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) 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.
Brunswick Corporation (NYSE: BC) reported a record performance at the 2021 Fort Lauderdale International Boat Show, achieving significant sales growth across its brands. Mercury Marine displayed the most outboard engines, capturing over half the market share. Boston Whaler and Sea Ray saw revenue increases of 35% and 30%, respectively, compared to last year. Brunswick's Advanced Systems Group products were on over 70% of U.S. OEM boats at the show. CEO Dave Foulkes noted this success reflects strong consumer sentiment and momentum heading into 2022.
Brunswick Corporation (NYSE: BC) reported its Q3 2021 financial results on October 28, 2021. The full release is available on the Company's website and via SEC filing. A conference call featuring CEO David M. Foulkes and CFO Ryan M. Gwillim will occur on the same day, providing insights into the financial performance. The call can be accessed online or by telephone. Brunswick's diverse portfolio includes top consumer brands like Mercury Marine and various boat models. For more details on operational performance and future outlook, visit the investor section of Brunswick’s website.
Brunswick Corporation (NYSE:BC) has appointed Keith Yunger as the new president of its Sea Ray boat brand, effective immediately. Yunger has 16 years of experience within the company, previously leading the Bayliner brand and the Venture Group. His appointment comes as former president Steve Langlais takes a medical leave. Yunger aims to continue the brand's transformation and uphold its legacy of innovation in recreational boating.
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