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) 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.
Brunswick Corporation (NYSE: BC) announced the formation of Navico Group, integrating its Advanced Systems Group with recent acquisitions Navico and RELiON Battery LLC. Led by Brett Dibkey, Navico Group will serve marine, RV, and industrial markets, featuring brands like Lowrance, Simrad, and Mastervolt. CEO Dave Foulkes emphasized that this move strengthens their position as a leader in integrated systems. The group will have four strategic business units focused on Power Systems, Digital Systems, Fishing Systems, and Performance Components, supporting global operations through regional leadership.
Brunswick Corporation (NYSE: BC) announced its second quarter 2022 financial results on July 28, 2022. The full financial results press release is available on the company's website. A conference call is scheduled for the same day at 10 a.m. CDT, featuring key executives discussing the results. Investors can access the call via telephone or online, with a replay available until August 4, 2022. Brunswick continues to focus on growth through innovative products and strategic acquisitions, while also highlighting potential risks including market conditions and supply chain disruptions.
Boateka, Brunswick Corporation’s certified pre-owned boat business, has officially opened a new 22,000-square-foot refurbishment and sales center in Merritt Island, Florida. This facility aims to enhance the boat-buying experience and provide synergies with Brunswick's other divisions. Boateka has experienced growth due to increased demand from customers seeking a simplified buying platform, with a focus on transparency and comprehensive inspections. The new center allows for complete in-house operations, including boat reconditioning and sales.
Mercury Marine, part of Brunswick Corporation (NYSE:BC), announced a partnership with Alliant Energy to construct a 5-megawatt solar array in Fond du Lac County, Wisconsin. The project, known as the Ledgeview Solar Project, aims to enhance sustainability by offsetting 10% of Mercury's electricity use at its campus. It will feature over 12,000 solar panels, enough to power approximately 1,300 homes annually. Construction is slated for spring 2023, with operations starting in October 2023, reinforcing Mercury’s commitment to derive 50% of its electricity from renewable sources by 2030.
The Board of Directors of Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.365 per share, payable on September 15, 2022, to shareholders on record as of August 24, 2022. This decision reflects the Board's confidence in the company and its commitment to returning capital to shareholders. The company has reported improved liquidity and continues to execute its strategic plans, addressing record demand and supporting global channel partners.
Brunswick Corporation (NYSE: BC) will announce its second quarter 2022 financial results on July 28, 2022, prior to market opening. The complete results will be accessible on their website and through the SEC's Form 8-K filing. A conference call will take place at 10 a.m. CDT, featuring executives David M. Foulkes, Ryan M. Gwillim, and Neha J. Clark. The call can be accessed via telephone or through their website for streaming. A replay will be available until August 4, 2022.
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