Brunswick Corp Files 8-K on Financial Results & Operations
Ticker: BC-PC · Form: 8-K · Filed: Feb 1, 2024 · CIK: 14930
| Field | Detail |
|---|---|
| Company | Brunswick Corp (BC-PC) |
| Form Type | 8-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.75 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-results, 8-K, corporate-filing
TL;DR
**Brunswick just dropped an 8-K with fresh financials, time to check their numbers!**
AI Summary
Brunswick Corporation filed an 8-K on February 1, 2024, to report on its results of operations and financial condition, as well as to include financial statements and exhibits. This filing, under Items 2.02 and 9.01, indicates that the company is providing updated financial information to the public. For investors, this matters because it signals that Brunswick is releasing its latest financial performance data, which could influence stock valuation and future investment decisions.
Why It Matters
This filing provides investors with the latest financial health and performance of Brunswick Corporation, which is crucial for evaluating the company's current standing and future prospects.
Risk Assessment
Risk Level: low — This 8-K is a routine filing for reporting financial results and does not inherently indicate new risks, but rather provides data for risk assessment.
Analyst Insight
Investors should review the full financial statements and exhibits once they are publicly available to understand Brunswick's recent performance and make informed decisions.
Key Numbers
- $0.75 — Par Value per Share (The par value of Brunswick's Common Stock, as stated in the filing.)
Key Players & Entities
- BRUNSWICK CORPORATION (company) — the registrant filing the 8-K
- Delaware (location) — state of incorporation for Brunswick Corporation
- 001-01043 (identifier) — Commission File Number for Brunswick Corporation
- 36-0848180 (identifier) — I.R.S. Employer Identification No. for Brunswick Corporation
- 26125 N. Riverwoods Blvd., Suite 500 (location) — Address of Principal Executive Offices for Brunswick Corporation
- Mettawa Illinois 60045-3420 (location) — City, State, and Zip Code of Principal Executive Offices
- (847) 735-4700 (phone_number) — Registrant’s telephone number
- February 1, 2024 (date) — Date of earliest event reported and filing date
- $0.75 (dollar_amount) — par value per share of Brunswick Common Stock
Forward-Looking Statements
- Brunswick Corporation will release its full Q4 2023 earnings report shortly after this 8-K, detailing the 'Results of Operations and Financial Condition'. (BRUNSWICK CORPORATION) — high confidence, target: Q1 2024
FAQ
What is the purpose of this 8-K filing by Brunswick Corporation?
This 8-K filing by Brunswick Corporation is a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically reporting on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' under Item 2.02 and Item 9.01, respectively, as of February 1, 2024.
What is the earliest event reported date in this 8-K filing?
The date of the earliest event reported in this 8-K filing is February 1, 2024.
Where are Brunswick Corporation's principal executive offices located?
Brunswick Corporation's principal executive offices are located at 26125 N. Riverwoods Blvd., Suite 500, Mettawa, Illinois 60045-3420.
What is the par value of Brunswick Corporation's Common Stock mentioned in the filing?
The filing mentions that Brunswick Corporation's Common Stock has a par value of $0.75 per share.
Under which items of Form 8-K is this filing made?
This filing is made under Item 2.02, 'Results of Operations and Financial Condition,' and Item 9.01, 'Financial Statements and Exhibits.'
Filing Stats: 1,318 words · 5 min read · ~4 pages · Grade level 14.1 · Accepted 2024-02-01 06:16:26
Key Financial Figures
- $0.75 — ich Registered Common stock, par value $0.75 per share BC New York Stock Exchange C
Filing Documents
- bcorp-20240201.htm (8-K) — 41KB
- q42023exhibit99_11.htm (EX-99.1) — 716KB
- bcorp-20240201_g1.jpg (GRAPHIC) — 63KB
- brunswicklogo_midnightblue1a.jpg (GRAPHIC) — 63KB
- 0000014930-24-000007.txt ( ) — 1246KB
- bcorp-20240201.xsd (EX-101.SCH) — 3KB
- bcorp-20240201_def.xml (EX-101.DEF) — 20KB
- bcorp-20240201_lab.xml (EX-101.LAB) — 38KB
- bcorp-20240201_pre.xml (EX-101.PRE) — 20KB
- bcorp-20240201_htm.xml (XML) — 6KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On February 1, 2024, Brunswick Corporation ("Brunswick") announced its financial results for the fourth quarter and full-year 2023. The news release Brunswick issued announcing its fourth quarter and full-year 2023 earnings is incorporated herein by reference and is included as Exhibit 99.1 to this Current Report on Form 8-K. In the news release, Brunswick uses non-GAAP financial measures. GAAP refers to generally accepted accounting principles in the United States. A "non-GAAP financial measure" is a numerical measure of a registrant's historical or future financial performance, financial position, or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statements of operations, balance sheets, or statements of cash flows of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Operating and statistical measures and certain ratios and other statistical measures are not non-GAAP financial measures. Brunswick has used certain of the financial measures that are included in the news release for several years, both in presenting its results to shareholders and the investment community and in its internal evaluation and management of its businesses. Brunswick's management believes that the measures presented (including those that are non-GAAP financial measures) and the information they provide are useful to investors because they permit investors to view Brunswick's performance using the same tools that Brunswick uses and to better evaluate Brunswick's ongoing business performance. The measure diluted earnings per common share (EPS), as adjusted, is believed to be useful to investors because it represent
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description of Exhibit 99.1 Brunswick Corporation News Release, dated February 1, 2024, announcing Brunswick's fourth quarter and full-year 202 3 earnings. 104 The cover page from this Current Report on Form 8-K, embedded within and formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BRUNSWICK CORPORATION Dated: February 1, 2024 By: /S/ RANDALL S. ALTMAN Randall S. Altman Senior Vice President and Controller