Business Context and Reporting Period
Company: Brunswick Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: January 28, 2010
Reporting Period: Fourth Quarter 2009
This filing serves as a notification that Brunswick Corporation has announced its financial results for the fourth quarter of 2009. The detailed earnings information is contained in a news release dated January 28, 2010, which is incorporated by reference as Exhibit 99.1.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are located in the referenced news release (Exhibit 99.1) and are not included in the body of this Form 8-K.
Non-GAAP Measures Discussed:
- Free Cash Flow: Defined by management as cash flow from operating and investing activities (excluding cash used for acquisitions and investments) and excluding financing activities. Management states this metric indicates cash available for future growth initiatives.
Material Changes
The filing text does not provide specific data regarding material changes in financial performance compared to prior periods. It only confirms the announcement of the fourth quarter 2009 results.
Guidance, Outlook, and Management Commentary
Management Commentary:
- Brunswick has utilized the financial measures presented in the news release for several years for internal evaluation and external reporting.
- Management believes these measures, including non-GAAP metrics, allow investors to view performance using the same tools as management and better evaluate ongoing business performance.
Guidance and Risks:
- The text does not contain specific forward-looking guidance, risk factors, or contingencies related to the fourth quarter 2009 results.
Investor Verification Checklist
- Review Exhibit 99.1: Investors must access the attached news release to obtain actual revenue, earnings, and cash flow figures for Q4 2009.
- Reconcile Non-GAAP Measures: Verify the reconciliation between GAAP and non-GAAP measures (specifically "free cash flow") as defined in the news release to understand the adjustments made.
- Compare Periods: Analyze the Q4 2009 results against Q4 2008 and full-year 2009 data found in the news release to assess material changes.