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) announced its decision to not participate in-person at the 2022 Consumer Electronics Show (CES) due to rising COVID-19 infection rates and concerns surrounding the omicron variant. CEO Dave Foulkes confirmed that the company will engage virtually, promoting its Next Wave strategy and showcasing award-winning products through digital platforms. Brunswick plans to return to in-person participation at CES 2023.
Brunswick Corporation (NYSE: BC) announced its participation in the 2022 Virtual Consumer Electronics Show (CES) Media Days scheduled for January 5-8, 2022. CEO Dave Foulkes detailed the company's Next Wave strategy, focusing on ACES: autonomy, connectivity, electrification, and shared access. Highlighted innovations include Mercury's V12, 600HP Verado propulsion system, advancements in autonomous boating via augmented reality simulations, and a partnership with E1 racing series for electric powerboat technology. The media presentation can be viewed on Brunswick's official site.
Freedom Boat Club, part of Brunswick Corporation (NYSE: BC), has acquired the Rhode Island franchise operation, including all four current locations and rights for future expansion. This acquisition enhances Brunswick's growth strategy in top boating markets, following recent purchases in New York and Connecticut. With this expansion, Freedom Boat Club aims to strengthen its regional presence and operational efficiencies. The former franchise owner, Richard Cromwell, will assist in the transition, ensuring business continuity and the legacy of exceptional on-water experiences for members.
Freedom Boat Club, a part of Brunswick Corporation (NYSE: BC), announced the opening of its 300th location in Boston and Cape Cod, co-owned by franchisees Matt Carrick and Matt O'Connor. This marks an increase from 170 to 300 locations since Brunswick's acquisition in May 2019, growing total memberships to over 46,000 across 33 states, Canada, and Europe. The club completed over 425,000 boating trips in 2021, showcasing significant growth and commitment to enhancing the boating experience. The new location will open for the 2022 season at Safe Harbor Plymouth.
Brunswick Corporation (NYSE: BC) announces the appointment of Jill Wrobel as Executive Vice President and Chief Human Resources Officer (CHRO), effective December 8, 2021. Wrobel, who joined the company in December 2020, has previously led human resources strategy and will now oversee all HR functions. She succeeds Brenna Preisser, who has transitioned to focus on strategy and business acceleration. CEO Dave Foulkes praised the succession process and Wrobel’s contributions, emphasizing a commitment to enhancing workforce performance.
Brunswick Corporation (NYSE: BC) has announced a significant expansion of its boat manufacturing facility in Reynosa, Mexico, adding 150,000 square feet to its current footprint of 235,000 square feet. This expansion will increase production capacity by nearly 60%, supporting the growing demand for brands like Bayliner and Sea Ray. The investment will create over 600 jobs in the local community, with the first boat expected to be produced by late 2023. This move aligns with Brunswick's strategy for efficient growth and follows multiple expansions throughout 2021.
Mercury Marine, part of Brunswick Corporation (NYSE: BC), will open a new 512,000 sq. ft. distribution center near Indianapolis by October 2022. This strategic facility aims to enhance delivery and service, reducing logistics costs. The current distribution center in Fond du Lac will be repurposed for manufacturing, expanding production capabilities to meet record demand for propulsion systems. Additionally, Mercury is expanding its Fond du Lac campus by 100,000 sq. ft. for foundry and machining, reflecting an investment exceeding $1.7B since 2009. These initiatives are crucial for supporting global customer needs.
Land ‘N’ Sea, a division of Brunswick Corporation (NYSE:BC), has reported a significant 30% increase in sales during its 2021 show season, following a successful virtual program launched in 2020 amidst the pandemic. In-person attendance rose nearly 20% compared to the last physical event in 2019. The company emphasizes a hybrid format for future events, combining in-person and virtual experiences, which has resonated well with attendees. The president attributed this success to the strong partnership with dealers, who have been proactive in stocking inventory ahead of a promising 2022 for the marine industry.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has been honored with a 2022 CES Innovation Award for its V12 600hp Verado outboard engine, marking its second consecutive win at CES. The V12 engine is recognized for exceptional fuel efficiency and reduced carbon dioxide emissions, featuring an integrated automatic transmission and advanced propeller technology. Sea trials indicate a 20% improvement in fuel economy compared to competitors. The award reflects Mercury's commitment to innovation in the marine industry and offers a sustainable boating alternative.
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