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; Power Products Integrated Solutions; MotorGuide trolling motors; Attwood, Garelick, and Whale marine parts; 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; Boating Services Network, Freedom Boat Club, NAUTIC-ON, OnBoard Boating Club and Rentals.

Company profile
Ticker
BC, BC+A, BC+B, BC+C
Exchange
Website
CEO
David Foulkes
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Advanced Systems Group EMEA B.V. • Attwood Corporation • Aus Holdco Pty Limited • B.E.P. Marine Limited • Boston Whaler, Inc. • Brunswick Boat Club Holdings, LLC • Brunswick Compañías de México, S.A. de C.V. • Brunswick EMEA Holding B.V. • Brunswick Family Boat Co. Inc. • Brunswick Financial Services Corporation ...
IRS number
360848180
BC stock data
News

8 Analysts Have This to Say About Brunswick
21 Jun 22
JP Morgan Maintains Overweight on Brunswick, Lowers Price Target to $115
21 Jun 22
B. Riley Securities Maintains Buy on Brunswick, Lowers Price Target to $101
21 Jun 22
Brunswick Expects Freedom Boat Club To Surpass 50K Memberships
6 Jun 22
Brunswick Says Freedom Boat Club Expected To Surpass 50K Memberships This Week
6 Jun 22
Press releases
Brunswick Corporation Named a 2022 Adobe Experience Maker Awards Finalist for Innovating Impactful Digital Customer Experiences
10 Jun 22
Brunswick Corporation to Present at the Baird 2022 Consumer, Technology and Services Conference
8 Jun 22
Freedom Boat Club Expansion Further Accelerates Growth of Brunswick's Recurring Revenue Businesses
6 Jun 22
Brunswick Corporation names Neha Clark Senior Vice President, Enterprise Finance & Brent Dahl CFO, Brunswick Boat Group
9 May 22
Brunswick Corporation Declares Quarterly Dividend
4 May 22
Analyst ratings and price targets
Current price
Average target
$108.57
Low target
$96.00
High target
$123.00
JP Morgan
Maintains
$115.00
B. Riley Securities
Maintains
$101.00
Keybanc
Maintains
$100.00
Raymond James
Maintains
$123.00
RBC Capital
Maintains
$119.00
DA Davidson
Initiated
$96.00
Citigroup
Maintains
$106.00
Calendar
10 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Apr 22 | Dec 21 | Oct 21 | Jul 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 692.3M | 692.3M | 692.3M | 692.3M | 692.3M | 692.3M |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 47.3M | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 132.89M | n/a |
Cash remaining | n/a | n/a | n/a | n/a | 559.41M | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | 11.8 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Jun 22 | Altman Randall S | Common Stock | Payment of exercise | Dispose F | No | No | 71.94 | 554 | 39.85K | 18,293 |
3 Jun 22 | Ryan M Gwillim | Common Stock | Payment of exercise | Dispose F | No | No | 71.94 | 416 | 29.93K | 20,143 |
31 May 22 | Ryan M Gwillim | Common Stock | Discretionary | Acquire I | Yes | No | 75.23 | 1,516 | 114.05K | 4,573 |
27 May 22 | Dekker Christopher F | Common Stock | Discretionary | Acquire I | Yes | No | 75.63 | 1,180 | 89.24K | 3,079 |
6 May 22 | David M Foulkes | Common Stock | Sale back to company | Dispose D | No | Yes | 78.38 | 19,000 | 1.49M | 186,432 |
Institutional ownership, Q1 2022
93.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 410 |
Opened positions | 57 |
Closed positions | 83 |
Increased positions | 150 |
Reduced positions | 138 |
13F shares | Current |
---|---|
Total value | 5.78B |
Total shares | 71.15M |
Total puts | 203.4K |
Total calls | 165.9K |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 7.31M | $591.61M |
BLK Blackrock | 6.43M | $519.84M |
Cantillon Capital Management | 4.12M | $333.49M |
Massachusetts Financial Services | 2.68M | $216.92M |
JPM JPMorgan Chase & Co. | 2.13M | $172.6M |
STT State Street | 2.12M | $171.61M |
American Century Companies | 2M | $161.81M |
Kensico Capital Management | 1.75M | $141.56M |
TimesSquare Capital Management | 1.34M | $108.48M |
Lakewood Capital Management | 1.31M | $105.87M |
Financial report summary
?Competition
Marine ProductsRisks
- Adverse capital market conditions could have a negative impact on our financial results.
- Successfully managing our manufacturing activity is critical to our operating and financial results.
- Failure to successfully implement our strategic plan and growth initiatives could have a material adverse effect on our business and financial condition.
- 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.
Management Discussion
- (A)Gross margin is defined as Net sales less Cost of sales as presented in the Condensed Consolidated Statements of Comprehensive Income.
- Net sales increased 18 percent during the first quarter of 2022 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 60 basis points in the first quarter of 2022 when compared with the same prior year period, with inflationary pressures and supply chain inefficiencies more than offsetting increased sales across all segments.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
accessible, added, ASC, assumed, ASU, Brazilian, build, building, cessation, Codification, collectively, conflict, coupled, Crimea, cultivated, decision, deductible, dislocation, disputed, FASB, Flagler, freshwater, geopolitical, grew, holding, inflationary, interbank, issuance, January, krona, layer, London, Lowrance, MaryAnn, method, monetary, northern, occurred, offsett, Overnight, persistent, posted, prime, pullback, real, recreational, Russia, Simrad, slower, SOFR, software, Southeast, spectrum, standard, statutory, Swedish, Ukraine, Wright
Removed:
absorption, advantage, affecting, automation, Canada, Chinese, classified, directed, discount, employee, experienced, factory, flexible, Japanese, KPS, leisure, LP, mentioned, mix, noted, Progressive, reduction, retained, retire, select, surge, temporary, unprecedented, VAT, work, yen, Yuan
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
28 Apr 22
8-K
Entry into a Material Definitive Agreement
31 Mar 22
8-K
Entry into a Material Definitive Agreement
29 Mar 22
8-K
Brunswick Reports Fourth Quarter and Full-Year Results
27 Jan 22
8-K
Results of Operations and Financial Condition
28 Oct 21
8-K
Brunswick Corporation Completes Acquisition of Navico
5 Oct 21
8-K
Entry into a Material Definitive Agreement
18 Aug 21
8-K
Brunswick Corporation Announces Expiration of Any and All Tender Offers
11 Aug 21
8-K
Brunswick Corporation Announces Tender Offers
4 Aug 21
8-K
Results of Operations and Financial Condition
29 Jul 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
24 Mar 22
FWP
Free writing prospectus
22 Mar 22
424B5
Prospectus supplement for primary offering
22 Mar 22
424B5
Prospectus supplement for primary offering
6 Aug 21
FWP
Free writing prospectus
4 Aug 21
424B5
Prospectus supplement for primary offering
4 Aug 21
S-3ASR
Automatic shelf registration
29 Jul 21
8-A12B
Registration of securities on exchange
4 Mar 19
424B5
Prospectus supplement for primary offering
26 Feb 19
FWP
Free writing prospectus
26 Feb 19
Proxies
DEFA14A
Additional proxy soliciting materials
18 Mar 22
DEFA14A
Additional proxy soliciting materials
19 Mar 21
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEF 14A
Definitive proxy
21 Mar 18
DEFA14A
Additional proxy soliciting materials
21 Mar 18
Other
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
31 May 19
CERT
Certification of approval for exchange listing
5 Mar 19
CERT
Certification of approval for exchange listing
3 Dec 18
CERT
Certification of approval for exchange listing
4 Oct 18
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
5 Jun 17
CORRESP
Correspondence with SEC
1 Jun 17
Ownership
11-K
Annual report of employee stock purchases
17 Jun 22
4
BRUNSWICK / Ryan M Gwillim ownership change
6 Jun 22
4
BRUNSWICK / RANDALL S ALTMAN ownership change
6 Jun 22
4
BRUNSWICK / Ryan M Gwillim ownership change
1 Jun 22
4
BRUNSWICK / Christopher F Dekker ownership change
1 Jun 22
4
BRUNSWICK / DAVID M FOULKES ownership change
9 May 22
4
BRUNSWICK / JOSEPH W MCCLANATHAN ownership change
3 May 22
4
BRUNSWICK / Reginald Fils-Aime ownership change
3 May 22
4
BRUNSWICK / ROGER WOOD ownership change
3 May 22
4
BRUNSWICK / DAVID C EVERITT ownership change
3 May 22
Patents
Design
Plug
6 Jul 21
Inventors: Thom Dykas, Danny Ascencio-Hall, Andrew Brown
Utility
Cord disconnect apparatus and methods
19 Oct 20
A power cord disconnect apparatus and methods of disconnecting a power cord.
Utility
Tillers for outboard motors having reversible throttle grip direction
29 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.
Utility
Systems and methods for controlling planetary transmission arrangements for marine propulsion devices
29 Jun 20
Transmission systems and methods are for a marine propulsion device having an internal combustion engine that drives a propulsor.
Utility
Marine propulsion systems and fuel filters for marine propulsion systems
29 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.
Transcripts
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
27 Jan 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
1 May 20
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