BC

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Stephen Weiland

Senior Vice President & Deputy CFO

Phone:847-383-0867

Email:stephen.weiland@brunswick.com

Contact:Lee Gordon

Chief Communications Officer

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Second Quarter Results

Exceptional Sales Growth and Operational Execution Drive Strong Earnings

Second Quarter GAAP Diluted EPS of $1.66 and As Adjusted Diluted EPS of $1.56

Increasing 2026 Full-Year Guidance: As Adjusted Diluted EPS in the range of $4.35 - $4.75

METTAWA, Ill., July 30, 2026 — Brunswick Corporation (NYSE: BC) today reported results for the second quarter of 2026:

Second Quarter 2026 Financial Results:

Q2 2026

(in millions, except per share data)GAAPChange vs Q2'25As AdjustedChange vs Q2'25

Net Sales$1,557.87.7%$1,557.87.7 %

Operating Earnings$129.425.3 %$150.119.1 %

Operating Margin8.3 %120  bps9.6 %90  bps

Diluted EPS from Continuing Operations$1.6684.4 %$1.5634.5 %

bps = basis points

“Brunswick delivered a strong second quarter despite a turbulent macroeconomic and geopolitical environment, with financial performance ahead of expectations and year-over-year sales growth across all reporting segments for the fourth consecutive quarter,” said David Foulkes, Brunswick

Chairman and Chief Executive Officer. “Our balanced portfolio, continued healthy OEM demand, strong boating participation, improved mix, and disciplined operational execution drove robust sales and earnings growth, further supported by the recognition of certain IEEPA tariff refunds. Absent the net IEEPA benefit, including its associated influence on variable compensation, adjusted operating earnings increased substantially versus Q2 2025, and adjusted EPS remained significantly ahead of expectations, demonstrating the strength of our underlying operating performance.

Certain parts of the U.S. and global new boat market remained pressured in the quarter, primarily in the value segments, as macro uncertainty and the prolonged conflict in Iran weighed on consumer sentiment. However, our premium- and core-biased portfolio remained resilient, and first-half U.S. retail was roughly flat when adjusted for the purposeful value-model rationalization actions initiated last year. Boat and engine pipelines remained lean and fresh, positioning Brunswick and its dealers well for future market improvement.

Our Propulsion business delivered another strong quarter with year-over-year sales growth driven by steady OEM demand, continued high market share, and strong international momentum, particularly in Latin America and Asia. Mercury Marine remains well positioned with five new engine programs on track and additional opportunities in repower, government, and commercial markets.

Engine Parts and Accessories delivered another strong quarter, supported by healthy boating participation and the resultant demand for products along with past pricing actions. The Products and Distribution businesses both contributed to improved profitability, underscoring the stability and attractive operating leverage of this recurring-revenue business.

Navico Group continued its strong performance trajectory, with sales growth across its business lines supported by new products, OEM wins, sustained aftermarket demand, and ongoing operational improvement actions. The business also advanced strategic opportunities in unmanned surface vessels and continued to demonstrate meaningful progress toward its margin-improvement objectives, remaining an important contributor to Brunswick’s technology leadership.

Our Boat segment grew both sales and earnings, benefiting from increased focus on premium and core brands, pricing actions, operational efficiencies, and continued growth in Freedom Boat Club. Freedom reached an important network milestone during the quarter announcing its 450th global

network location and achieving a record 13 percent growth in first-half trips demonstrating the strength of boating participation and the appeal of shared-access boating.

Finally, we remain on track to retire at least $160 million of debt this year and have repurchased $35 million of shares year-to-date, underscoring our commitment to both maintaining an investment grade balance sheet and returning capital to our shareholders.

Our strong second quarter performance again highlighted the benefits of Brunswick’s balanced portfolio as we continue to manage through a dynamic external environment," Foulkes concluded.

2026 Second Quarter Results

For the second quarter of 2026, Brunswick reported consolidated net sales of $1,557.8 million, an increase of 8 percent versus the second quarter of 2025. Diluted EPS for the quarter was $1.66 on a GAAP basis and $1.56 on an as adjusted basis, an increase of 34 percent versus the second quarter of 2025.

Sales

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Stephen Weiland

Senior Vice President & Deputy CFO

Phone:847-383-0867

Email:stephen.weiland@brunswick.com

Contact:Lee Gordon

Chief Communications Officer

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Outstanding First Quarter Results

Exceptional Start to the Year with Revenue and Earnings Exceeding First Quarter 2025

First Quarter GAAP Diluted EPS of $0.32 and As Adjusted Diluted EPS of $0.70

Increasing 2026 Full-Year Guidance: As Adjusted Diluted EPS in the range of $4.00 - $4.50

METTAWA, Ill., April 30, 2026 — Brunswick Corporation (NYSE: BC) today reported results for the first quarter of 2026:

First Quarter 2026 Financial Results:

Q1 2026

in millions (except per share data)GAAPChange vs Q1'25As AdjustedChange vs Q1'25

Net Sales$1,378.112.8 %$1,378.112.8 %

Operating Earnings$50.3(10.7) %$82.614.6 %

Operating Margin3.6 %(100) bps6.0 %10  bps

Diluted EPS from Continuing Operations$0.326.7 %$0.7025.0 %

bps = basis points

“Brunswick delivered an excellent start to 2026, building on the market recovery in

the second half of last year, with first quarter results ahead of expectations and prior year despite the dynamic geopolitical and tariff environment,” said David Foulkes, Brunswick Chairman and Chief

Executive Officer. “For the third consecutive quarter, year over year net sales increased across all segments, driven by steady retail trends, continued market share gains, strong OEM demand, accelerated new product and technology introductions, and disciplined operational execution across the enterprise.

Boat retail performance continued to stabilize, with overall first quarter global unit retail approximately flat compared to the relatively strong first quarter of last year and premium sales up. This marked the third consecutive quarter of improved relative retail performance, reinforcing our confidence in a flat-to-slightly improved retail market environment as the year progresses. Strong boating participation continued to support increased sales in our recurring revenue parts and accessories, aftermarket, and subscription boating businesses.

From an inventory perspective, conditions remain exceptionally healthy. Boat and engine pipelines continue to be lean and well aligned with underlying demand, reflecting our deliberate approach to matching wholesale shipments to retail sales. Global boat pipelines were down year over year and flat sequentially, positioning both Brunswick and our dealers well heading into the prime selling season.

In our core U.S. market, product demand and boating participation remain relatively unaffected by the conflict in the Middle East, although the health of the value consumer remains a focus. We have a small direct exposure to Middle East markets but are monitoring trends in Australia and New Zealand and other more exposed markets as oil supply tightens. Our high exposure to the most insulated markets, particularly the U.S. and Canada, which account for more than 70 percent of our total sales, balanced portfolio, lean channel inventories, and operational discipline position us strongly to effectively navigate the macroeconomic volatility.

Our Propulsion business delivered a very strong quarter, with significant year over year sales growth driven by robust OEM demand and continued share gains. Mercury Marine maintained industry-leading positions globally, highlighted by record share at major boat shows and a 200 basis point increase in U.S. outboard market share in the quarter. The powerful operating performance of the business helped to minimize the expected impact from incremental tariffs and incremental product investment on operating earnings.

Engine Parts and Accessories delivered another solid quarter with increased sales and operating margin over the prior year, benefiting from healthy boating participation and continued distribution share gains. This high-margin, recurring-revenue business continues to provide earnings stability and strong cash generation through the cycle.

Navico Group continued its strong performance trend, growing sales and operating margin in the quarter, evidencing the transition from stabilization to growth. Sales increased across all business lines, supported by new product launches, improving OEM and distribution demand, and strong operational execution. Margin expansion in the quarter reflected both solid operating leverage and the benefits from our continued business performance improvement actions.

In our Boat segment, improved retail conditions and disciplined wholesale alignment drove growth in sales and operating margin, alongside continued momentum in our Business Acceleration portfolio. Freedom Boat Club continued to increase its memberships, trips, and locations and, earlier this month, we compl

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Stephen Weiland

Senior Vice President & Deputy CFO

Phone:847-383-0867

Contact:Lee Gordon

Chief Communications Officer

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Fourth Quarter and Full-Year Results

Strong Finish to 2025, with Revenue and Earnings Exceeding Expectations

Outstanding Full-Year Operating and Free Cash Flow Generation

Full-Year GAAP Diluted EPS of $(2.06) and As Adjusted Diluted EPS of $3.27

2026 Guidance: Net Sales Between $5.6 and $5.8 Billion; Adjusted Diluted EPS Range of $3.80 - $4.40

METTAWA, Ill., January 29, 2026 -- Brunswick Corporation (NYSE: BC) today reported full-year and fourth quarter results for 2025:

2025 Full-Year Financial Results:

FY 2025

in millions (except per share data)GAAPChange vs FY'24As AdjustedChange vs FY'24

Net Sales$5,362.82.4 %$5,362.82.4 %

Operating Earnings$(40.7)NM$371.1(25.1) %

Operating Margin(0.8) %(670) bps6.9 %(260) bps

Diluted EPS from Continuing Operations$(2.06)NM$3.27(28.4) %

bps = basis points NM = not meaningful

Fourth Quarter 2025 Financial Results:

Q4 2025

in millions (except per share data)GAAPChange vs Q4'24As AdjustedChange vs Q4'24

Net Sales$1,333.815.5 %$1,333.815.5 %

Operating Earnings$41.9NM$66.641.1 %

Operating Margin3.1 %(790) bps5.0 %90 bps

Diluted EPS from Continuing Operations$0.28NM$0.58141.7 %

bps = basis points

NM = not meaningful

“We finished 2025 ahead of recent expectations, with each business reporting sales and earnings growth in the quarter, leading to full-year net sales growth for the first time in three years and significantly higher free cash flow generation, all supported by a strengthening boat market in the second half of the year,” said David Foulkes, Brunswick Chairman and Chief Executive Officer. “In addition to improved retail conditions, our performance was underpinned by solid boating participation driving stability in our recurring-revenue businesses, and outstanding operating execution across the enterprise.

The retail demand stabilization in the second half of the year followed a challenging second quarter influenced primarily by tariff-induced economic uncertainty. While U.S. boat market unit retail sales finished the year down approximately 9 percent, Brunswick’s leading boat brands outperformed the U.S. industry and Brunswick global retail unit sales were down only 5 percent. Dealer inventory levels and freshness remain extremely healthy.

Our continued focus on cost containment, robust capital strategy execution, and diligent working capital management resulted in full-year free cash flow of $442 million, enabling us to support our planned investments in industry-leading new products and technology, return capital to shareholders, and efficiently retire more debt than previously planned.

Our propulsion segment had an outstanding fourth quarter, increasing revenues and earnings versus prior year in each of its three business lines: outboard; sterndrive; and controls, rigging, and propellers. Mercury continues to be the outboard market share leader in the U.S., Canada, and Europe and is increasing its investment in ground-breaking new products. Recently, at the

Consumer Electronics Show, Mercury unveiled its ‘808’ outboard engine concept, signaling the future direction of ultra-high horsepower outboard propulsion.

Our recurring-revenue, high-margin engine parts and accessories business delivered higher sales and earnings in the fourth quarter versus prior year in both of its products and distribution business lines, fueled by strong boating participation and our growing share in marine distribution. Our market-leading U.S. distribution business gained 210 basis points of share in 2025.

Navico Group increased both revenue and operating margin in the fourth quarter versus prior year, reflecting the steadily increasing benefits of our continued focus on a refreshed product portfolio and operational, commercial, and financial improvement actions. The introduction of our Simrad AutoCaptain autonomous boating system was another example of Brunswick’s unique ability to deliver seamlessly integrated systems solutions co-developed by Navico Group, Mercury Marine, and Brunswick Boat Group.

Finally, this quarter, our boat business capitalized on the continued improvement in the retail market, driving sales growth and significantly expanding margins versus prior year. Discounting levels in 2025 also improved approximately 100 basis points over the prior year. We experienced continued strength in our premium and core brands, highlighted by 15 percent overall revenue growth across our premium brands at the Ft. Lauderdale Boat Show, as well as recovering some momentum in value products. Lastly, Freedom Boat Club had another strong quarter, growing to 442 globa

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Stephen Weiland

Senior Vice President & Deputy CFO

Phone:847-383-0867

Email:stephen.weiland@brunswick.com

Contact:Lee Gordon

Chief Communications Officer

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Third Quarter Results

Sales Growth and Efficient Operational Execution Drive Strong Earnings and Record Cash Generation

Third Quarter GAAP Diluted EPS of $(3.57) and As Adjusted Diluted EPS of $0.97

Confirming 2025 Full-Year Guidance for As Adjusted Diluted EPS of Approximately $3.25

Increased Free Cash Flow Guidance to Greater Than $425 million

METTAWA, Ill., October 23, 2025 -- Brunswick Corporation (NYSE: BC) today reported results for the third quarter of 2025:

Third Quarter 2025 Financial Results:

Q3 2025

in millions (except per share data)GAAPChange vs Q3'24As AdjustedChange vs Q3'24

Net Sales$1,360.26.8 %$1,360.26.8 %

Operating Earnings$(242.2)NM$106.4(15.5) %

Operating Margin(17.8) %NM7.8 %(210) bps

Diluted EPS from Continuing Operations$(3.57)NM$0.97(17.1) %

bps = basis points

NM = not meaningful

"Brunswick delivered strong third quarter results with each reporting segment generating revenue growth over the third quarter of 2024 and overall financial performance exceeding expectations and guidance for the quarter. The sales growth reflected strength across all our businesses despite a challenging, albeit improving, macro-environment and industry backdrop. Our market-leading propulsion and boat portfolios outperformed their respective markets, and our recurring-revenue, parts and accessories, and other aftermarket-focused businesses, along with Freedom Boat Club, continued to benefit from healthy boating activity," said Brunswick Chairman and Chief Executive Officer, David Foulkes. "Brunswick's third quarter boat retail sales were flat year-over-year – a notable relative improvement from the first half of the year – driven by resilience in our premium and core categories. We continue to drive forward with financial and operational efficiencies through the announced, margin-accretive footprint actions in our boating business, continued enterprise-wide tariff mitigation initiatives, prudent pipeline management, and excellent capital strategy execution.

Our relentless focus on financial performance drove another quarter of outstanding free cash flow generation, providing us with the flexibility to simultaneously invest in our business, return capital to investors, and strengthen our balance sheet. With $111 million of free cash flow in the third quarter, we have now generated $355 million of free cash flow year-to-date, a significant improvement over the first three quarters of last year.

The propulsion business delivered significant sales growth, with revenues in each of its three business lines: outboards; sterndrive; and controls, rigging, and propellers up over prior year as OEM order strength continued later into the boating season. Mercury continues to be the clear U.S. outboard market share leader, with 49.4 percent share of outboard engines retail sold in the third quarter. Given the volume of Mercury competitor engines shipped into the U.S. in advance of the tariffs on Japanese imports, we have not yet seen the full potential impact of those tariffs on competitor product pricing, but we continue to believe that we are well positioned.

Strong boater participation in our core markets continues to benefit our high-margin, annuity engine parts and accessories business which posted strong sales growth over prior year, with sales in both the products and distribution businesses up solidly, and segment operating margin also up sequentially from the second quarter, reflecting the strong operating leverage in the business. In the U.S., our market-leading distribution business has gained 140 basis points of market share year-to-date over the same period last year.

Navico Group reported modest sales growth and steady adjusted operating margin over prior year. Growth was led by strong performance in its marine electronics product lines that continue to benefit from investments in technology and new product introductions, while strong boating participation drove steady aftermarket sales that represent sixty percent of Navico Group revenue. Continued restructuring actions, a leaner, more focused organization, and new product investments are bearing fruit and Navico Group's strategic importance to the Brunswick portfolio was recently reinforced by the introduction of the Simrad AutoCaptain autonomous boating system, developed by Navico Group in collaboration with Mercury Marine and Brunswick Boat Group.

Finally, our boat business grew both revenue and adjusted operating margin over prior year as our premium brands continued to perform well, and our aluminum boat

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Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Stephen Weiland

Senior Vice President & Deputy CFO

Email:stephen.weiland@brunswick.com

Contact:Lee Gordon

Chief Communications Officer

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Second Quarter Results

Sales Growth and Efficient Operational Execution Drive Strong Earnings and Record Cash Generation

Second Quarter GAAP Diluted EPS of $0.90 and As Adjusted Diluted EPS of $1.16

Updated 2025 Full-Year Guidance: As Adjusted Diluted EPS of Approximately $3.25

METTAWA, Ill., July 24, 2025 -- Brunswick Corporation (NYSE: BC) today reported results for the second quarter of 2025:

Second Quarter 2025 Financial Results:

Q2 2025

in millions (except per share data)GAAPChange vs Q2'24As AdjustedChange vs Q2'24

Net Sales$1,447.00.2 %$1,447.00.2 %

Operating Earnings$103.3(34.7) %$126.0(30.3) %

Operating Margin7.1 %(390) bps8.7 %(380) bps

Diluted EPS from Continuing Operations$0.90(41.9) %$1.16(35.6) %

bps = basis points

"Brunswick delivered strong second quarter results as the power of our market-leading products and brands, efficient operational execution and cost control, continued prudent pipeline inventory management, and the benefits from the resilient, recurring, aftermarket-focused portions of our

portfolio, resulted in second quarter financial performance ahead of expectations. This was despite the challenging macro environment and uncooperative weather in many parts of the U.S. through the first two months of the quarter," said Brunswick Chairman and Chief Executive Officer, David Foulkes. "Year-to-date, boat unit retail sales in the value category are underperforming our initial expectations for the year, but continued overall resilience in the premium and core categories, combined with improving retail sales trends in July, is expected to provide a floor for wholesale performance in the second-half of the year. Tariffs continue to directly impact our earnings, while adding uncertainty for both our end-consumers and channel partners, but all our businesses are executing strongly on their mitigation plans, resulting in a smaller net tariff impact than originally anticipated.

We had another quarter of outstanding free cash flow generation, with $288 million of free cash generated in the quarter, a record for any second quarter in company history. This performance also resulted in a record first-half free cash flow of $244 million, a $279 million improvement versus first-half 2024. The free cash generated in the past three quarters represents the largest free cash flow generation in any fourth-through-second quarter period in Brunswick history.

Our propulsion business delivered strong year-over-year sales growth, with shipments to U.S. OEM customers outpacing expectations. Earnings and margins improved sequentially despite the anticipated tariff and absorption headwinds. Mercury's outboard engine lineup continues to take market share, gaining over 300 basis points of U.S. retail share in outboard engines over 300 horsepower in the quarter, and 30 basis points of share overall on a rolling twelve-month basis despite heavy wholesale shipments by competitors ahead of tariffs being implemented on Japanese imports. Mercury’s leadership in high horsepower outboard engines will be further reinforced by the new 425 and 350 horsepower engines launched earlier this week with performance, smoothness, quietness, weight, and other attributes far ahead of the competition.

Our engine parts and accessories business had another strong quarter, with slight year-over-year sales growth and steady earnings despite a weather-affected start to the boating season. This primarily aftermarket-based business continues to derive its success from stable boating participation and the world's largest marine distribution network, which in the U.S. has gained 180 basis points of market share on a rolling twelve-month basis, resulting from our ability to support same day or next day deliveries to most locations in the world.

Navico Group had slightly lower sales versus the second quarter of 2024 as aftermarket sales and sales to marine OEMs were modestly lower, however, sales trends continued to improve each month in the quarter. Navico Group earnings remained consistent with first quarter levels and were driven by enthusiastic customer acceptance of new products and steady operational performance. Year-to-date revenue for Navico Group is only down 2.5 percent versus the first-half of 2024, led by steady performance by the group's aftermarket businesses. Restructuring actions continue to gain traction despite tariff and market headwinds and, in the quarter, we consolidated two production locations, and transferred European distribution to a 3PL while, in July, we implemented a leaner organizationa

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Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Ryan Gwillim

Executive Vice President, Chief Financial and Strategy Officer

Email:ryan.gwillim@brunswick.com

Contact:Lee Gordon

Chief Communications Officer

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports First Quarter Results

Strong First Quarter Performance, Exceeding Expectations

First Quarter GAAP Diluted EPS of $0.30 and As Adjusted Diluted EPS of $0.56

Updated 2025 Full-Year Guidance: As Adjusted Diluted EPS in the range of $2.50 - $4.00

METTAWA, Ill., April 24, 2025 -- Brunswick Corporation (NYSE: BC) today reported results for the first quarter of 2025:

First Quarter 2025 Financial Results:

Q1 2025

in millions (except per share data)GAAPChange vs Q1'24As AdjustedChange vs Q1'24

Net Sales$1,221.8(10.5) %$1,221.8(10.5) %

Operating Earnings$56.3(49.1) %$72.1(49.0) %

Operating Margin4.6 %(350) bps5.9 %(450) bps

Diluted EPS from Continuing Operations$0.30(70.0) %$0.56(58.5) %

bps = basis points

"All of our businesses delivered a strong first quarter as the resilient composition of our portfolio, together with proactive pipeline management, well-received new products, the benefits of executed and ongoing structural cost reduction measures, and efficient execution resulted in first quarter

financial performance ahead of expectations despite the challenging macro environment," said Brunswick Chairman and Chief Executive Officer, David Foulkes. "Year to date unit retail sales for our core and premium boat brands and product-lines are in-line with our expectations for a second-half biased year, but we are seeing some weakness in entry-level products, prompting us to consider streamlining our product offerings in the entry-level space while growing Freedom Boat Club as an alternative participation model. Early season boat shows are essentially complete, with retail performance at shows flat to prior year and in-line with expectations, while overall retail performance in the quarter resulted in appropriate boat field inventory levels as we enter the primary retail season. Lastly, we had outstanding free cash flow generation in the quarter, leveraging the inventory and other working capital initiatives started last year, resulting in the second best first quarter cash flow in more than a decade, and a $160 million improvement versus Q1 2024. This cash performance further solidifies our balance sheet and enabled slightly higher than planned share repurchases during the quarter.

Our propulsion business delivered sequentially improved sales and operating earnings versus the fourth quarter of 2024, although below first quarter 2024 levels, as anticipated. Mercury's outboard engine lineup continues to take market share, gaining 40 basis points of U.S. retail share on a rolling twelve-month basis, with indications of a strong April performance following significant share increases at 2025 boat shows. Sales to U.S. boat OEMs were strong as our customer builders increased production levels ahead of the primary retail season and engine pipelines remain at appropriate levels.

Our engine parts and accessories business had another strong quarter, with solid year-over-year earnings and margin growth despite slightly lower sales. This primarily aftermarket-based business continues to derive its success from stable boating participation and the world's largest marine distribution network, which delivered sales growth of 2 percent through continued distribution market share gains resulting from our ability to support same day or next day deliveries to most locations in the world.

Navico Group had flat sales and slightly lower operating earnings versus the first quarter of 2024 as aftermarket sales to dealers and retailers remained strong, but OEM orders were pressured. Navico Group delivered sequential sales growth versus fourth quarter 2024 as its exciting, recently launched new products continue to gain momentum and market acceptance.

Finally, our boat business had sales and operating earnings below the first quarter of 2024, consistent with lower planned wholesale shipments, but sales grew mid-single digits versus fourth quarter 2024 as anticipated. Our Boat Group teams are working hard to reduce product costs and protect margins in an environment with limited pricing opportunities. Freedom Boat Club continues to expand globally in premier boating locations and deliver steady membership sales growth, and early-season member boat usage trends continue to be strong with trips up 3 percent sequentially in the first quarter.

Our first quarter results again demonstrated the resiliency of our portfolio, with our recurring revenue businesses and channels, including our Engine P&A business, Propulsion’s repower business, Freedom Boat Club, and Navico Group's aftermarket sales, contribut

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Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Fourth Quarter and Full-Year Results

Resilient 2024 Despite Challenging Environment

Outstanding Full-Year Operating and Free Cash Flow Generation

Full-Year GAAP Diluted EPS of $2.21 and As Adjusted Diluted EPS of $4.57

2025 Guidance: Net Sales Between $5.2 and $5.6 Billion; Adjusted Diluted EPS Range of $3.50 - $5.00

METTAWA, Ill., January 30, 2025 -- Brunswick Corporation (NYSE: BC) today reported full-year and fourth quarter results for 2024:

2024 Full-Year Financial Results:

FY 2024

in millions (except per share data)GAAPChange vs FY'23As AdjustedChange vs FY'23

Net Sales$5,237.1(18.2) %$5,237.1(18.2) %

Operating Earnings$311.6(57.6) %$495.4(43.0) %

Operating Margin5.9 %(560) bps9.5 %(410) bps

Diluted EPS from Continuing Operations$2.21(63.9) %$4.57(48.1) %

bps = basis points

Fourth Quarter 2024 Financial Results:

Q4 2024

in millions (except per share data)GAAPChange vs Q4'23As AdjustedChange vs Q4'23

Net Sales$1,154.9(15.2) %$1,154.9(15.2) %

Operating Earnings$(55.7)NM$47.2(66.7) %

Operating Margin(4.8) %NM4.1 %(630) bps

Diluted EPS from Continuing Operations$(1.07)NM$0.24(83.4) %

bps = basis points

NM = not meaningful

"We had a very solid finish to 2024 characterized by significant cash generation in the fourth quarter, further outboard engine market share gains, successful new product launches, and optimal operating performance in the circumstances, all of which enabled us to conclude full-year 2024 slightly ahead of our recent expectations," said David Foulkes, Brunswick Chief Executive Officer. "Our ongoing diligent management of field inventory and production volumes resulted in well-balanced levels exiting the year, with 36.8 weeks on hand of boats in the U.S. dealer pipeline.

In line with prior expectations, U.S. new boat retail sales ended 2024 down a high single-digit percent versus 2023, with Brunswick performing slightly better than the industry in important premium segments. With dealer and retailer inventories well positioned, our channel partners have shifted their focus towards early season boat shows, which have been fairly encouraging to date.

Our continued focus on cost containment, robust capital strategy execution, and successful efforts to manage working capital resulted in full-year free cash flow conversion of 92%, even as we continued to invest in new products and technologies to support strategic growth initiatives.

As anticipated, reduced production in our propulsion business resulted in lower net sales and operating earnings in the fourth quarter versus 2023, however, we continue to outperform the market and gained 110 basis points of retail outboard engine share in the U.S. during the year.

Our engine parts and accessories businesses delivered slightly lower net sales and earnings in the fourth quarter versus prior year. However, this segment grew earnings and operating margins for the full-year, led by the Products portion of the business and the operational efficiencies resulting from the completed transition to the Brownsburg, Indiana distribution center.

Navico Group sales were essentially flat versus the fourth quarter of 2023, with well received and positioned new products supporting higher net sales in the Aftermarket business versus prior year, and a solid holiday season performance which, together with continued cost control and complexity reduction, resulted in sequentially higher sales and adjusted earnings versus the third quarter. Navico Group continues to invest in market leading technologies and expand its customer base for advanced integrated and connected solutions.

Our boat business delivered sales and earnings in the quarter consistent with expectations, while continuing to ensure healthy pipeline inventory levels as we enter 2025. Strong demand for premium products, together with market share gains in several categories, helped to provide a stable baseline for 2025. Finally, Freedom Boat Club had another strong quarter, continuing to integrate its recent acquisitions while growing membership and attracting a younger and increasingly diverse customer base. Over the past twelve months Freedom added many new locations in the U.S., Europe, Australia, and New Zealand, and plans to continues on a path to add more regions enabled by its convenient, synergistic, and cycle-resilient business model," Foulkes concluded.

2024 Fourth Quarter Results

For the fourth quarter of 2024, Brunswick reported consolidated net sales of $1,154.9 million, down from $1,361.9 million in the fourth quarter of 2023. Diluted EPS for the

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Third Quarter Results

Performance Consistent with Expectations Despite Challenging Marine Market

Third Quarter GAAP Diluted EPS of $0.71 and As Adjusted Diluted EPS of $1.17

Updating 2024 Full-Year Guidance: As Adjusted Diluted EPS of approximately $4.50

METTAWA, Ill., October 24, 2024 -- Brunswick Corporation (NYSE: BC) today reported results for the third quarter of 2024:

Third Quarter 2024 Financial Results:

Q3 2024

in millions (except per share data)GAAPChange vs Q3'23As AdjustedChange vs Q3'23

Net Sales$1,273.3(20.1) %$1,273.3(20.1) %

Operating Earnings$98.4(49.8) %$125.9(45.3) %

Operating Margin7.7 %(460) bps9.9 %(450) bps

Diluted EPS from Continuing Operations$0.71(56.4) %$1.17(51.7) %

bps = basis points

"Our businesses delivered solid results as our continued market share gains, wealth of new products, and expanded contribution from recurring revenue businesses resulted in third quarter financial performance in-line with expectations despite the challenging marine market," said Brunswick Chief Executive Officer, David Foulkes. "We continue to tightly manage field inventory across all our channels, and have adjusted production accordingly, yet are still gaining or maintaining

share in key categories, including U.S. outboard engines, where Mercury delivered 420 basis points of share gains in the third quarter versus prior year.

As we enter the final months of the year, we estimate full year new boat retail unit sales to finish in-line with our expectations of down approximately 10 percent versus prior year. With the core retail selling season behind us and retail discounting levels remaining elevated, dealer re-ordering in some segments is slower than anticipated, leading most boat OEMs to maintain lower production rates, impacting Propulsion and Navico Group OEM orders. However, our aftermarket-based engine parts, accessories, and distribution businesses and Freedom Boat Club continue to perform well as boating participation remains strong. Prudent capital management remains a priority and we recently executed an amendment increasing our revolving credit facility to $1.0 billion and extending the maturity to October 2029. We also increased the size of our commercial paper program permitting the issuance of commercial paper notes up to $1.0 billion to provide further capital flexibility.

As anticipated, our propulsion business delivered lower sales and operating earnings versus the third quarter of 2023, but we continue to outpace the market at retail and have gained 130 basis points of U.S. outboard engine share year-to-date.

Our engine parts and accessories business had another strong quarter, with record operating margins for any quarter and strong year-over-year earnings growth despite slightly lower sales. The completed transition of engine parts and accessories distribution to our new, state-of-the-art facility in Brownsburg, Indiana continues to provide efficiency and delivery time benefits, enabling modest international sales growth versus the prior year quarter.

Navico Group had lower sales and operating earnings versus the third quarter of 2023 as anticipated due to continued soft marine OEM order rates and retailers delaying aftermarket orders until closer to the holiday selling season, which was partially offset by slight international sales growth. Our accelerated pace of product investments is showing benefits including at the recent Cannes Boat Festival where Navico Group products were present on approximately 70 percent of boats exhibited.

Finally, our boat business had sales and operating earnings below the third quarter of 2023, consistent with lower planned production levels and fewer manufacturing days due to the annual summer shutdowns. Freedom Boat Club continues to deliver steady membership sales growth and completed its acquisition of the South Florida franchise operations and territory, further solidifying its leadership position in the largest U.S. boating state.

Our third quarter results again demonstrated the resiliency of our portfolio, with our recurring revenue businesses and channels, including our Engine P&A business, Propulsion’s repower business, Freedom Boat Club, and Navico Group's aftermarket sales, contributing nearly 70 percent of our third quarter adjusted operating earnings. In addition, our businesses delivered strong cash flow, completing $190 million in share repurchases year-to-date and maintaining our commitment to return value to shareholders," Foulkes concluded.

2024 Third Quarter Results

For the third qu

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Second Quarter Results

Resolute Performance in Challenging Marine Market

Second Quarter GAAP Diluted EPS of $1.55 and As Adjusted Diluted EPS of $1.80

Lowering 2024 Full-Year Guidance: Net Sales of $5.2 to $5.4 billion; As Adjusted Diluted EPS in the range of $5.00 to $5.50

METTAWA, Ill., July 25, 2024 -- Brunswick Corporation (NYSE: BC) today reported results for the second quarter of 2024:

Second Quarter 2024 Financial Results:

Q2 2024

in millions (except per share data)GAAPChange vs Q2'23As AdjustedChange vs Q2'23

Net Sales$1,443.9(15.2) %$1,443.9(15.2) %

Operating Earnings$158.3(18.6) %$180.8(23.0) %

Operating Margin11.0 %(40) bps12.5 %(130) bps

Diluted EPS from Continuing Operations$1.55(18.8) %$1.80(23.4) %

bps = basis points

"With high interest rates continuing to pressure consumer budgets and suppress discretionary spending, the introduction of new model year products at the beginning of the important month of June did not catalyze boat purchases as we had anticipated, and our second quarter results were slightly below expectations," said Brunswick Chief Executive Officer, David Foulkes.

"Continued slower retail sales, combined with higher levels of discounting and carrying costs, have increased pressure on dealer and channel partner profit margins resulting in ongoing conservative wholesale ordering patterns which, in turn, is causing OEMs to maintain lower boat production rates through the main selling season, impacting Propulsion and Navico Group OEM orders.

With significantly slower retail sales in the peak sales months, we now expect full year retail unit sales to be down approximately 10% versus our original forecast of flat. As a result of heightened demand stimulation efforts focused on clearing more aged inventory, our remaining field inventory is very fresh, with approximately 85 percent of field units being current. Our focus continues on leveraging our new products and adjusting production levels to maintain or gain share in key categories while diligently managing field inventory levels to end the year with weeks-on-hand at appropriate levels and units below prior year.

Despite our propulsion business delivering lower sales and operating earnings versus the second quarter of 2023, year-to-date we continue to gain share in outboard engines, with more than 48 percent overall share of the U.S. outboard market. In addition, Propulsion's controls, rigging, and propeller product category had a strong quarter with operating margins ahead of the same period in 2023.

With boating participation continuing to be very solid in our major global markets, our engine parts and accessories business had a strong quarter, with sales and operating earnings up versus the second quarter of 2023, as we completed the full transition of engine parts and accessories distribution to our new, state-of-the-art facility in Brownsburg, Indiana.

As anticipated, Navico Group had lower sales and operating earnings versus the second quarter of 2023 due to reduced marine OEM order rates and persistently slow RV orders but continued to show stability, sequential improvement in aftermarket sales, and overall sales and earnings consistent with first quarter results.

Finally, our boat business had a solid performance given market conditions, with sales and operating earnings below second quarter of 2023, consistent with lower planned production levels. Freedom Boat Club continues to deliver steady membership sales growth and has added two more flagship locations in Denmark and the U.K., all while generating exceptionally strong synergy sales across our marine portfolio.

Despite lower sales and earnings, the resiliency of our portfolio is being demonstrated, with our recurring revenue businesses and channels, including our engine P&A business, Propulsion’s repower business, Freedom Boat Club, and Navico Group's aftermarket sales, contributing more than 50 percent of our Q2 adjusted operating earnings. In addition, our businesses delivered strong cash flow, enabling $170 million to be deployed for share repurchases year-to-date, further solidifying our focus on returning value to shareholders," Foulkes concluded.

2024 Second Quarter Results

For the second quarter of 2024, Brunswick reported consolidated net sales of $1,443.9 million, down from $1,702.3 million in the second quarter of 2023. Diluted EPS for the quarter was $1.55 on a GAAP basis and $1.80 on an as adjusted basis. Second quarter sales were below prior year as the impact of continued lower wholesale ordering by dealers

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Document

News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports First Quarter Results

Solid First Quarter Performance, Consistent with Expectations

First Quarter GAAP Diluted EPS of $1.00 and As Adjusted Diluted EPS of $1.35

Reiterating 2024 Full-Year Guidance: Adjusted Diluted EPS in the range of $7.00 to $8.00

METTAWA, Ill., April 25, 2024 -- Brunswick Corporation (NYSE: BC) today reported results for the first quarter of 2024:

First Quarter 2024 Financial Results:

Q1 2024

in millions (except per share data)GAAPChange vs Q1'23As AdjustedChange vs Q1'23

Net Sales$1,365.0(21.7) %$1,365.0(21.7) %

Operating Earnings$110.6(53.2) %$141.5(46.1) %

Operating Margin8.1 %(540) bps10.4 %(460) bps

Diluted EPS from Continuing Operations$1.00(35.9) %$1.35(47.5) %

bps = basis points

"Our businesses delivered solid results, consistent with expectations, as our continued market share gains, benefits from a wealth of outstanding new products, and comprehensive cost control measures resulted in financial performance in-line with estimates, despite continued economic uncertainty. Our early season internal boat unit retail performance is tracking with our initial outlook

of flat to 2023, with boat show results slightly above prior year levels on a unit basis and with a richer mix of premium products.

We continue to support retail sales with levels of marketing and promotions appropriate to the environment, while successfully managing field inventory to target levels ahead of the prime selling season. Marine dealers, manufacturers and retailers continue to demonstrate caution with early-season wholesale ordering patterns, resulting in reduced shipment rates across our product businesses as compared to the first quarter of 2023 in which pipelines were being filled. During the quarter, we successfully completed a planned debt issuance of $400 million to cover the refinance of our only near-term debt, further solidifying our cash position and balance sheet," said Brunswick Chief Executive Officer, David Foulkes.

Our propulsion business delivered lower sales and operating earnings versus a record first quarter in 2023 as boat manufacturers and dealers moderated orders and managed production of current model year products and pipelines ahead of the retail season and model-year change-over. However, Mercury continued to outperform the industry, gaining 200 basis points of U.S. outboard engine market share versus the first quarter of 2023, with robust gains in 150 horsepower and greater categories.

Our engine parts and accessories business continued its steady performance with sales and operating earnings down modestly from the first quarter of 2023 as anticipated but sequentially increasing over the prior quarter. Early season weather patterns have been supportive of boating in the Northern U.S., and with normalized inventory levels across the dealer network and continued strong boating participation should contribute to year-over-year top-line and earnings growth for the remainder of the year.

As expected, Navico Group had lower sales and operating earnings versus the first quarter of 2023, but delivered sequential sales growth and consistent adjusted operating earnings versus the prior quarter. Navico Group continues to focus investment in new products, including the recently launched Simrad NSX Ultrawide multi-function display which has been very well received by customers, and several important new product launches planned for the remainder of the year.

Finally, our boat business performed to plan, with exceptional retail performance by Boston Whaler and Sea Ray at early season boat shows, while continuing to introduce new models to support market share gains. Sales and operating earnings were below the prior year quarter consistent with lower planned production levels, while operating margins improved sequentially from the prior quarter. Freedom Boat Club continues to deliver steady membership sales growth and now has 413 locations network-wide, all while generating exceptionally strong synergy sales across our marine portfolio," Foulkes concluded.

2024 First Quarter Results

For the first quarter of 2024, Brunswick reported consolidated net sales of $1,365.0 million, down from $1,743.6 million in the first quarter of 2023. Diluted EPS for the quarter was $1.00 on a GAAP basis and $1.35 on an as adjusted basis. First quarter sales were below prior year as the impact of continued measured wholesale ordering by dealers and OEMs, coupled with higher discounts in some business segments, was only partially offset by annual price increases, mar

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Fourth Quarter and Full-Year Results

Successful 2023 Despite Challenging Environment

Outstanding Full Year Operating and Free Cash Flow Generation

Full-Year GAAP Diluted EPS of $6.13 and As Adjusted Diluted EPS of $8.80

2024 Guidance: Net Sales Between $6.0 and $6.2 Billion; Adjusted Diluted EPS Range of $7.00 - $8.00

METTAWA, Ill., February 1, 2024 -- Brunswick Corporation (NYSE: BC) today reported full-year and fourth quarter results for 2023:

2023 Full-Year Highlights:

FY 2023

in millions (except per share data)GAAPChange vs FY'22As AdjustedChange vs FY'22

Net Sales$6,401.4(6.0) %$6,401.4(6.0) %

Operating Earnings$734.9(22.5) %$869.3(17.1) %

Operating Margin11.5 %(240) bps13.6 %(180) bps

Diluted EPS from Continuing Operations$6.13(32.3) %$8.80(12.3) %

bps = basis points

Fourth Quarter 2023 Highlights:

Q4 2023

in millions (except per share data)GAAPChange vs Q4'22As AdjustedChange vs Q4'22

Net Sales$1,361.9(14.0) %$1,361.9(14.0) %

Operating Earnings$108.3(43.5) %$141.9(29.8) %

Operating Margin8.0 %(410) bps10.4 %(240) bps

Diluted EPS from Continuing Operations$1.03(46.6) %$1.45(27.1) %

bps = basis points

"Strong cash generation, high-horsepower outboard market share gains, and steady operating performance in the fourth quarter helped close out a successful 2023 in which Brunswick delivered the second highest sales and adjusted EPS in Company history," said David Foulkes, Brunswick Chief Executive Officer. "Despite the challenging macroeconomic backdrop leading to some consumer and channel caution, resilient demand for our products and services, especially across our premium brands, together with continued cost containment and robust capital strategy execution, allowed us to deliver strong earnings and sector-leading shareholder returns, again demonstrating the robustness of our portfolio. Further, focused efforts to control inventory levels and spending enabled exceptional free cash flow conversion of 143% in the second half of the year, even while we continued to invest in new products, technologies and facilities to secure future growth."

In line with prior expectations, U.S. new boat retail sales ended 2023 down mid-to high single-digit percent versus 2022, with Brunswick performing slightly better than the overall market. With OEM, dealer and retailer inventories ending the year at appropriate levels across all our product lines, we expect our customers and distribution partners to begin 2024 with cautious ordering patterns as they weigh uncertain economic conditions and consumer health in our global markets.

Our propulsion business finished its second-best year on record, leveraging new products, market share gains and operational efficiencies to deliver consistent year-over-year operating margins despite slightly lower sales and earnings versus the historical highs in 2022. For the full-year, Mercury gained 50 basis points of overall retail outboard engine share in the U.S., and 150 basis points of retail share in outboard engines over 30 horsepower, which accounts for the majority of Mercury's investment in recent years.

Our engine parts and accessories businesses delivered another strong quarter, with Products sales up versus 2022 for the second straight quarter, and Distribution sales only slightly down versus prior year. Operating earnings and margin remained healthy, but were negatively impacted by operating variances, including those related to the final stages of the transition to the Brownsburg, Indiana distribution center.

Navico Group had a solid finish to the year, as an increased flow of new products and continued focus on cost control, business integration, and complexity reduction helped to offset a softer marine OEM market in the quarter and the considerably slower RV manufacturing environment. Despite these overall market headwinds resulting in lower sales and earnings in 2023, Navico Group continues to invest in market leading technologies and expand its customer base for integrated and connected solutions.

Finally, our boat business delivered sales and earnings in the quarter consistent with expectations, while continuing to ensure healthy pipeline inventory levels as we enter 2024. Strong demand for premium products, together with market share gains in many categories, is helping to provide a stable baseline for 2024. Freedom Boat Club had another strong quarter, continuing to integrate its recent acquisitions while growing membership and attracting a younger and increasingly diverse customer base. Over the past twelve months

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Third Quarter Results

Solid Performance Despite Challenging Backdrop

Third Quarter GAAP Diluted EPS of $1.63 and As Adjusted Diluted EPS of $2.42

Updated 2023 Full-Year Guidance: Adjusted Diluted EPS of Approximately $9.00

METTAWA, Ill., October 26, 2023 -- Brunswick Corporation (NYSE: BC) today reported results for the third quarter of 2023:

Third Quarter 2023 Financial Results:

Q3 2023

in millions (except per share data)GAAPChange vs Q3'22As AdjustedChange vs Q3'22

Net Sales$1,593.6(6.2) %$1,593.6(6.2) %

Operating Earnings$196.1(17.5) %$230.1(17.5) %

Operating Margin12.3 %(170) bps14.4 %(200) bps

Diluted EPS from Continuing Operations$1.63(27.9) %$2.42(9.4) %

bps = basis points

"We delivered a solid third quarter as our continued market share gains, strength in new products, efficient operations at our facilities, comprehensive cost control measures, and the resilient composition of our portfolio drove strong earnings and free cash flow despite the ongoing challenging macro-economic backdrop. Extended summer weather in many parts of the U.S.

allowed for additional boating time and drove year-over-year growth in Engine P&A Products sales. However, marine dealers continue to demonstrate some caution with stocking levels as we exit the primary retail selling season in large parts of the U.S. Unit sales in the U.S. new boat market showed slight directional improvement with preliminary third quarter flat and year-to-date down 7.5%, with Brunswick growing share in both periods. We continue to monitor retail market conditions closely, increasing support for retail sales as needed, actively managing boat pipelines to achieve year-end levels within historical norms, and generating strong free cash flow which, year-to-date, is $233 million greater than in the first nine months of 2022, all while advancing our strategic initiatives, including our ACES strategy," said Brunswick Chief Executive Officer, David Foulkes.

Our propulsion business delivered top-line growth with slightly lower earnings versus a record third quarter 2022, driven by growth in outboard engines, especially in high-horsepower categories, and controls and rigging, offset by relatively weaker sterndrive sales. Mercury Marine continues to expand outboard propulsion retail market share around the globe and has gained 90 basis points of U.S. retail market share in 2023, with gains in 300 horsepower and greater categories.

Our resilient engine parts and accessories business continued its steady in-season performance with Engine P&A Products sales up versus third quarter 2022. Distribution business sales were down year-over-year, but showed relative improvement from earlier in the year as dealer and retailer inventory destocking patterns moderated. Operations continue to improve as the transition to the new Brownsburg, Indiana distribution center nears completion.

As anticipated, Navico Group posted higher gross and operating margins versus third quarter 2022 despite lower sales, as slower marine and RV OEM orders offset improving trends in aftermarket channels. Retailer stocking continues to recover as we enter the fourth quarter, with well-received new product offerings expected to drive strong retail pull-through during the holiday season. Additionally, acceleration of our planned integration, restructuring and cost reduction efforts resulted in lower operating expenses versus prior year.

Finally, our boat business performed to plan, continuing to introduce new models and white-space brands and gaining share, while adjusting production to manage pipelines. Sales and earnings were below prior year as anticipated, with premium fiberglass products continuing to outperform value products. Freedom Boat Club continues to deliver steady membership sales and recently

announced its 400th location. Freedom is nearing 60,000 membership agreements covering more than 91,000 members network-wide, all while generating exceptionally strong synergy sales across our marine portfolio," Foulkes concluded.

Reportable Segment Changes

As a reminder, effective January 1, 2023, we updated our reportable segments from three segments to four: Propulsion, Engine Parts & Accessories, Navico Group, and Boat. Therefore, for all periods presented in this release, all figures and outlook statements incorporate this change. Please see the Current Report on Form 8-K filed with the Securities and Exchange Commission on April 10, 2023 for more information.

2023 Third Quarter Results

For the third quarter of 2023, Brunswick reported

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Second Quarter Results

Resilient Performance, Despite Challenges

Second Quarter GAAP Diluted EPS of $1.91 and As Adjusted Diluted EPS of $2.35

Updated 2023 Guidance: Adjusted Diluted EPS of Approximately $9.50

METTAWA, Ill., July 27, 2023 -- Brunswick Corporation (NYSE: BC) today reported results for the second quarter of 2023:

Second Quarter 2023 Financial Results:

Q2 2023

in millions (except per share data)GAAPChange vs Q2'22As AdjustedChange vs Q2'22

Net Sales$1,702.3(7.3) %$1,702.3(7.3) %

Operating Earnings$194.4(30.3) %$234.9(21.8) %

Operating Margin11.4 %(380) bps13.8 %(260) bps

Diluted EPS from Continuing Operations$1.91(26.8) %$2.35(16.7) %

bps = basis points

"Our businesses executed a strong second quarter, benefiting from market share gains, well-received new products, solid operational performance and diligent cost control. The new boat market remains challenging, and year-to-date new boat sales remain below 2022, but there has been relative improvement in recent months, with preliminary June U.S. SSI main powerboat retail

turning positive and Brunswick outperforming the industry both in June and year-to-date," said Brunswick Chief Executive Officer David Foulkes.

"On June 13, the Company announced it was impacted by an IT security incident, which ultimately resulted in financial results that were lower than initial expectations. The disruption associated with the IT security incident was most significant in our propulsion and engine parts and accessories segments and, because of the proximity to the end of the quarter, there was limited opportunity to recover within the period. Within nine days, the Company announced that all primary global manufacturing and distribution facilities were fully operational, and there are no significant residual impacts. The speed at which the Company recovered is a testament to the strength and resilience of our team.

Despite the disruption and continued market challenges, we are relentlessly executing our strategic priorities, including advancing our ACES initiatives, and maintaining a tight focus on generating strong free cash flow, which year-to-date is $144 million greater than in the first half of 2022.

Our propulsion business results were below initial expectations solely due to the lost production days, particularly on high-horsepower outboard engines, resulting from the IT security incident. Prior to the disruption, our high-horsepower outboard engine production ramp up was progressing and has since resumed, allowing us to increase shipments to repower customers and OEM partners. Mercury Marine continues to expand outboard propulsion retail market share around the globe, gaining 460 basis points of U.S. retail market share in the second quarter, and a total of 140 basis points year-to-date, once again demonstrating the strength of our comprehensive product portfolio.

Our engine parts and accessories businesses performed as expected, excluding the impact of the IT security incident, reflecting anticipated sales and earnings declines versus a record second quarter of 2022, although sales were up twelve percent versus second quarter of 2019. Second quarter sales in the U.S. Products portion of the business remained resilient, and would have been essentially flat to 2022 absent the impact of the IT security incident. We continue to progress the transition to the new Brownsburg, Indiana distribution center, however, sales were down versus 2022 as dealers and retailers continued to hold lower levels of inventory, although turns have improved into the season.

As anticipated, Navico Group posted lower second quarter sales versus prior year as both marine and RV OEM orders slowed versus a record prior year quarter. Retailer stocking patterns showed improvement as we exited the quarter and we are also beginning to lap more favorable comparisons. Our new product launches, including the Lowrance HDS Pro fishfinder, are performing very well with retailers experiencing continued high consumer demand since initial stocking. Additionally, planned restructuring and cost reduction efforts continue to be accelerated, resulting in lower operating expenses versus prior year.

Finally, our boat business delivered a solid quarter with double-digit adjusted operating margins for the fifth consecutive quarter. Sales were slightly below prior year while adjusted operating earnings were slightly above prior year. Preliminary second quarter U.S. SSI main powerboat retail unit sales improved sequentially from the first quarter with

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Corporation Announces Preliminary Second Quarter 2023 Results

METTAWA, Ill., July 19, 2023 -- Brunswick Corporation (NYSE: BC) today announced preliminary financial results for the fiscal second quarter ended July 1, 2023, anticipating:

•Revenue of approximately $1.7B.

•GAAP EPS in the range of $1.85 to $1.90 and Adjusted EPS in the range of $2.30 to $2.35; and

•Strong Free Cash Flow generation.

The preliminary results are below initial expectations for the quarter due solely to the impacts of the recent IT security incident that was disclosed in June, absent which, the Company believes it would have met or exceeded the Adjusted EPS guidance previously provided for the second quarter.

“The second quarter financial impact of the production and distribution disruption was felt almost entirely within our Propulsion and Engine P&A segments and, while our facilities and systems are now fully operational, because of the proximity of the disruption to the end of the quarter, there was limited opportunity to recover in the period,” said Dave Foulkes, Brunswick Corporation CEO. “As we look to the balance of the year, we see opportunity to recover some of the losses, but the lost production of high horsepower outboard engines will be difficult to compensate because we plan to be in full production for the balance of the year with limited ability to overdrive.”

“For the full year, while we see some positive signals, with stronger than expected new boat retail in the recent months and continued high Mercury retail market share, the impact of the IT security incident combined with anticipated continued pressure on consumers globally, lead us to be cautious regarding second-half financial performance. These factors, coupled with our disciplined management of inventory levels across our businesses as we plan forward, direct our full-year Adjusted EPS expectations to now be approximately $9.50.”

The Company will provide more details on its second quarter results and full-year outlook during its earnings call on July 27, 2023.

Use of Non-GAAP Financial Information

A reconciliation of GAAP to non-GAAP financial measures used in this release is provided in the reconciliation section accompanying this release.

In order to better align Brunswick's reported results with the internal metrics used by Brunswick's management to evaluate business performance as well as to provide better comparisons to prior periods and peer data, non-GAAP measures used in this release exclude the impact of purchase accounting amortization related to acquisitions, among other adjustments.

Brunswick does not provide forward-looking guidance for certain financial measures on a GAAP basis because it is unable to predict certain items contained in the GAAP measures without unreasonable efforts. These items may include restructuring, exit and impairment costs, special tax items, acquisition-related costs, and certain other unusual adjustments.

Second Quarter Earnings and Conference Call Scheduled for July 27, 2023

Brunswick Corporation (NYSE: BC) will release its second quarter 2023 financial results on Thursday, July 27, 2023 before the market opens by way of an advisory release, notifying the public that the complete and full-text results will be available on the Company’s website at https://ir.brunswick.com. The results will also be available on the SEC’s website with the Form 8-K filing of the release at http://goo.gl/wJQN1.

The Company will hold a conference call at 10 a.m. CST/ 11 a.m. EST, Thursday, July 27, 2023, hosted by David M. Foulkes, chief executive officer, Ryan M. Gwillim, executive vice president and chief financial officer and Neha Clark, senior vice president, enterprise finance. A copy of the presentation to be used on this call will be available when the results are released as noted above.

Security analysts and investors wishing to participate via telephone should call 877-900-9524 (No Password Needed). Callers outside of North America should call 412-902-0029 (No Password Needed) to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call.

To listen via the Internet, go to www.brunswick.com/investors. Please go to the website at least 15 minutes before the call to register, download and install any needed audio software.

A replay of the conference call will be available through 1pm CST August 3, 2023, by calling 877-660-6853 or 201-612-7415 (Access ID: 13739782). The replay also will be available at www.brunswick.com/investors.

Forward-Looking

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports First Quarter Results

Continued Robust Operating Performance Drives Outstanding First Quarter Results

First Quarter GAAP Diluted EPS of $1.56 and As Adjusted Diluted EPS of $2.57

Reiterating 2023 Guidance: Adjusted Diluted EPS Range of $9.50 - $11.00

METTAWA, Ill., April 27, 2023 -- Brunswick Corporation (NYSE: BC) today reported results for the first quarter of 2023:

First Quarter 2023 Highlights:

Q1 2023

in millions (except per share data)GAAPChangeAs AdjustedChange

Net Sales$1,743.62.8 %$1,743.62.8 %

Operating Earnings$236.1(1.4) %$262.4(1.9) %

Operating Margin13.5 %(60) bps15.0 %(80) bps

Diluted EPS from Continuing Operations$1.56(30.7) %$2.571.6 %

bps = basis points

"Our businesses had a strong start to the year, as continued operational strength, benefits from outstanding new products, and prudent cost management in a challenging macro-economic environment resulted in sales, margin, and EPS performance that exceeded expectations for the quarter," said Brunswick Chief Executive Officer David Foulkes. "We experienced better than

anticipated boat show results, indicating a resilient consumer, and boat field inventory levels are healthier as we enter the primary retail season. Additionally, our free cash flow performance improved by $135 million versus Q1 2022, further solidifying our cash position and balance sheet, and enabling higher than planned share repurchases during the quarter.

Our propulsion business delivered exceptional results, with increased high-horsepower outboard engine production, enabled by the recent capacity expansion, allowing us to increase shipments to many international customers and OEM partners. In the last five years, Mercury Marine has gained over 600 basis points of share in 150 horsepower and above outboard engine categories in the U.S., which was once again demonstrated by significant gains in the share of high-horsepower Mercury outboards on display at the large saltwater boat shows in the quarter. Strong product mix coupled with operating efficiencies resulted in record first quarter operating earnings and margins.

Our engine parts and accessories businesses delivered a steady quarter, but as expected, saw sales and earnings declines versus the record first quarter of 2022, although sales were up 35 percent versus first quarter of 2019. First quarter sales in the U.S. Products portion of the business were ahead of Q1 2022, while sales through our third-party Distribution businesses were down versus 2022 as dealers and retailers right-sized inventories.

As anticipated, Navico group had a challenging start to the quarter, with lower sales into the retail channel and unfavorable foreign currency exchange rates leading to top-line declines early in the quarter but with notable improvement in March. Operating earnings declined versus prior year as lower sales coupled with higher material inflation and temporary margin pressures related to a new product launch were partially offset by the positive impact of major restructuring actions and cost reduction measures implemented in the quarter which we anticipate will yield full benefit in subsequent periods.

Finally, our boat business posted robust top-line and earnings growth, with double-digit adjusted operating margins for the fourth consecutive quarter. As expected, our internal retail units were down in the quarter against a strong Q1 2022 comparison, but March retail was slightly ahead of prior year. Freedom Boat Club had strong same store membership sales in the quarter, and now has more than 380 locations, and nearly 55,000 membership agreements covering 87,000 members

network-wide, all while generating exceptionally strong synergy sales across our marine portfolio," Foulkes concluded.

Reportable Segment Changes

As a reminder, effective January 1, 2023, we updated our reportable segments from three segments to four: Propulsion, Engine Parts & Accessories, Navico Group, and Boat. Therefore, for all periods presented in this release, all figures and outlook statements incorporate this change. Please see the Current Report on Form 8-K filed with the Securities and Exchange Commission on April 10, 2023 for more information.

2023 First Quarter Results

For the first quarter of 2023, Brunswick reported consolidated net sales of $1,743.6 million, up from $1,695.7 million in the first quarter of 2022. Diluted EPS for the quarter was $1.56 on a GAAP basis and $2.57 on an adjusted basis. Sales in each segment benefited from the impact of annualized price increases and new product perfo

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News Release

Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Fourth Quarter and Full-Year Results

Strong Fourth Quarter Delivers Record Full-Year Revenue, Operating Margin, and Earnings

Full-Year GAAP Diluted EPS of $9.06 and As Adjusted Diluted EPS of $10.03

Fourth Quarter GAAP Diluted EPS of $1.93 and As Adjusted Diluted EPS of $1.99

2023 Guidance: Net Sales Between $6.8 and $7.2 Billion; Adjusted Diluted EPS Range of $9.50 - $11.00

METTAWA, Ill., February 2, 2023 -- Brunswick Corporation (NYSE: BC) today reported full-year and fourth quarter results for 2022:

2022 Full-Year Highlights:

FY 2022

in millions (except per share data)GAAPChangeAs AdjustedChange

Net Sales$6,812.216.5 %$6,812.216.5 %

Operating Earnings$947.816.6 %$1,048.718.3 %

Operating Margin13.9 %— bps15.4 %20 bps

Diluted EPS from Continuing Operations$9.0619.4 %$10.0321.1 %

bps = basis points

Fourth Quarter 2022 Highlights:

Q4 2022

in millions (except per share data)GAAPChangeAs AdjustedChange

Net Sales$1,582.710.6 %$1,582.710.6 %

Operating Earnings$191.657.3 %$202.229.4 %

Operating Margin12.1 %360 bps12.8 %190 bps

Diluted EPS from Continuing Operations$1.9347.3 %$1.9938.2 %

bps = basis points

"Another strong performance in the fourth quarter capped an outstanding 2022 in which Brunswick delivered record sales, operating margins, and operating earnings, with our boat business' full-year adjusted operating margin exceeding 10 percent for the first time in company history" said David Foulkes, Brunswick Chief Executive Officer. "Our exceptional operating performance and cost containment in a challenging macro-economic environment continues to highlight the strength of our businesses, our leaders, and the durability of our portfolio and earnings profile. Further, our flexible and prudent capital strategy enables robust investment in new products, capacity, and technology to drive future growth, and at the same time delivers strong shareholder returns.

Our propulsion business delivered another quarter of strong top-line and earnings growth. Favorable product mix and pricing actions taken earlier in the year led to higher sales and operating margins than the prior year quarter. Mercury's sustained investment in outboard engines continues to deliver strong returns, as Mercury has gained ~300 basis points of overall retail share in the U.S. and more than 10 percentage points in over 300hp engines since December 2019. Our previously announced project to increase capacity at our Fond du Lac, WI campus, primarily for higher horsepower outboards, is materially complete and will enable increased production for recently underserved international and repower channels, together with new and existing OEM customers in 2023 and beyond.

Our parts and accessories businesses returned to more normal seasonality in the quarter, though still delivered earnings and margin growth as anticipated. Sales were impacted by certain headwinds, including currency, leading to slightly lower top-line performance; however, on a full year basis, revenue was down less than 1 percent excluding the impact of currency and acquisitions versus a record 2021. Operating earnings and margin growth was broad based across P&A

businesses in the quarter, with notably strong growth in the legacy Navico business as optimized pricing coupled with the initial benefits of the redesigned organization and spending containment offset higher input costs and unfavorable currency impacts.

Lastly, our boat business delivered exceptional top-line and earnings growth in the quarter, reaching 10.2 percent full-year adjusted operating margins, while continuing to ensure healthy pipeline inventory levels as we enter 2023. Strong demand for our new products, operational efficiencies and diligent supply chain management, more than offset inflationary factors to deliver outstanding performance. Finally, Freedom Boat Club had another strong quarter, continuing to integrate its 2022 acquisitions while growing membership and attracting a younger and increasingly diverse customer base. Our Southwest Florida operations, which were impacted by Hurricane Ian at the end of the third quarter, have substantially recovered and all locations have now reopened. Over the past twelve months, Freedom added many new locations in the U.S. and Europe, and now has more than 370 locations and a fleet of approximately 5,000 boats with an increasing percentage of Brunswick boats and engines," Foulkes concluded.

2022 Fourth Quarter Results

For the fourth quarter of 2022, Brunswick reported consolidated net sales of $1,582.7 million, up from

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Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Third Quarter Results

Strong Operating Performance Drives Record Third Quarter

Third Quarter GAAP Diluted EPS of $2.26 and As Adjusted Diluted EPS of $2.67

2022 Guidance: Adjusted Diluted EPS of Approximately $10.00

METTAWA, Ill., October 27, 2022 -- Brunswick Corporation (NYSE: BC) today reported results for the third quarter of 2022:

Third Quarter 2022 Highlights:

Q3 2022

$ in millions (except per share data)GAAPChange vs Q3'21As AdjustedChange vs Q3'21

Net Sales$1,698.2 19.0 %$1,698.2 19.0 %

Operating Earnings$237.7 13.7 %$278.8 26.1 %

Operating Margin14.0 %(60) bps16.4  %90  bps

Diluted EPS from Continuing Operations$2.26 22.2 %$2.67 29.0 %

bps = basis points

"We executed an exceptional third quarter as our new products, strategic investments, continued operational efficiency, and prudent cost control in a challenging macro-economic environment, together with a resilient marine market, resulted in record sales, operating margins, and earnings for any third quarter in our history," said Brunswick Chief Executive Officer David Foulkes. "We

delivered the quarter despite additional challenges, with Hurricane Ian significantly impacting our many Florida facilities and operations during the end of the quarter, certain specific supply chain shortages at Mercury and Navico Group that could not be fully resolved by the end of the quarter, and unfavorable changes in foreign currency exchange rates negatively impacting sales and earnings more than anticipated. On the positive side, aside from one distribution facility and approximately ten Freedom Boat Club locations, our Florida facilities are operational again, demand for our products remains strong, and boat field inventory levels are getting healthier as pipeline inventory remains nearly 40 percent lower at the end of the quarter versus the same time in 2019. Lastly, our U.S. Engine Parts and Accessories business had solid sales and earnings growth in the quarter.

Our propulsion business continues to deliver exceptional results, with sequentially higher operating earnings and operating margin enabled by operating efficiencies, market share gains, and higher production enabled by capacity expansion. During the quarter, Mercury Marine gained 100 basis points of outboard propulsion retail market share in the U.S. and continues to expand outboard propulsion share in many global markets as recently seen at the Cannes Boat Show where Mercury had a record 65 percent outboard share on the water. Mercury was notably impacted by a couple of discrete supply chain issues in the quarter, one of which led to nearly 2,500 mid-range outboard engines awaiting one component for completion at the close of the period, which we expect to be mostly remediated in the fourth quarter. Despite these challenges, our propulsion business delivered accretive operating margins as operating investments and cost controls offset supply chain challenges. Additionally, the previously mentioned new high horsepower outboard engine capacity in the Fond du Lac, Wisconsin facility remains on budget and on track to come online in the fourth quarter of this year.

Our parts and accessories businesses delivered strong sales growth, led by benefits from acquisitions completed in 2021, solid Engine P&A sales, and strong OEM sales from Navico Group. P&A segment operating earnings were down slightly versus prior year, primarily related to unfavorable changes in foreign currency exchange rates and continued slowness in retailer and distributor restocking patterns despite solid consumer sell-through. The distribution business in Florida was disrupted by Hurricane Ian, as transportation and certain warehouse locations were not available during the last week of the quarter. Lastly, the recently announced Navico Group operating

model changes are mainly complete and are anticipated to begin yielding planned synergies in the fourth quarter.

Our boat business posted robust top-line and earnings growth, with double-digit operating margins for the second consecutive quarter. We closed our Florida boat manufacturing facilities for most of the last week of the third quarter due to Hurricane Ian, with minimal damage to the facilities allowing for manufacturing and shipping operations to resume the following week. Freedom Boat Club had record same store membership sales increases in the quarter, but its Southwest Florida operations were significantly impacted by Hurricane Ian, with more than 100 boats damaged and a small number of locations unlikely to re-open until 2023. However, Freed

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Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Neha Clark

Senior Vice President Enterprise Finance

Phone:847-735-4001

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Affairs

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Second Quarter Results

Continued Outstanding Operating Performance Drives Record Results

Second Quarter GAAP Diluted EPS of $2.61 and As Adjusted Diluted EPS of $2.82

Narrowing 2022 Guidance: Adjusted Diluted EPS Range of $10.00 - $10.30

METTAWA, Ill., July 28, 2022 -- Brunswick Corporation (NYSE: BC) today reported results for the second quarter of 2022:

Second Quarter 2022 Highlights:

Q2 2022

$ in millions (except per share data)GAAPChange vs Q2'21As AdjustedChange vs Q2'21

Net Sales$1,835.6 18.1  %$1,835.6 18.1 %

Operating Earnings$279.0 11.5  %$300.2 12.7 %

Operating Margin15.2 %(90) bps16.4  %(70) bps

Diluted EPS from Continuing Operations$2.61 14.0 %$2.82 11.9 %

bps = basis points

"For the second quarter, we delivered our first ever quarter with $300 million of adjusted operating earnings, and together with record revenue and EPS, continued our trend of exceptional performance in a challenging macro-economic landscape. We maintained our strong focus on cost control and operational efficiencies, while still continuing to invest in new capacity, new product

programs, and ACES initiatives necessary to fuel growth and market share gains," said Brunswick Chief Executive Officer David Foulkes. "Consumer demand for our products remained strong as we worked through a period of tougher year-over-year retail comparisons versus a particularly strong first-half of 2021, while being impacted by continued low field inventory and some enduring supply chain disruptions. Global boat field inventory levels were 55 percent lower at the end of the second quarter 2022 versus the same time in 2019, with inventory levels in certain product categories, including Saltwater Fish and Recreational Fiberglass, remaining at historic lows and with substantial backlogs of retail-ordered product.

Our propulsion business continues to deliver outstanding results, with record sales, operating earnings, and operating margins enabled by increased production and operating efficiencies. Mercury Marine continues to expand outboard propulsion retail market share around the globe, led by gains in high-horsepower categories, and has now gained share in each of the last five years in outboard engines above 75 horsepower in the U.S., capturing an increase of almost 600 basis points. As the additional outboard engine capacity at the Fond du Lac, Wisconsin facility comes online towards the end of this year, and supply constraints are alleviated, we expect further global market share gains.

Our parts and accessories businesses delivered strong sales growth, as benefits from acquisitions completed in 2021, steady engine P&A sales in the U.S., and strong OEM sales from our Advanced Systems Group helped to offset headwinds related to early-quarter poor weather in certain northern locations, constrained supply of some third-party product-lines to our distribution businesses, and retailers returning to more normal stocking patterns. Segment earnings were flat against an extremely strong second quarter 2021 but were far in excess of 2019 as boating participation remains significantly elevated and continues to drive our aftermarket businesses.

Our boat business posted robust top-line growth in the quarter, with double-digit operating margins which increased sequentially for the third consecutive quarter. Each product category delivered strong top-line growth, with our Aluminum Fishing and Recreational Fiberglass brands also significantly expanding operating margins. Finally, Freedom Boat Club continues on its growth trajectory in the U.S. and Europe, and now has more than 360 locations, over 50,000 membership agreements covering 80,000 members network-wide, and a fleet of almost 5,000 boats, all while generating exceptionally strong synergy sales across our marine portfolio.

On capital strategy, we took further advantage of the overall market and sector value dislocation to complete $140 million of share repurchases in the quarter, bringing year-to-date repurchases to $220 million. We plan to maintain a similar pace in the third quarter and are significantly increasing our 2022 annual share repurchase target to $400 million, enabled by a fresh board authorization of $500 million. Combined with our regular quarterly dividend of $0.365, we expect capital returned to shareholders to exceed $500 million in 2022, an all-time high," Foulkes concluded.

2022 Second Quarter Results

For the second quarter of 2022, Brunswick reported consolidated net sales of $1,835.6 million, up from $1,554.8 million in the second quarter of 2021. Di

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Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700

Release:IMMEDIATE

Contact:Brent Dahl

Vice President - Investor Relations

Phone:847-735-4039

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Relations

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports First Quarter Results

Continued Strong Demand and Operating Performance Drive Outstanding Results

First Quarter GAAP Diluted EPS of $2.25 and As Adjusted Diluted EPS of $2.53

Increasing 2022 Guidance: Adjusted Diluted EPS Range of $9.80 - $10.30

METTAWA, Ill., April 28, 2022 -- Brunswick Corporation (NYSE: BC) today reported results for the first quarter of 2022:

First Quarter 2022 Highlights:

Q1 2022

$ in millions (except per share data)GAAPChange vs Q1'21As AdjustedChange vs Q1'21

Net Sales$1,695.7 18.3  %$1,695.7 18.3 %

Operating Earnings$239.5 3.3  %$267.5 10.1 %

Operating Margin14.1 %(210) bps15.8  %(120) bps

Diluted EPS from Continuing Operations$2.25 4.7 %$2.53 12.9 %

bps = basis points

"Our businesses had a strong start to 2022, as continued focus on operational efficiency and strengthening our supply chain enabled increased production levels, and our investments in recurring-revenue businesses, technology, innovation, and capacity continue to position Brunswick for success and strong performance in any economic environment," said Brunswick Chief Executive

Officer David Foulkes. "The pace of retail sales continues to be dominated by the twin supply-side challenges of exceptionally low field inventory levels and supply chain disruption. Global boat field inventory levels were 6 percent lower at the end of the first quarter 2022 than at the same time in 2021 and down 12 percent in the U.S., with inventory levels in some areas artificially inflated by a slower start to spring in Northern U.S. and Canada which is resulting in delayed deliveries and registrations for many retail-sold boats. Wholesale sales and production growth continue to be constrained most notably by the supply impact of the recent China lockdowns and associated freight and transportation delays.

Our propulsion business had strong results versus a historic first quarter of 2021, with top-line growth enabled by increased production. Mercury Marine continues to expand outboard propulsion retail market share, gaining 310 basis points in the last twenty-four months, including over 1,000 basis points of share gains in engines over 300 horsepower. Production capacity for high horsepower outboard engines will significantly increase with the previously announced capacity expansion underway at the Fond du Lac, Wisconsin facility. The expansion remains on schedule for completion in the fourth quarter of 2022.

Our parts and accessories businesses continued delivering robust performance. Collectively, the businesses delivered record first quarter revenue as both aftermarket and OEM channels prepare for the prime boating season. Our Advanced Systems Group, with the addition of Navico, also delivered exceptional top-line growth in the quarter, with healthy margins despite continued supply chain tightness and cost headwinds.

Our boat business posted outstanding top-line growth in the quarter, with operating margins slightly below double-digits, increasing sequentially for the second consecutive quarter. Our Aluminum Fishing category had outsized revenue growth and robust operating margins, while our Recreational Fiberglass brands also posted a strong quarter. We are meeting our production plans for the year despite headwinds, with global pipeline inventory levels remaining at a very low level of 19 weeks, equivalent to about 50 percent fewer units than at the same time in 2019. Finally, Freedom Boat Club has had an incredibly busy start to the year with substantial growth in the U.S. and Europe, and now has more than 350 locations, including the first location in the Nordics, and over 48,000 memberships network-wide, while generating exceptionally strong synergy sales across our marine portfolio.

On capital strategy, we took advantage of the overall stock-market and sector pullback to complete $80 million of share repurchases in the quarter. We plan to maintain a similar pace in the second quarter, and are significantly increasing our 2022 annual share repurchase target to $300 million. We also completed a $750 million debt offering at favorable interest rates and expanded our revolving credit facility.

Despite current headwinds, including the inflationary environment, signs indicate that boating participation remains strong, our propulsion business continues to take market share, the percentage of our boat production that is already retail-sold continues to be at an all-time high, early 2022 boat show performance is encouraging, there is no evidence of wholesale or retail cancellations, available U.S. field invento

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Brunswick Corporation 26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045

Telephone 847.735.4700 Facsimile 847.735.4750

Release:IMMEDIATE

Contact:Brent Dahl

Vice President - Investor Relations

Phone:847-735-4039

Contact:Lee Gordon

Vice President - Brunswick Global Communications & Public Relations

Phone:847-735-4003

Email:lee.gordon@brunswick.com

Brunswick Reports Fourth Quarter and Full-Year Results

Strong Fourth Quarter Performance Concludes Record 2021

Full-Year GAAP Diluted EPS of $7.59 and As Adjusted Diluted EPS of $8.28

Fourth Quarter GAAP Diluted EPS of $1.31 and As Adjusted Diluted EPS of $1.44

2022 Guidance: Net Sales Between $6.7 and $7.0 Billion; Adjusted Diluted EPS Range of $9.60 - $10.25

METTAWA, Ill., January 27, 2022 -- Brunswick Corporation (NYSE: BC) today reported results for the fourth quarter and full-year of 2021:

2021 Full-Year Highlights:

FY 2021

in millions (except per share data)GAAPChangeAs AdjustedChange

Net Sales$5,846.234.5%$5,846.234.5 %

Operating Earnings$812.950.7%$886.8 53.2 %

Operating Margin13.9 %150 bps15.2 %190 bps

Diluted EPS from Continuing Operations$7.5961.5%$8.28 63.3 %

bps = basis points

Fourth Quarter 2021 Highlights:

Q4 2021

in millions (except per share data)GAAPChangeAs AdjustedChange

Net Sales$1,431.0 23.2  %$1,431.0 23.2 %

Operating Earnings$121.8 (10.8) %$156.3 7.3 %

Operating Margin8.5 %(330) bps10.9 %(160) bps

Diluted EPS from Continuing Operations$1.31 7.4  %$1.44 9.1 %

bps = basis points

"We delivered record sales and earnings in 2021 and, more importantly, set a foundation for growth across all our businesses in 2022 and for years to come," said Brunswick Chief Executive Officer David Foulkes. "Our outstanding operational performance in a challenging environment continues to prove the strength and durability of our portfolio and earnings profile, with robust capital generation enabling accelerated investments in our core businesses, including propulsion, parts and accessories and Freedom Boat Club, as well as critical ACES, digital and other technology programs, while also delivering strong shareholder returns.

Our propulsion business delivered yet another quarter of strong top-line and earnings growth, with increased production efficiency and more favorable customer mix leading to higher sales and margins than anticipated. Mercury gained 160 basis points of U.S. retail market share in 2021, with more than 500 basis points of share gains in each horsepower category over 200hp. We anticipate our previously announced significant additional investment in capacity for higher horsepower outboards will enable increased production for international, commercial, repower, and new OEM customers, with full effect in the fourth quarter of 2022.

Our parts and accessories businesses leveraged favorable late-season weather conditions in many areas, which drove continued robust aftermarket demand and contributed to top-line and adjusted earnings growth in the quarter. In addition, our Advanced Systems Group enjoyed the first full quarter with Navico, RELiON Battery, and SemahTronix in its portfolio, with each contributing to the strong results and Navico outpacing expectations. Finally, Mercury announced the critical centralization and expansion of its P&A distribution footprint, which we believe will extend its already robust market position.

Our boat business delivered strong top-line growth and earnings stability despite continued supply chain disruption, cost inflation, and labor constraints at our suppliers and some of our own facilities during the quarter. Pipeline inventories remain at historically low levels with just over 15 weeks on hand at the end of the year, as elevated levels of retail-sold product and continued strong demand constrain our ability to build field inventory. Finally, Freedom Boat Club had one of its busiest quarters on record, continuing its acquisition activity and membership growth while attracting a younger and increasingly diverse customer base. Over the past twelve months, Freedom added 75 new locations and over 10,000 new memberships network-wide, and now operates a fleet of more than 4,000 boats, with an increasing percentage of Brunswick boats and engines," Foulkes concluded.

2021 Fourth Quarter Results

For the fourth quarter of 2021, Brunswick reported consolidated net sales of $1,431.0 million, up from $1,161.1 million in the fourth quarter of 2020. Diluted EPS for the quarter was $1.31 on a GAAP basis and $1.44 on an as adjusted basis. Sales and earnings in each segment benefited from increased volume due to continued strong global demand for marine products, market share gains, and higher pricing, with earnings also impacted by increased input costs and higher spending on growth initiatives. Additionally, versus the fourth quarter of 2020:

Propulsion segment reported a 12 percent increase in sales due to continued strong globa