After two banner years, Brunswick now has to refinance low-cost debt in a higher-rate environment and manage costs as consumers demur on buying high-end toys.
Fourth Quarter and Full Year 2023 Highlights
Fourth quarter net sales of $781 million decreased 18% as a result of lower OEM wholesale unit shipments in our end markets and lower pricing passed on.
The recreational boating industry’s elite members celebrated the Boating Industry Top 100 Awards during a black-tie gala on Nov. 7, 2023 on the final evening of the Boating Industry ELEVATE SUMMIT in Dallas, Texas. Entering the 19th year of the Top 100 in 2023, the program continues to honor the best of the best across the entire boating industry, celebrating the 40 Under 40, Women Making Waves and the Top Dealers across North America. “Across every segment of our industry, we continue to navigate new challenges and thrive in unprecedented successes every day. And as our industry has evolved over the years, Boating Industry’s Top 100 Awards program has followed in evolution to recognize individuals and organizations across all segments to celebrate the best of the best,” Boating Industry editor-in-chief and Top 100 program director Adam Quandt said. “From an industry made up of hundreds of thousands, it's honor for all of us to