Brunswick Corporation (BC) 2019年年度报告「NYSE」.pdf

1、A N N U A L R E P O R T March 20,2020Dear fellow shareholders:2019 was a year of transformational changes in our Company that sharpened our business focus,streamlined our narrative and positioned us for continued success in 2020 and beyond.Throughout the year,Brunswick aggressively pursued its visio

2、n of redefining the marine industry with strategic changes to our business portfolio,including the acquisition of Freedom Boat Club and the sale of our fitness businesses;implementation of a leaner,more focused operating model;the launch of multiple award winning new products;and strategic investmen

3、ts in capacity and technology.We accomplished this while navigating unexpected retail headwinds and uncertain trade conditions,ending the year firmly established as the leading and most innovative recreational marine company.2019 also marked Brunswicks 10th consecutive year of adjusted earnings per

4、share growth delivered in combination with expanded gross-and operating-margins.Adjusted earnings per share were$4.33,up five percent from$4.13 in 2018.Consolidated net sales,as adjusted,were$4.1 billion,a slight increase versus 2018.The Company also delivered record operating earnings,as adjusted,o

5、f$531.9 million,up six percent from 2018.Product leadership remains a cornerstone of Brunswicks success and,in 2019,we introduced many industry-leading products including Mercury Racings 450R outboard engine and Mercurys 400hp Verado outboard engine,Boston Whalers all-new 325 and 405 Conquest models

6、,the new Harris Solstice pontoon with segment-first CZone digital switching technology,and the new Sea Ray SLX-R 350 and 320 Coupe models along with many other new products across our divisions and brands.We also established new centers of excellence for design,engineering and technology with the of