Brunswick Corporation Reports Fourth Quarter and Full Year 2021 Results

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

The Company will host a conference call today at 10:00 a.m. CST/11:00 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 investor relations.

The call will be webcast 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 necessary audio software.

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

Securities analysts and investors wishing to participate by telephone should call 877-900-9524 (no password required). Callers outside of North America must call 412-902-0029 (no password required) to be connected. These numbers are accessible 15 minutes before the start of the call, as well as during the call.

A replay of the conference call will be available until 1:00 p.m. CST on Thursday, February 3, 2022, by calling 877-660-6853 or 201-612-7415 (Access ID: 13726021). The replay will also be available on www.brunswick.com/investors.

About Braunschweig

Based in Mettawa, Illinois, Brunswick Corporation’s leading consumer brands include Mercury Marine outboard motors; Mercury MerCruiser sterndrive and inboard sets; Mercury Global Parts and Accessories, including SmartCraft propellers and 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 systems integrators ASG Connect; Distribution of Land ‘N’ Sea, BLA, Payne’s Marine, Kellogg Marine and Lankhorst Taselaar marine parts; 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, Boateka, Boating Services Network and Boat Class. For more information, visit brunswick.com.

Forward-looking statements

Certain statements in this press 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, deal with issues that are, to varying degrees, uncertain. Words such as “may”, “could”, “should”, “expect”, “anticipate”, “project”, “position”, “intend”, “target”, “plan” , “seeks”, “estimates”, “believes”, “predicts”, “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 press release. These risks include, but are not limited to: the effect of adverse general economic conditions, including the amount of disposable income available to consumers for discretionary spending; changes in exchange rates; fiscal policy concerns; adverse economic, credit and financial market conditions; higher energy and fuel costs; competitive pricing pressures; the coronavirus (COVID-19) pandemic and the emergence of variant strains; manage our manufacturing footprint; adverse weather conditions, events related to climate change and other risks of catastrophic events; 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 cost increases, supply disruptions, or defects in raw materials, parts, or components we purchase from third parties, including due to pandemic pressures; supplier manufacturing constraints, increased demand from ocean carriers and transportation disruptions; absorb fixed production costs; 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 of associated disruption to our business; the risk that unexpected costs may be incurred in connection with the Navico transaction or the possibility that the synergies and value creation expected from the transaction may not be realized or may not be realized within the expected time frame; attracting and retaining a skilled workforce, implementing succession plans for key executives and executing organizational and leadership changes; our ability to identify, complete and integrate targeted acquisitions; the risk that strategic divestitures will not provide commercial benefits; maintain efficient distribution; adequate access to financing 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 involving our technology systems, which could affect manufacturing and business operations and could result in the loss or theft of information and associated remediation costs; our ability to protect our brands and intellectual property; changes in US sales policy and pricing; any impairment in 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 law or administration; manage our share buybacks; and the risks associated with some divisive shareholder activism.

Lee Gordon
Vice President – Brunswick Global Communications & Public Affairs
Brunswick Office: 847-735-4003
Cell: 904-860-8848
[email protected]

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Source: Brunswick Society

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