Brunswick Corporation (NYSE:BC) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Neha Clark - SVP, Enterprise Finance Dave Foulkes - CEO Ryan Gwillim - CFO Conference Call Participants Kevin Heenan - JPMorgan James Hardiman - Citi Xian Siew - BNP Paribas Craig Kennison - Robert W. Baird Mike Swartz - Truist Securities Fred Wightman - Wolfe Research Scott Stember - MKM Partners Joe Altobello - Raymond James Eric Wold - B. Riley Securities Operator Good morning, and welcome t ...

Brunswick Corporation (NYSE:BC) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Neha Clark - Senior Vice President, Enterprise Finance Dave Foulkes - Chief Executive Officer Ryan Gwillim - Chief Financial Officer Conference Call Participants Xian Siew - BNP Paribas James Hardiman - Citi Kevin Heenan - JPMorgan Anna Glaessgen - Jefferies Fred Wightman - Wolfe Research Scott Stember - MKM Partners Mike Swartz - Truist Securities Joe Nolan - Longbow Research Joe Altobello - Ray ...

Brunswick Corporation (NYSE:BC) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Brent Dahl - Vice President of Investor Relations David Foulkes - Chief Executive Officer Ryan Gwillim - Chief Financial Officer Conference Call Participants Xian Siew - BNP Paribas James Hardiman - Citigroup Michael Swartz - Truist Securities Anna Glaessgen - Jefferies Kevin Heenan - JP Morgan Fred Wightman - Wolfe Research Joe Altobello - Raymond James Eric Wold - B. Riley David MacGregor - Lon ...

Brunswick Corporation (NYSE:BC) Q4 2021 Earnings Conference Call January 27, 2022 11:00 AM ET Company Participants Brent Dahl - Vice President of Investor Relations Dave Foulkes - Chief Executive Officer Ryan Gwillim - Chief Financial Officer Conference Call Participants Brett Andress - KeyBanc Mike Swartz - Truist Securities Scott Stember - CL King Craig Kennison - Baird Xian Siew - BNP Paribas Exane Kevin Heenan - JPMorgan Joe Altobello - Raymond James Operator Good morning and welcome to Brunswick Corpor ...

Brunswick Corporation (NYSE:BC) Q3 2021 Earnings Conference Call October 28, 2021 11:00 AM ET Company Participants Brent Dahl - Vice President, Investor Relations Dave Foulkes - Chief Executive Officer Ryan Gwillim - Chief Financial Officer Conference Call Participants Kevin Heenan - JPMorgan Xian Siew - Exane BNP Paribas Mike Swartz - Truist Joe Altobello - Raymond James James Hardiman - Wedbush Securities Fred Wightman - Wolfe Research Anna Glaessgen - Jefferies Craig Kennison - Baird Joe Spak - RBC Trist ...

Brunswick Corporation (NYSE:BC) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants Brent Dahl - VP, IR Dave Foulkes - CEO Ryan Gwillim - CFO Conference Call Participants James Hardiman - Wedbush Securities. Xian Siew - Exane BNP Paribas Scott Stember - CL King & Associates Fred Wightman - Wolfe Research Anna Glaessgen - Jefferies Kevin Heenan - JPMorgan Mike Swartz - Truist Joe Altobello - Raymond James Operator Good morning, and welcome to Brunswick Corporation's Second Quarter ...

Financial Data and Key Metrics Changes - First quarter net sales increased by 48% year-over-year, with operating earnings on an adjusted basis rising by 116% [22][23] - Adjusted operating margins reached 17%, and adjusted EPS was $2.24, marking the highest for any quarter on record [22][23] - Free cash flow usage was $23 million, significantly improved from $144 million in Q1 2020 and $159 million in Q1 2019 [22][23] Business Line Data and Key Metrics Changes - Propulsion business revenue increased by 47%, benefiting from strong demand and market share gains across all customer channels [23][24] - Parts and Accessories segment revenues rose by 52%, with adjusted operating earnings up by 83% [24][25] - Boat segment sales increased by 44%, achieving adjusted operating leverage of 31% and margins of 10.9% [26][27] Market Data and Key Metrics Changes - International sales were up 42%, while U.S. sales increased by 47% [19] - The main powerboat segments reported retail gains of 34% in the first quarter, with outboard engine unit registrations up by 21% [20][21] - Retail demand remains strong, with dealer orders received with customer names attached approximately three times higher than the same time last year [21] Company Strategy and Development Direction - The company aims to satisfy outboard engine demand and expand market share, particularly in dealer and international channels [33] - Focus on optimizing the global operating model in the Parts and Accessories segment, leveraging advanced battery technology and digital systems [33] - The Boat segment will continue to improve operational excellence and launch new products while refilling pipelines in a robust retail environment [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to perform well for the rest of the year, citing robust consumer demand and operational execution [32] - The company anticipates U.S. Marine industry retail unit demand to grow mid to high-single-digit percent versus 2020 [28] - Despite challenges in supply chain and labor conditions, the company has managed to keep production plans on track [17][18] Other Important Information - The company has been recognized by Forbes as one of the Best Employers for Diversity for the second consecutive year [9] - The 2020 Sustainability Report highlighted the lowest recordable incident rate in company history [10] - The company plans to spend $250 million to $270 million on capital expenditures to support growth initiatives [31] Q&A Session Summary Question: How did the company achieve significant production increases in Q1? - Management attributed the production increase to hiring 1,000 new employees and ramping up production across all businesses, mitigating supply chain disruptions [40][41] Question: How sustainable are the margin expansions? - Management believes margins are sustainable due to increased volume, fixed cost management, and new product introductions at higher gross margins [42][44][45] Question: What is the retail market outlook as the company moves through April? - Retail demand remains strong, with early season starts in northern markets driving significant sales [49] Question: What is the strategy regarding Freedom Boat Club acquisitions? - The company selectively repurchases territories with high growth potential and is successfully integrating Brunswick boats into the Freedom fleet [56][57] Question: How does the company view the marine market outlook with low inventories? - Management believes the unconstrained retail market potential is double-digits, but acknowledges supply constraints will impact inventory levels [62] Question: What are the plans for capital deployment and M&A? - The company plans to maintain share repurchases and debt repayments while remaining flexible for larger M&A opportunities [66]