Brunswick Corporation (BC) 2018年年度报告「NYSE」.pdf

1、2018ANNUAL REPORTMarch 22,2019Dear Fellow Shareholders:I begin my first year as Brunswick Corporations Chief Executive Officer with a sense of great excitement for the future of our company and gratitude for the opportunity to lead such a committed and talented team at a time of unprecedented opport

2、unity.We reported excellent results in 2018 and begin 2019 with strong momentum.We finished 2018 with adjusted net sales of approximately$5.1 billion,an increase of 9.1 percent from$4.7 billion in 2017.The Company also delivered record operating earnings,as adjusted,of$572.4 million,up 9.0 percent f

3、rom$525.0 million in 2017.Earnings per share,as adjusted,for 2018 were$4.77,up 19.0 percent from$4.01 in 2017,representing our ninth consecutive year of adjusted EPS growth.Our combined marine portfolio produced exceptional results.As Mercury Marine celebrates its 80th anniversary in 2019,its propul

4、sion business continues to excel behind growing demand for its new outboard products,including the highly successful V6/V8 outboard engine platform introduced in 2018.Mercurys largest rollout ever of new products,26 new engine models in total,was supported by continued investments in both capacity a

5、nd innovative technology and contributed to Mercury being named 2018 Wisconsin Manufacturer of the Year for the third time.Our marine parts and accessories business,which accounted for roughly one third of Brunswicks total 2018 net sales,delivered significant growth,attributable in part to the addit

6、ion of Power Products,Brunswicks largest ever acquisition,in late 2018.Our boat portfolio,which includes several of Americas most recognizable brands,posted solid sales growth and earnings improvement,led by healthy growth in Boston Whaler,Harris pontoons,and a revitalized Sea Ray Sport Boat and Cru