plan and growth initiatives; attracting and
retaining skilled labor, implementing succession plans for key
leadership, and executing organizational and leadership changes;
our ability to integrate acquisitions and the risk for associated
disruption to our business; our ability to identify,
complete, and integrate targeted acquisitions; the risk that
restructuring or strategic divestitures will not provide business
benefits; maintaining effective distribution; dealers and customers
being able to access adequate financing; inventory reductions by
dealers, retailers, or independent boat builders; requirements for
us to repurchase inventory; risks related to the Freedom Boat Club
franchise business model; outages, breaches, or other cybersecurity
events regarding our technology systems, which have affected and
could further affect manufacturing and business operations and
could result in lost or stolen information and associated
remediation costs; our ability to protect our brands and
intellectual property; changes to trade policy and tariffs; an
impairment to the value of goodwill and other assets; product
liability, warranty, and other claims risks; legal, environmental,
and other regulatory compliance, including increased costs, fines,
and reputational risks; changes in income tax legislation or
enforcement; managing our share repurchases; and risks associated
with certain divisive shareholder activist actions.
Additional risk factors are included in the
Company’s Annual Report on Form 10-K for 2023 and in subsequent
Quarterly Reports on Form 10-Q. Forward-looking statements speak
only as of the date on which they are made, and Brunswick does not
undertake any obligation to update them to reflect events or
circumstances after the date of this news release.
Lee
Gordon —
Vice President – Corporate Communications, Public Relations & Public Affairs
M: (904) 860-8848 | O: (847) 735-4003
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