Brunswick Corporation Operations Update
June 22 2023 - 4:35PM
On June 13, Brunswick Corporation (NYSE: BC) reported an IT
security incident that impacted some of its systems and global
facilities. The Company activated its response protocols, which
included pausing operations in some locations, and engaging leading
security experts and law enforcement to assist.
Since that time, thanks to the hard
work of Brunswick’s IT and business teams, and our many outside
partners, Brunswick has made significant progress restoring the
functionality of its systems and restarting operations at
facilities where production or distribution was paused.
All primary Brunswick global
manufacturing and most distribution facilities are now operational,
with the remaining production and distribution facilities expected
to restart within a few business days. The respective teams
are working to ramp production and fulfill backorders across the
businesses. Given the proximity of the production and
distribution disruptions to the end of the second quarter, the
process of catching up lost production and fulfilling backorders
will continue through at least the third quarter. Brunswick
appreciates the patience and support of its customers during this
process.
About Brunswick
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 and
MerCruiser. Brunswick’s comprehensive collection of parts,
accessories, distribution, and technology brands includes Mercury
Engine Parts & Accessories, BLA and Land ‘N’ Sea. Our Navico
Group and its industry-leading technology brands consist of
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. In addition, 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
approximately 19,000 employees operating in 27 countries. In 2022,
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
third consecutive year. For more information,
visit www.Brunswick.com.
Forward-Looking
Statements
Certain statements in this
communication are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations about Brunswick’s
business and by their nature address matters that are, to different
degrees, uncertain. These forward-looking statements include our
statements regarding restarting operations as most facilities and
restoring systems.
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 communication. These risks
include, but are not limited to, the possibility that we may not be
able to restore the remaining affected systems and facilities
within the week.
Lee
Gordon —
Vice President – Corporate Communications, Public Relations & Public Affairs
M: (904) 860-8848 | O: (847) 735-4003
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