Brunswick, parent company of RV parts supplier Land ’N’ Sea, reported net sales in the fourth quarter of $1.4 billion, up from the $1.16 billion of the fourth quarter of last year.
“We delivered record sales and earnings in 2021 and, more importantly, set a foundation for growth across all our businesses in 2022 and for years to come,” said Brunswick CEO David Foulkes. “Our outstanding operational performance in a challenging environment continues to prove the strength and durability of our portfolio and earnings profile, with robust capital generation enabling accelerated investments in our core businesses, including propulsion, parts and accessories and Freedom Boat Club, as well as critical ACES, digital and other technology programs, while also delivering strong shareholder returns. …
“Our parts and accessories businesses leveraged favorable late-season weather conditions in many areas, which drove continued robust aftermarket demand and contributed to top-line and adjusted earnings growth in the quarter. In addition, our Advanced Systems Group enjoyed the first full quarter with Navico, RELiON Battery and SemahTronix in its portfolio, with each contributing to the strong results and Navico outpacing expectations.”
Net sales for the entire fiscal year were $5.9 billion, the company said, a 34 percent increase year-over-year.
