Brunswick Corp Q3 2024 10-Q Filed

TL;DR

**Brunswick 10-Q out: $66M assets, $200M credit line, various senior notes due 2048-2049.**

AI Summary

Brunswick Corporation filed its 10-Q for the period ending September 28, 2024. The company reported total assets of $65,983,222 and had $200,000,000 in available credit facilities. The filing also details various senior notes, including $6.500 Senior Notes due 2048, $6.625 Senior Notes due 2049, and $6.375 Senior Notes due 2049.

Why It Matters

This filing provides investors with an update on Brunswick's financial health and debt obligations, crucial for assessing the company's stability and future performance.

Risk Assessment

Risk Level: medium — The filing details significant debt obligations through various senior notes, which could impact financial flexibility.

Key Numbers

• $65.98B — Total Assets (As of September 28, 2024)
• $200.00M — Credit Facilities (Available credit as of September 28, 2024)

Key Players & Entities

• Brunswick Corporation (company) — Filer of the 10-Q
• 2024-09-28 (date) — End of the reporting period
• $65,983,222 (dollar_amount) — Total assets
• $200,000,000 (dollar_amount) — Available credit facilities
• bcorp:A6.500SeniorNotesdue2048Member (dollar_amount) — Senior notes issued
• bcorp:A6.625SeniorNotesdue2049Member (dollar_amount) — Senior notes issued
• bcorp:A6.375SeniorNotesdue2049Member (dollar_amount) — Senior notes issued

FAQ

Key Financial Figures

• $0.75 — ich Registered Common stock, par value $0.75 per share BC New York Stock Exchange
• $10 — nd notes receivable, less allowances of $10.5, $10.8, and $10.4 500.8 493.2 568.2
• $10.4 — e, less allowances of $10.5, $10.8, and $10.4 500.8 493.2 568.2 Inventories Finishe

Filing Documents

• bcorp-20240928.htm (10-Q) — 2259KB
• bc20240928ex311.htm (EX-31.1) — 11KB
• bc20240928ex312.htm (EX-31.2) — 12KB
• bc20240928ex321.htm (EX-32.1) — 5KB
• bc20240928ex322.htm (EX-32.2) — 5KB
• bcorp-20240928_g1.jpg (GRAPHIC) — 63KB
• 0000014930-24-000157.txt ( ) — 10449KB
• bcorp-20240928.xsd (EX-101.SCH) — 47KB
• bcorp-20240928_cal.xml (EX-101.CAL) — 72KB
• bcorp-20240928_def.xml (EX-101.DEF) — 332KB
• bcorp-20240928_lab.xml (EX-101.LAB) — 655KB
• bcorp-20240928_pre.xml (EX-101.PRE) — 508KB
• bcorp-20240928_htm.xml (XML) — 2141KB

– FINANCIAL INFORMATION Page

PART I – FINANCIAL INFORMATION Page Item 1. Condensed Consolidated Financial Statements (Unaudited) 3 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 5. Other Information 38 Item 6. Exhibits 39 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements BRUNSWICK CORPORATION Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended Nine Months Ended (in millions, except per share data) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Net sales $ 1,273.3 $ 1,593.6 $ 4,082.2 $ 5,039.5 Cost of sales 940.3 1,148.9 2,984.6 3,616.9 Selling, general and administrative expense 180.7 187.1 566.2 613.5 Research and development expense 41.7 45.2 130.5 142.8 Restructuring, exit and impairment charges 12.2 16.3 33.6 39.7 Operating earnings 98.4 196.1 367.3 626.6 Equity earnings (loss) 1.6 ( 17.3 ) 7.0 ( 12.9 ) Other (expense) income, net ( 1.1 ) 6.0 ( 1.9 ) 6.9 Earnings before interest and income taxes 98.9 184.8 372.4 620.6 Interest expense ( 33.0 ) ( 28.1 ) ( 94.2 ) ( 85.1 ) Interest income 4.0 3.4 11.2 7.6 Earnings before income taxes 69.9 160.1 289.4 543.1 Income tax provision 22.6 46.2 68.9 181.5 Net earnings from continuing operations 47.3 113.9 220.5 361.6 Net loss from discontinued operations, net of tax ( 2.7 ) ( 1.4 ) ( 7.9 ) ( 2.1 ) Net earnings $ 44.6 $ 112.5 $ 212.6 $ 359.5 Earnings per common share: Basic Earnings from continuing operations $ 0.71 $ 1.63 $ 3.27 $ 5.11 Loss from discontinued operations ( 0.04 ) ( 0.02 ) ( 0.12 ) ( 0.03 ) Net earnings $ 0.67 $ 1.61 $ 3.15 $ 5.08 Diluted Earnings from continuing operations $ 0.71 $ 1.63 $ 3.26 $ 5.10 Loss from discontinued operations ( 0.04 ) ( 0.02 ) ( 0.12 ) ( 0.03 ) Net earnings $ 0.67 $ 1.61 $ 3.14 $ 5.07 Weighted average shares used for computation of: Basic earnings per common share 66.6 69.8 67.4 70.7 Diluted earnings per common share 66.6 70.0 67.6 70.9 Comprehensive income $ 59.5 $ 99.2 $ 210.6 $ 346.9 The Notes to Condensed Consolidated Financial Statements are an integral part of these condensed consolidated statements. 3 Table of Contents BRUNSWICK CORPORATION Condensed Consolidated Balance Sheets

View Full Filing

View this 10-Q filing on SEC EDGAR