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Brunswick BC Boat — Restructuring Reserve, Settled without Cash

Other segment segments

Navico Group
$325.9M+256%
Engine Parts and Accessories
$0
Propulsion
$0

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HLFRetention And Separation — Restructuring Reserve Settled Without Cash2
$0

Other financials

Income statement

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Revenue$1.6B+7.7%
Gross profit$437.8M+18.4%
Operating income$129.4M+25.3%
Net income$109.8M+85.2%
EPS (diluted)$1.68+88.8%

Balance sheet

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Cash & equivalents$298.9M-10.5%
Total debt$2.6B-0.3%
Total equity$1.7B-11.9%
Total assets$5.5B-5.0%

Cash flow

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Operating cash flow$313.8M-0.8%
CapEx$41.4M-7.8%
Free cash flow$272.4M+0.4%

Valuation

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Market cap$5.26B+37.7%
Enterprise value$7.55B+24.2%
P/S0.9×+0.2×

Profitability

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Gross margin25.6%+0.9pp
Operating margin8.7%-3.6pp
Net margin5%-2.5pp
FCF margin6.1%

Returns & leverage

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Return on equity13.3%-11.3pp
Debt / equity1.5×+0.2×
Current ratio1.4×-0.2×

Where this comes from

Reported directly by Brunswick in its filing.

Tagged under the XBRL concept us-gaap:RestructuringReserveSettledWithoutCash2.

The source filing: Brunswick’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 11:56 AM EST
Fiscal year
FY2025
Accession
0000014930-26-000027
(in millions)PropulsionEngine P&ANavico GroupBoatCorporateTotal
Accrued Charges as of December 31, 2022$4.1$4.1
Total Charges2.73.330.510.57.754.7
Non-Cash Charges(18.9)1.2(17.7)
Payments (A)(1.5)(2.6)(10.6)(10.0)(7.1)(31.8)
Accrued Charges as of December 31, 2023$1.2$0.7$5.1$1.7$0.6$9.3
Total Charges9.64.898.66.32.4121.7
Non-Cash Charges(91.6)0.3(91.3)
Payments (A)(9.4)(4.8)(10.6)(6.3)(2.1)(33.2)

Item 15. Exhibits and Financial Statement Schedules

FAQ

What is Brunswick's boat — restructuring reserve, settled without cash?
Brunswick (BC) reported boat — restructuring reserve, settled without cash of $275K in Q4 2025.
How has Brunswick's boat — restructuring reserve, settled without cash changed year-over-year?
Brunswick's boat — restructuring reserve, settled without cash increased by 466.7% year-over-year, from -$75K to $275K.
What does boat — restructuring reserve, settled without cash mean?
Non-cash adjustments to the restructuring reserve, such as asset write-offs or non-cash settlements, associated with the Boat segment's reorganization efforts. It highlights the portion of restructuring activities that do not directly impact the segment's cash liquidity.

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