The following is a summary of the Brunswick Corporation (BC) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Brunswick Corporation reported Q1 net sales of $1.4 billion, and adjusted earnings per share of $1.35, within the guidance range.

• The company issued $400 million of debt to refinance upcoming debt, thereby strengthening its cash position and balance sheet.

• Despite a slight decline compared to Q1 2023, Brunswick maintained resilient gross margins and noteworthy free cash flow due to moderated capital expenditures.

• Owing to strategic financial management, the company showed financial resilience through solid gross margins, strong cash flow, and increased share repurchases.

Business Progress:

• Brunswick made significant headway in capturing market share gains with new product launches and effective cost control measures across businesses.

• The transition to a new distribution facility in Indiana improved the service for international customers.

• With 25 new products launched during the quarter and successful expansion of Freedom Boat Club globally, the company managed to increase its market presence significantly.

• The company had effective pipeline management, ending with 36.1 weeks' worth of U.S. inventory, reflecting efficient inventory management.

• Continued investment in digital platforms led to digitally assisted sales being more than a third of Boat Group's Q1 sales.

• The company's strategy to maintain earlier guidance reflects a positive outlook for H1, with more share repurchase expected in this period.

• The ongoing introduction of affordable model-year '25 products, effective operations in Brownsburg Indiana facility, and the anticipated growth in Parts & Accessories forecast a future growth.

More details: Brunswick Corp IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.