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) has declared a quarterly dividend of $0.335 per share, payable on December 15, 2021, to shareholders on record as of November 23, 2021. CEO Dave Foulkes affirmed the company's commitment to long-term value through its industry-leading brands and recent acquisitions, including Navico, RELiON, and SemahTronix. The Board of Directors expressed confidence in executing a balanced capital strategy while enhancing business growth, showcasing their strength and profitability in the industry.
On October 18, 2021, Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), announced the acquisition of its Freedom Boat Club of Connecticut franchise and territory. This strategic acquisition includes seven current locations and rights for future expansion, aiming to enhance growth before the 2022 boating season. The Connecticut market has seen a double-digit annual membership growth since 2016, showcasing strong demand. This is Brunswick's fourth acquisition in 2021, further expanding its presence in the Northeast and metropolitan markets.
Brunswick Corporation (NYSE: BC) will announce its third quarter 2021 financial results on October 28, 2021, before market opening. The complete results will be accessible on the company’s website and the SEC’s website. Following the release, a conference call will occur at 10 a.m. CDT, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Interested analysts and investors can join via phone or online. A replay of the call will be available until November 4, 2021. The company, known for brands like Mercury Marine and Bayliner, continues to navigate challenges amid economic uncertainties.
Brunswick Corporation (NYSE: BC) has finalized its acquisition of Navico for $1.05 billion, enhancing its Advanced Systems Group (ASG) with renowned brands such as Lowrance and Simrad. This strategic move is expected to drive revenue growth for Brunswick's Parts & Accessories (P&A) segment, projecting a run-rate exceeding $2.0 billion in revenues. Navico reported approximately $470 million in revenue for the 12-month period ending May 31, 2021, showcasing a strong margin profile. Brunswick plans to maintain its investment grade credit rating using a mix of debt and cash for the transaction.
Brunswick Corporation and Mercury Marine have won the Soundings Trade Only “Most Innovative Marine Company” award for the second time in three years, recognized during the IBEX in Tampa. The judges highlighted a record-setting 2021 with significant product launches, including the Mercury 600hp V12. Brunswick's commitment to employee health and customer demand during the pandemic was also praised. CEO Dave Foulkes emphasized the company's transformation and dedication to innovation, while Mercury Marine president Chris Drees noted the industry impact of their new technology.
Brunswick Corporation (NYSE: BC) has acquired SemahTronix, a supplier of high-complexity electrical wiring harnesses for marine, mobile, and defense sectors. This acquisition will enhance Brunswick's Advanced Systems Group (ASG) by providing high-quality harnessing systems, enabling vertical integration and improved quality control. This move aligns with Brunswick's strategy to grow within the system integration market. SemahTronix brings over 40 years of expertise, making this partnership a significant addition to Brunswick's capabilities.
Brunswick Corporation (NYSE: BC) achieved a remarkable performance at the Cannes Boat Show, showcasing the new 600hp V12 Verado outboard engine, which significantly outperformed competitors with double the number of outboards on display. Sea Ray reported a 65% revenue increase compared to the 2019 show, with strong sales across other brands. CEO Dave Foulkes highlighted growing market acceptance in Europe and the positive response from customers regarding new products. The event solidified Brunswick's expanding market share in key boating regions.
On September 14, 2021, Brunswick Corporation (NYSE: BC) will participate in CL King’s 19th Annual Best Ideas Conference. The company’s CEO David M. Foulkes, CFO Ryan Gwillim, and Investor Relations VP Brent Dahl will present at 3:15 PM Central Time. Interested parties can access the live webcast through this link or via the Brunswick Investor page. An archived replay will be available after the presentation.
Brunswick Corporation (NYSE:BC) has acquired RELiON Battery, LLC, a provider of lithium batteries, further aligning with its ACES strategy of Autonomy, Connectivity, Electrification, and Shared Access. The acquisition enhances Brunswick's position in the marine and RV battery market, while a new Electrification Technology Center in Michigan aims to bolster high-voltage capabilities. RELiON offers a broad range of lithium battery systems and this strategic move is expected to drive innovation in sustainable energy solutions, benefiting both companies and their customers.
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