Welcome to our dedicated page for Brunswick Corporation news (Ticker: BC), a resource for investors and traders seeking the latest updates and insights on Brunswick Corporation stock.
Brunswick Corporation (NYSE: BC) has established itself as a global leader in marine recreation, fitness, and billiards industries. With a legacy spanning over 160 years, Brunswick continues to drive innovation and quality across its various sectors. The company's marine division is particularly noteworthy, boasting more than 60 brands that cover propulsion (including outboard, sterndrive, and inboard engines), parts, accessories, and technology. Notable brands such as Boston Whaler and Sea Ray highlight Brunswick's dominance in the boating industry. Additionally, the Freedom Boat Club and Boateka demonstrate Brunswick’s commitment to expanding marine participation and accommodating diverse customer needs.
In the fitness equipment sector, Brunswick is recognized for its leading-edge innovations and superior quality. The company’s billiards division leverages decades of heritage and expertise, making it a respected name in the industry. Financially, Brunswick has shown resilience and growth, evidenced by consistent dividend increases and robust quarterly earnings reports.
Brunswick’s commitment to sustainability is also commendable. Recent achievements include significant reductions in carbon emissions, energy use, and water consumption, along with attaining zero waste to landfill status at multiple locations. The company’s social responsibility initiatives are equally impressive, with substantial donations to non-profits and scholarships for employees' children.
The firm’s recent financial results and strategic milestones reflect its strong position and future growth potential. Notable highlights include the introduction of the new Flite AIR and Flite AIR PRO eFoil models and the successful launch of the Avator electric outboards, underscoring its commitment to sustainable and innovative marine technologies.
Brunswick's consistent industry recognition, such as being named one of America’s Best Large Employers by Forbes and one of the Most Trustworthy Companies by Newsweek, further solidifies its reputation as a top employer and a responsible corporate entity. With a workforce of over 17,000 employees across 25 countries, Brunswick remains dedicated to providing exceptional marine and recreational experiences, driven by consumer insights and a commitment to innovation.
Brunswick Corporation (NYSE: BC) reported record performance at the 2022 Fort Lauderdale International Boat Show, showcasing significant sales increases across various brands. Sea Ray saw a 33% revenue increase, while Boston Whaler and Bayliner experienced strong sales. Mercury Marine dominated the show with over half of all outboard engines displayed. Navico Group also achieved a 20% electronics market share rise. Brunswick was recognized as the Most Innovative Marine Company for the third time in four years, reflecting growing brand strength and market share gains.
Brunswick Corporation (NYSE: BC) announced its third quarter 2022 financial results, detailed on its website. A conference call is scheduled for October 27, 2022, at 10 a.m. CDT to discuss the results, hosted by top executives. Investors can participate via phone or online. The company continues to leverage its leading brands in the marine sector, including Mercury Marine and Navico Group. Forward-looking statements caution potential risks including economic conditions, supply chain disruptions, and strategic integration challenges.
Brunswick Corporation (NYSE: BC) has been named the "Most Innovative Marine Company" for the third time in four years by Soundings Trade Only. The award was announced virtually due to the cancellation of the IBEX 2022 event. Brunswick was praised for its record-setting performance in 2022 and its notable product launches, including the Boston Whaler 360 Outrage and the electric Avator concept from Mercury Marine. CEO Dave Foulkes highlighted the company’s Next Wave strategy, emphasizing growth potential through innovation and market demand management across its diverse portfolio.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has launched a new 512,000 square foot distribution center in Brownsburg, Indiana. This facility aims to enhance parts and accessories operations, streamline logistics, and create approximately 350 new jobs in its first year. Significantly larger than the previous center in Fond du Lac, Wisconsin, it incorporates advanced distribution technologies and is LEED certified to emphasize sustainability. This expansion is expected to positively impact Mercury's global operations and local community.
The Board of Directors of Brunswick Corporation (NYSE: BC) declared a quarterly dividend of $0.365 per share, payable on December 15, 2022, to shareholders of record by November 23, 2022. This decision reflects the company’s ongoing commitment to returning value to its shareholders. Brunswick Corporation, headquartered in Mettawa, Illinois, is known for its leading consumer brands in the marine industry, including Mercury Marine outboard engines, various boat brands, and marine components.
Brunswick Corporation (NYSE: BC) is set to announce its third-quarter 2022 financial results on October 27, 2022, prior to market opening. The results will be shared via an advisory release on the company's website, with a detailed Form 8-K filing also available on the SEC's site. Following this, a conference call will be held at 10 a.m. CDT, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Investors can participate by calling specific numbers or listening online. A replay will be accessible until November 3, 2022.
Navico Group has launched the Fathom e-Power System, an integrated lithium-ion power management solution for marine and RV applications. The system features advanced digital controls, enabling users to monitor and manage power consumption effortlessly. Available in customizable kits (12V, 24V, and 48V), it aims to electrify the boating experience, enhancing user control and efficiency while reducing traditional generator noise and emissions. The product's integration capabilities and focus on sustainability underscore Navico's commitment to innovation in the power management sector.
Brunswick Corporation achieved significant success at the Cannes Boat Show, with Mercury Marine recording a 65% outboard market share, a notable increase from 2021. Mercury’s outboard engines were showcased extensively during the event. Additionally, Sea Ray reported nearly a 30% revenue increase compared to the previous year. The event also highlighted the growing interest in Navico Group’s products. Brunswick continues to be recognized for its commitment to diversity and inclusion, reflecting its status as a top workplace.
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