Reports Q4 revenue $1.36B, consensus $1.44B. “Strong cash generation, high-horsepower outboard market share gains, and steady operating performance in Q4 helped close out a successful 2023 in which Brunswick delivered the second highest sales and adjusted EPS in Company history,” said CEO David Foulkes. “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.”
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