Brunswick Corporation Releases Fourth Quarter & Full Year 2021 Earnings

Rhea-AI Summary

Brunswick Corporation (NYSE: BC) announced its fourth quarter and full year 2021 financial results. The results detail the company's performance amidst various challenges, including supply chain disruptions and market conditions. A conference call will be held today to discuss the results in detail, providing insights from key executives. The press release contains forward-looking statements, highlighting risks that may impact future performance, such as economic conditions and operational challenges. For further information, the full press release is accessible on Brunswick's website.

Positive

• None.

Negative

• Supply chain disruptions affecting production and delivery.
• Risks related to economic conditions impacting consumer spending.
• Challenges in integrating acquisitions, specifically Navico, which may not yield expected synergies.

METTAWA, Ill., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC) today has released its fourth quarter and full year 2021 financial results. A complete and full-text financial results press release is available on the Company’s website at www.brunswick.com.  The results will also be available on the SEC’s website with the Form 8-K filing of the release at https://goo.gl/wJQN1.

The Company will hold a conference call today at 10 a.m. CST/ 11 a.m. EST hosted by David M. Foulkes, chief executive officer, Ryan M. Gwillim, executive vice president and chief financial officer and Brent G. Dahl, vice president of investor relations. 

The call will be broadcast over the Internet at www.brunswick.com. To listen to the call, go to the website at least 15 minutes before the call to register, download and install any needed audio software.

See Brunswick’s website for slides used to supplement conference call remarks at www.brunswick.com/investors. 

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.

A replay of the conference call will be available through 1pm CST Thursday February 3, 2022, by calling 877-660-6853 or 201-612-7415 (Access ID: 13726021). The replay also will be available at www.brunswick.com/investors.

About Brunswick

Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and SmartCraft electronics; Advanced Systems Group, which includes industry-leading brands such as Simrad, Lowrance, C-MAP, B&G, MotorGuide, Attwood, Mastervolt, RELiON, Blue Sea Systems, CZone, and ASG Connect system integrators; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine, and Lankhorst Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Freedom Boat Club, Boateka, Boating Services Network, and Boat Class.  For more information, visit 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 policy concerns; adverse economic, credit, and capital market conditions; higher energy and fuel costs; competitive pricing pressures; the coronavirus (COVID-19) pandemic and the emergence of variant strains; managing our manufacturing footprint; adverse weather conditions, climate change events and other catastrophic event risks; international business 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; loss of key customers; actual or anticipated increases in costs, disruptions of supply, or defects in raw materials, parts, or components we purchase from third parties, including as a result of pressures due to the pandemic; supplier manufacturing constraints, increased demand for shipping carriers, and transportation disruptions; absorbing fixed costs in production; risks associated with joint ventures that do not operate solely for our benefit; our ability to successfully implement our strategic plan and growth initiatives; our ability to integrate acquisitions, including Navico, and the risk for associated disruption to our business; the risk that unexpected costs will be incurred in connection with the Navico transaction or the possibility that the expected synergies and value creation from the transaction will not be realized or will not be realized within the expected time period; 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 strategic divestitures will not provide business benefits; maintaining effective distribution; adequate financing access for dealers and customers; 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 could 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 and 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.

FAQ

What were Brunswick Corporation's fourth quarter results for 2021?

Brunswick Corporation's fourth quarter results for 2021 will be detailed during the conference call following the press release.

When is the conference call for Brunswick's financial results?

The conference call for Brunswick's financial results is scheduled for today at 10 a.m. CST/11 a.m. EST.

What risks did Brunswick highlight in their press release?

Brunswick highlighted risks including supply chain disruptions, economic conditions affecting consumer spending, and challenges in integrating their Navico acquisition.

Where can I find the full financial results for Brunswick Corporation?

The complete financial results for Brunswick Corporation can be found on their official website.