Brunswick Corporation (NYSE: BC), today, released its third quarter
2023 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. CDT/ 11 a.m.
EDT, today, October 26, 2023, hosted by David M. Foulkes, chief
executive officer, Ryan M. Gwillim, executive vice president and
chief financial 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 November 2, 2023, by calling 877-660-6853 or
201-612-7415 (Access ID: 13741706). 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 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 18,000 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 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 the amount
of disposable income consumers have available for discretionary
spending; changes in currency exchange rates; fiscal and monetary
policy changes; higher energy and fuel costs; competitive pricing
pressures; adverse capital market conditions; 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; managing our
manufacturing footprint; international business risks, geopolitical
tensions or conflicts, sanctions, embargoes, or other regulations;
public health emergencies or pandemics, such as the coronavirus
(COVID-19) pandemic; 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;
loss of key customers; our ability to meet demand in a rapidly
changing environment; absorbing fixed costs in production; risks
associated with joint ventures that do not operate solely for our
benefit; our ability to integrate acquisitions, including Navico,
and the risk for associated disruption to our business; 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 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; requirements for us to
repurchase inventory; inventory reductions by dealers, retailers,
or independent boat builders; 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 U.S. trade policy and tariffs;
any 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 2022 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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