Company profile

Ticker
BC
Exchange
CEO
David M. Foulkes
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
360848180

BC stock data

(
)

Calendar

7 May 20
15 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 965.5M 917.6M 976.6M 1.16B
Net income 69M 67.1M -239.3M 77.5M
Diluted EPS 0.86 0.82 -2.82 0.89
Net profit margin 7.15% 7.31% -24.50% 6.66%
Operating income 103.2M 74.5M 119.7M 162.7M
Net change in cash 182.6M -45.9M -289.9M 494.6M
Cash on hand 502.9M 320.3M 366.2M 656.1M
Cost of revenue 721.7M 681M 699.7M 835.5M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 4.11B 4.12B 3.8B 4.49B
Net income -131M 265.3M 146.4M 276M
Diluted EPS -1.53 3.01 1.62 3
Net profit margin -3.19% 6.44% 3.85% 6.15%
Operating income 471M 355.5M 330.3M 479.5M
Net change in cash 25.9M -154.4M 26.4M -234.9M
Cash on hand 320.3M 294.4M 448.8M 422.4M
Cost of revenue 2.99B 3.07B 2.85B 3.26B

Financial data from Brunswick earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
17 Jun 20 Ryan M Gwillim Common Stock Grant Aquire A No 60.89 2,220 135.18K 9,722
17 Jun 20 Altman Randall S Common Stock Grant Aquire A No 60.89 2,870 174.75K 16,757
20 May 20 Dekker Christopher F Common Stock Gift Dispose G No 0 200 0 37,227
96.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 261 315 -17.1%
Opened positions 29 59 -50.8%
Closed positions 83 37 +124.3%
Increased positions 104 78 +33.3%
Reduced positions 78 124 -37.1%
13F shares
Current Prev Q Change
Total value 19.86B 14.41B +37.8%
Total shares 76.25M 75.02M +1.6%
Total puts 305.3K 52K +487.1%
Total calls 209.3K 58.5K +257.8%
Total put/call ratio 1.5 0.9 +64.1%
Largest owners
Shares Value Change
Vanguard 7.88M $278.58M +6.6%
BLK BlackRock 7.11M $251.35M -3.0%
Cantillon Capital Management 3.76M $133.05M +9.8%
Lazard Asset Management 3.35M $118.4M +29.1%
JPM JPMorgan Chase & Co. 3.18M $112.6M -6.4%
Lakewood Capital Management 3.06M $108.34M +6.8%
FMR 2.7M $95.52M -32.1%
Massachusetts Financial Services 2.23M $78.85M -5.0%
STT State Street 1.95M $68.96M -0.1%
Arrowstreet Capital, Limited Partnership 1.86M $65.96M +1.3%
Largest transactions
Shares Bought/sold Change
FMR 2.7M -1.28M -32.1%
Norges Bank 0 -973.25K EXIT
Lazard Asset Management 3.35M +755.02K +29.1%
Channing Capital Management 748.12K +564.91K +308.3%
BEN Franklin Resources 1.27M +539.05K +74.2%
PRU Prudential Financial 783.78K +517.22K +194.0%
Vanguard 7.88M +490.21K +6.6%
Scout Investments 425.54K +425.54K NEW
Nuveen Asset Management 1.19M +413.85K +53.6%
Schroder Investment Management 1.46M -389.29K -21.0%

Financial report summary

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Risks
  • Worldwide economic conditions significantly affect our industries and businesses, and economic decline can materially impact our financial results.
  • Failure to successfully implement our strategic plan and growth initiatives could have a material adverse effect on our business and financial condition.
  • Successfully managing our manufacturing activity is critical to our operating and financial results.
  • Changes in currency exchange rates can adversely affect our results.
  • Our success depends upon the continued strength of our brands.
  • Fiscal concerns and policy changes may negatively impact worldwide economic and credit conditions and adversely affect our industries, businesses, and financial condition.
  • Dealer or distributor inability to secure adequate access to capital could adversely affect our sales.
  • Our financial results could be adversely affected if we are unable to maintain effective distribution.
  • Adverse economic, credit, and capital market conditions could have a negative impact on our financial results.
  • Adverse weather conditions, climate events, or regulatory policies can have a negative effect on revenues.
  • Catastrophic events, including natural and environmental disasters, could have a negative effect on our operations and financial results.
  • Loss of key customers could harm our business.
  • Our business and operations are dependent on the expertise of our key contributors, our successful implementation of succession plans, and our ability to attract and retain management employees and skilled labor.
  • A significant portion of our revenue is derived from international sources, which creates additional uncertainty.
  • An impairment in the carrying value of goodwill, trade names, and other long-lived assets could negatively affect our consolidated results of operations and net worth.
  • Our business operations could be negatively impacted by an outage or breach of our information technology systems, operational technology systems, or a cybersecurity event.
  • We rely on third parties for computing, storage, processing, and similar services. Any disruption of or interference with our use of these third-party services could have an adverse effect on our business, financial condition, and operating results.
  • We collect, store, process, share, and use personal information, and rely on third parties that are not directly under our control to do so as well, which subjects us to legal obligations, laws and regulations related to security and privacy, and any actual or perceived failure to meet those obligations could harm our business.
  • Inventory reductions by major dealers, retailers, and independent boat builders could adversely affect our financial results.
  • We may be required to repurchase inventory or accounts of certain dealers.
  • Our financial results may be adversely affected by our third party suppliers' increased costs or inability to meet required production levels due to tariff impacts or defects or disruption of supply of raw materials, parts, and product components.
  • Higher energy and fuel costs can affect our results.
  • Either inadequate intellectual property protection that could allow others to use our technologies and impair our ability to compete, or failure to successfully defend against patent infringement claims could have a material adverse effect on our financial condition and results of operations.
  • We have a fixed cost base that can affect our profitability in a declining sales environment.
  • An inability to identify and complete targeted acquisitions could negatively impact financial results.
  • There can be no assurance that strategic divestitures or restructurings will provide business benefits.
  • The completed Fitness business separation could be disruptive to the business and our operations, and there can be no assurance that it will provide all of the anticipated business benefits.
  • The inability to successfully integrate acquisitions, including the Global Marine & Mobile Business of Power Products, could negatively impact financial results.
  • The franchise business model of Freedom Boat Club presents risks.
  • The timing and amount of our share repurchases are subject to a number of uncertainties.
  • Our profitability may suffer as a result of competitive pricing and other pressures.
  • Our ability to remain competitive depends on successfully introducing new products and services that meet customer expectations.
  • We manufacture and sell products that create exposure to potential claims and litigation.
  • Compliance with environmental, health, safety, zoning, and other laws and regulations may increase costs and reduce demand for our products.
  • Changes in income tax laws or enforcement could have a material adverse impact on our financial results.
  • Certain activist shareholder actions could cause us to incur expense and hinder execution of our strategy.
  • Some of our operations are conducted by joint ventures that are not operated solely for our benefit.
Management Discussion
  • Net sales decreased 8 percent during the first quarter of 2020 when compared with the same prior year period. Refer to the Propulsion, Parts and Accessories, and Boat segments for further details on the drivers of net sales changes.
  • Gross margin percentage decreased 130 basis points, in the first quarter of 2020 when compared with the same prior year period, reflecting the impacts of manufacturing suspensions and stay at home policies, unfavorable changes in foreign exchange rates, and tariffs, which were partially offset by favorable sales mix.
  • Selling, general and administrative expense (SG&A) decreased during the first quarter of 2020 when compared with the same prior year period. SG&A included purchase accounting amortization, acquisition and IT transformation-related costs, as applicable. Excluding these items, SG&A as a percentage of sales was lower in the first quarter of 2020 compared with the same prior year
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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Patents

GRANT
Utility
Tillers for outboard motors having reversible throttle grip direction
30 Jun 20
A tiller for an outboard motor has a throttle grip that is manually rotatable through first and second ranges of motion into and between an idle position in which the outboard motor is controlled at an idle speed, and first and second open-throttle positions, respectively, in which the outboard motor is controlled at an above-idle speed.
GRANT
Utility
Systems and methods for controlling planetary transmission arrangements for marine propulsion devices
30 Jun 20
Transmission systems and methods are for a marine propulsion device having an internal combustion engine that drives a propulsor.
GRANT
Utility
Marine propulsion systems and fuel filters for marine propulsion systems
30 Jun 20
A marine propulsion system includes an internal combustion engine; a fuel reservoir; a pump that pumps fuel from the fuel reservoir to the internal combustion engine; and a fuel filter that filters the fuel.
APP
Utility
Marine Propulsion Control System and Method with Collision Avoidance Override
25 Jun 20
A method of controlling propulsion of a marine vessel includes receiving proximity measurements from one or more proximity sensors on the marine vessel and limiting user input authority over propulsion output in a direction of an object by at least one propulsion device based on the proximity measurement so as to maintain the marine vessel at least a buffer distance from the object.
APP
Utility
Marine Propulsion Control System and Method with Proximity-Based Velocity Limiting
18 Jun 20
A propulsion control system on a marine vessel includes at least one propulsion device configured to propel the marine vessel and at least one proximity sensor system configured to generate proximity measurements describing a proximity of an object with respect to the marine vessel.