Core Insights - Brunswick Corporation has been awarded a Gold BOSS Award, ranking fourth among the top experiential exhibits at CES 2026, highlighting its leadership in marine technology [1] - The awards recognize exhibitors who create immersive, narrative-driven brand environments that enhance technology demonstrations into memorable experiences [2] Company Achievements - Brunswick's exhibit featured innovative elements such as on-water immersion, interactive simulators, and expansive video storytelling, effectively showcasing the company's marine innovations and advanced technologies [2] - The CEO of Brunswick expressed pride in the recognition, emphasizing the company's commitment to advancing marine technology and engaging audiences through compelling storytelling [3] Product Innovations - At CES 2026, Brunswick unveiled several cutting-edge products, including the Sea Ray SLX 360 with Mercury Marine engines and Simrad displays, and the Fliteboard RACE model, showcasing synergies across its business lines [3] Company Overview - Brunswick Corporation is a leader in marine recreation, offering technology-driven solutions informed by consumer insights, and operates over 60 industry-leading brands [4] - The company has approximately 15,000 employees across 26 countries and has been recognized as one of America's Most Trusted Companies by Forbes Magazine [4]

Core Insights - Brunswick Corporation showcased strong sales performance, increased outboard market share, and significant innovation at the 2026 Miami International Boat Show, introducing seven new products and winning 11 awards for excellence in various categories [1][4]. Product Launches - New products launched include the Boston Whaler 290 and 330 Outrage models featuring WhalerStep™ Hull Technology, and advanced multi-function displays from Simrad and B&G [6]. - Mercury Marine introduced a suite of advanced control technologies, including a new joystick and keyless start system, enhancing performance and user experience [6]. Industry Recognition - Brunswick received 11 awards at the show, including two Innovation Awards for Lowrance ActiveTarget 2XL and Mercury Boost, and three Consumer Satisfaction Index Awards for Boston Whaler, Crestliner, and Lund [6]. - The company’s brands were recognized for their excellence in innovation, customer service, and marketing, reinforcing their leadership in the marine industry [4][6]. Market Performance - Mercury Marine achieved a record 84% share of outboard engines at the show, a 15-percentage point increase from 2025, and maintained over 60% share across the entire event [6]. - Retail sales for premium brands like Sea Ray and Boston Whaler remained flat compared to a strong 2025, driven by anticipation for new product releases [6].

Financial Data and Key Metrics Changes - Consolidated revenue increased 17% to over $2.1 billion in Q4 2025, marking a new record for the fourth quarter and the first quarter to exceed $2 billion [5][20] - Full year consolidated revenue rose 15% to $7.25 billion, a new annual record, with gross margin at 58.7% and operating margin expanding 60 basis points to 25.9% [6][7] - Record operating income of nearly $1.9 billion for the full year, up 18% year-over-year, with pro forma EPS of $8.56, a 16% increase [21][26] Business Segment Data and Key Metrics Changes - Fitness segment revenue surged 33% to $2.36 billion, driven by wearables, with operating income increasing 50% year-over-year to $726 million [10] - Outdoor segment revenue grew 5% to $2.05 billion, primarily from adventure watches, with operating income of $690 million [12] - Aviation segment revenue increased 13% to $987 million, with operating income rising 22% to $257 million [14] - Marine segment revenue rose 10% to $1.18 billion, with operating income of $251 million [16] - Auto OEM segment revenue increased 9% to $665 million, but operating loss was $49 million [18] Market Data and Key Metrics Changes - Americas region achieved strong double-digit growth of 21%, with quarterly revenue exceeding $1 billion for the first time [23] - EMEA region grew by 14% and APAC region by 8% in Q4 2025 [23] - For the full year, EMEA grew 18%, Americas 40%, and APAC 12% [23] Company Strategy and Development Direction - The company focuses on market diversification and creating essential products, which has been a successful strategy since its inception [6] - Future guidance anticipates revenue growth of approximately 9% to $7.9 billion in 2026, with operating income expected to exceed $2 billion for the first time [8][27] - The company plans to continue leveraging its vertically integrated business model to optimize cost structures amid supply chain challenges [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges and highlighted strong relationships with suppliers [8][9] - The company expects continued strong performance in the fitness segment, driven by demand for current products and new introductions [11] - Management noted that the overall market for wearables is on a steady growth path, with Garmin gaining market share [78] Other Important Information - The company proposed an annual dividend of $4.20 per share, reflecting a 17% increase, and announced a $500 million share repurchase program [9][26] - The company is exploring new product categories and enhancing existing services, such as the Connect Plus program, which has seen high engagement [49][60] Q&A Session Summary Question: Impact of memory costs on 2026 guidance - Management indicated that while memory costs are under pressure, they do not quantify individual components of the cost structure [29][30] Question: Factors contributing to wearables growth - Management noted that growth was primarily volume-driven, with minor impacts from average selling price [32][33] Question: Future of auto OEM business - Management acknowledged that while initial projections were optimistic, they are now focusing on achieving scale and investing for future growth [38][39] Question: Growth opportunities in aviation - Management confirmed that projects like the Black Hawk helicopter represent growth opportunities, utilizing commercial components for military applications [47][48] Question: Update on Connect Plus uptake - Management reported high conversion rates for the nutrition feature added to Connect Plus, indicating strong customer interest [49] Question: Global wearables market trends - Management believes the overall wearables market is experiencing steady growth, with Garmin successfully gaining market share [78]

Core Insights - Sheffield Financial and Mercury Marine have established a retail financing partnership aimed at simplifying the purchase process for Mercury outboard engines and boat packages [1] - The partnership offers competitive financing rates and a digital experience that integrates online shopping with in-dealership loan closing [1] - The initiative is designed to meet growing customer expectations for a fast and connected financing process [1] Group 1: Partnership Details - Customers can utilize Sheffield-powered financing, which includes online prequalification technology accessible to Mercury dealers [1] - The program features installment financing for Mercury outboards and Mercury-powered boat packages, with support from Sheffield's specialized marine underwriting team available seven days a week [1] - The collaboration aims to provide a consistent financing experience for both dealers and customers, facilitating fast credit decisions [1] Group 2: Company Backgrounds - Sheffield Financial, a division of Truist Bank, has been in operation for 33 years and serves hundreds of brands, financing millions of customers across various industries [1] - Truist Financial Corporation, headquartered in Charlotte, North Carolina, is a major financial services company with total assets of $548 billion as of December 31, 2025 [1] - Mercury Marine, a division of Brunswick Corp., specializes in manufacturing recreational marine propulsion engines and offers a range of products and services for marine applications worldwide [1]

Core Insights - Brunswick Corporation has been recognized in Newsweek's America's Greatest Workplaces for Women 2026 list, achieving a four-and-a-half-star rating for its commitment to an inclusive environment for women [1][3][4] Group 1: Recognition and Evaluation - The 2026 ranking was conducted by Newsweek in partnership with Plant-A Insights Group, evaluating over one million company reviews from female employees and assessing workplace equity, fairness, leadership representation, and employee satisfaction [2] - Brunswick's high rating reflects its industry-leading programs in leadership development, mentoring, work-life balance, and comprehensive benefits that support professional growth [3] Group 2: Company Commitment - Jill Wrobel, CHRO of Brunswick Corporation, emphasized the company's dedication to creating a workplace where women are valued and supported, aiming to expand opportunities for women globally [4] - Brunswick Corporation is a leader in marine recreation, focusing on innovation and technology-driven solutions, and operates with approximately 14,000 employees across 26 countries [5]

Core Insights - Vision Marine Technologies Inc. has announced the development of Project Pelagos, an AI-driven customer intelligence and revenue operations platform for its retail subsidiary, Nautical Ventures [1][4] Group 1: Project Pelagos Overview - Project Pelagos aims to enhance execution, coordination, and customer experience within the Nautical Ventures retail network by integrating AI into sales and aftersales operations [2][5] - The platform will connect various traditionally disconnected systems, such as Dealer Management Software and team communications, into a unified environment to improve revenue execution and customer experience [3][4] Group 2: Strategic Importance - The initiative is a key part of Vision Marine's strategy to create a vertically integrated model that combines technology, retail, service, and customer access, focusing on scalability and operational discipline [4][6] - Project Pelagos is designed to provide an AI-assisted customer intelligence layer that analyzes engagement patterns to support opportunity prioritization and improve internal workflows while maintaining human judgment [5][6] Group 3: Development and Future Plans - Project Pelagos is currently under active development, with a phased rollout planned for 2026 across Nautical Ventures' sales and customer operations [7] - The integration of AI is expected to enhance operating leverage within the retail platform, leading to more efficient sales execution and consistent performance as the network expands [6][7]

Q4 2025 Earnings Presentation February 5, 2026 Forward-Looking Statements This presentation contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "estimates," "guidance," "expects," "anticipates," "intends," "plans," "believes," "seeks" and similar expressions. Forward-looking statements include information with respect to financial condition, results of operat ...

Q1 FY 2026 Investor Presentation January 29, 2026 Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events, and may be identified by the use of words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," or "would," or the negat ...

Financial Data and Key Metrics Changes - Fiscal first quarter revenue was $381 million, a 1% increase from $376 million in the prior year [11] - Gross profit increased to $89 million from $84 million year-over-year, with gross profit margin expanding to 23.5%, an improvement of 110 basis points [12] - Net loss for the quarter was $8 million, or $0.47 per diluted share, compared to a net loss of $14 million, or $0.81 per diluted share in the prior period [12] Business Line Data and Key Metrics Changes - New boat sales decreased by 6% compared to the prior year, while pre-owned boat sales increased by 24%, driven by higher unit sales and average unit price [11] - Service parts and other revenue grew by 10% compared to the prior year, indicating strength in the distribution segment and service operations [11] Market Data and Key Metrics Changes - Inventory decreased to $602 million as of December 31, 2025, from $637 million a year earlier, reflecting disciplined inventory optimization [14] - Total liquidity was approximately $46 million, including $32 million in cash and cash equivalents [14] Company Strategy and Development Direction - The company is focused on simplifying its business and reallocating capital to areas with the strongest strategic fit, including selling certain distribution segment assets [6][7] - The strategic brand initiatives completed last year are expected to enhance gross margins and profitability [6] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic, maintaining fiscal year 2026 guidance ranges despite a softer industry outlook [15] - The company anticipates total sales between $1.83 billion and $1.93 billion, with adjusted EBITDA expected to range from $65 million to $85 million [16] Other Important Information - The company recognized a $7 million impairment charge related to certain distribution assets classified as held for sale [12] - The company expects proceeds from the asset sale to enhance financial flexibility and support capital allocation priorities [7] Q&A Session Summary Question: What is the shift seen in the pre-owned market? - Management indicated that better availability of pre-owned boats is driving the performance, with more trades being taken in [18] Question: How does the company view year-end net leverage and inventory? - Management expects leverage to decrease to almost 4x by the end of the fiscal year, with inventory being managed according to retail conditions [22] Question: What is the outlook for the boat show season? - Management noted that the boat show season has been flat, but consumer enthusiasm remains strong, with better-than-expected margins [24] Question: Are there any impacts from recent storms on operations? - Management stated that they do not expect significant impacts from storms, as the affected areas are not major markets for the company [41] Question: Is there evidence of the monthly payment buyer returning? - Management indicated that while many customers finance their purchases, they do not see a significant return of lower-end, price-sensitive consumers [60]

Core Viewpoint - Brunswick Corporation has released its fourth quarter and full-year 2025 financial results, indicating a focus on innovation and leadership in the marine recreation industry [1]. Financial Results - The complete financial results press release is available on the company's website and will also be filed with the SEC [1]. - A conference call to discuss these results is scheduled for January 29, 2026, at 10 a.m. CT / 11 a.m. ET [2]. Conference Call Details - The conference call will be hosted by key executives including the CEO and CFO, with a presentation available during the call [2]. - Participants can access the call via telephone or through a webcast on the company's website [3][4]. Company Overview - Brunswick Corporation is a global leader in marine recreation, offering technology-driven solutions and a diverse portfolio of over 60 brands [5]. - The company focuses on innovation and consumer insights, aiming to redefine the future of the marine industry [5]. - Brunswick operates in 26 countries with approximately 14,000 employees and has received over 100 awards in 2025 [5].