Brunswick Corporation Releases Second Quarter 2024 Earnings via Investing.com
METTAWA, Ill., July 25, 2024 (GLOBE NEWSWIRE) — Brunswick Corporation (NYSE: NYSE: ), today, released its financial results for the second quarter of 2024. The complete and full-text financial results press release is available on the Company's website at Results will also be available on the SEC's website with the filing of a Form 8-K release at.
The company will hold a conference call at 10 am CDT/ 11 am EDT, today, Thursday, April 25, 2024, hosted by David M. Foulkes, chief executive officer, Ryan M. Gwillim, vice president and chief financial officer and Neha Clark, senior vice president , corporate finance. A copy of the presentation to be used in this call will be available when the results are released as stated above.
Securities analysts and investors wishing to participate by telephone should call 877-900-9524 (No Password Required). Callers outside of North America should dial 412-902-0029 (No Password Required) to connect. These numbers can be accessed up to 15 minutes before the call starts, as well as during the call.
To listen online, visit www.brunswick.com/investors. Please go to the website at least 15 minutes before the call to register, download and install any necessary audio software.
A replay of the conference call will be available at 1pm CDT on Thursday August 1, 2024, by calling 877-660-6853 or 201-612-7415 (Access ID: 13747526). Replays will be available at www.brunswick.com/investors.
About Brunswick Corporation:
Brunswick Corporation (NYSE: BC) is a world leader in marine recreation, delivering innovations that transform experiences on the water and beyond. Our unique, technology-driven solutions are informed and driven by a deep understanding of consumers and powered by our belief that Next Never Rests™. Brunswick is dedicated to industry leadership, being the best and most reliable partner to our many customers, and building synergies and ecosystems that enable us to challenge and define the future. Brunswick is home to over 60 industry-leading brands. In the Marine Propulsion category, these brands include, Mercury Marine, Mercury Racing, MerCruiser, and Flite. Brunswick's comprehensive collection of parts, accessories, distribution, and technical products includes Mercury Parts & Accessories, Land ˜N' Sea, Lowrance, Simrad, B&G, Mastervolt, RELiON, Attwood and Whale. Our boat brands are some of the most recognized in the world, including Boston Whaler, Lund, Sea Ray, Bayliner, Harris Pontoons, Princecraft and Quicksilver. Our service, digital and sharing businesses include Freedom Boat Club, Boateka and a range of financing, insurance, and extended warranty businesses. Although primarily focused on the marine industry, Brunswick also successfully leverages its advanced technology portfolio to deliver unique solutions for 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 year in a row. 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 assumptions about Brunswick's business and by their nature address matters that, to varying degrees, are uncertain. Words such as, may, should, expect, “anticipate,” “project,” “position,” intend, direct, plan, seek, estimate, believe, predict, forecast 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 could cause actual results to differ materially from expectations as of the date of the news release. These risks include, but are not limited to: the impact of adverse economic conditions, including rising interest rates, and the amount of disposable income consumers have for discretionary spending; changes in exchange rates; monetary and fiscal policy changes; adverse capital market conditions; competitive pricing pressures; high energy and fuel costs; manage our production and operations; loss of valuable customers; international business risks, political tensions or conflicts, sanctions, embargoes, or other laws; actual or anticipated cost increases, supply disruptions, or deterioration of raw materials, parts, or components that we purchase from third parties; supplier productivity constraints, increased demand for shipping carriers, and transportation disruptions; adverse weather conditions, climate change events and other catastrophic events; 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 related to joint ventures that do not operate solely for our benefit; our ability to successfully implement our strategy and growth plans; attracting and retaining talented employees, implementing strategic leadership succession plans, and implementing organizational and leadership changes; our ability to manage acquisitions and disruption risks related to our business; our ability to identify, complete, and integrate acquisition targets; the risk that restructuring or strategic divestitures may not provide business benefits; maintaining effective distribution; vendors and customers are able to get enough money; inventory reductions by dealers, brokers, or private boat builders; requirements for us to repurchase inventory; risks related to the Freedom Boat Club franchise business model; outages, breaches, or other cyber security incidents related to our technical systems, which have affected and may further impact production and business operations and may result in information loss or theft and associated repair costs; our ability to protect our products and intellectual property; changes in trade policy and tariffs; impairment in value of goodwill and other assets; product liability, warranty, and other claims risks; regulatory, environmental, and other regulatory compliance, including increased costs, penalties, and reputational risks; changes in income tax law or enforcement of the law; to control our re-sharing; and the risks associated with certain shareholder activist actions that dissociate.
Additional risk factors are included in the Company's 2023 Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date 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.
LeeGordon ”Vice President “ Corporate Communications, Public Relations & Public AffairsM: (904) 860-8848 | O: (847) 735-4003
Source: Brunswick Corporation
