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.
On August 11, 2021, Brunswick Corporation (NYSE: BC) announced the expiration of its tender offers for all outstanding 7.375% Debentures due 2023 and 7.125% Notes due 2027. The offers, which ended at 5:00 PM on August 10, 2021, resulted in the acceptance of 22.67% (approx. $23.37 million) of 7.375% Debentures and 1.52% (approx. $2.48 million) of 7.125% Notes. Holders tendering these securities will receive specified cash consideration along with accrued interest. J.P. Morgan Securities LLC acted as the dealer manager for these offers.
Brunswick Corporation (NYSE: BC) has announced the pricing terms of its tender offers to purchase outstanding 7.375% Debentures due 2023 and 7.125% Notes due 2027. The offers aim to buy back $103 million of 7.375% Debentures and $163 million of 7.125% Notes. The total consideration for each series of securities will be based on a fixed spread over the reference yield of U.S. Treasury Securities. The tender offers are set to expire on August 10, 2021, at 5:00 p.m. ET. Holders will receive accrued interest upon tendering their securities. J.P. Morgan Securities LLC is the dealer manager for these offers.
Brunswick Corporation (NYSE: BC) has initiated tender offers to purchase debt securities amounting to over $266 million as part of its strategic financial management. The offers will expire on August 10, 2021, at 5:00 p.m. New York City time. The securities involved include 7.375% Debentures due 2023 and 7.125% Notes due 2027. Investors must tender their securities by the deadline to receive total consideration, which is based on a fixed spread over a reference yield of U.S. Treasury securities. The company may consider further debt repayment following these tender offers.
Brunswick Corporation (NYSE: BC) announced its second quarter 2021 financial results on July 29, showcasing key metrics that will be elaborated during a conference call hosted by CEO David Foulkes and CFO Ryan Gwillim. Investors can access the results via the company’s website and the SEC’s Form 8-K filing. The conference call is set for 10 a.m. CDT, with a replay available until August 5, 2021. Brunswick is known for its extensive portfolio of consumer brands in marine, offering products like Mercury Marine outboard engines and various boat brands.
Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.335 per share, payable on September 15, 2021, to shareholders of record by August 24, 2021. The company's CEO, Dave Foulkes, emphasized a commitment to long-term shareholder value amid strong business performance and a systematic capital strategy. The announcement aligns with Brunswick's strategy to strengthen its operations and brand portfolio, supported by the profitability of its various consumer brands.
Brunswick Corporation (NYSE: BC) showcased its "Next Wave" strategy during its 2021 Investor Day, emphasizing growth through its ACES (autonomous, connected, electrification, shared access) initiatives. Key actions include the acquisition of Navico, which enhances digital offerings, and the launch of innovative products such as the Mercury Marine 7.6L V12 600HP Verado engine. Brunswick aims to launch five electric propulsion products by 2023 and enhance customer experiences through new apps. These initiatives position Brunswick to meet and exceed its 2022 strategic goals amid high demand.
Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), has acquired Fanautic Club, a leading European boat club with 23 locations in Spain. This strategic acquisition enhances Freedom's expansion in Europe, now marking its third country presence after France and the UK. Six of the locations will be corporate-owned, while 17 will remain franchises. Fanautic Club currently serves over 600 members, and this move aligns with Brunswick's growth strategy presented at their recent Investor Day. The acquisition signifies a continuing trend of aggressive growth in shared-access boating services.
Brunswick Corporation's Heyday Wake Boats has launched the H22, a wake boat designed to enhance performance, accessibility, and design in the tow segment. The 22’4” H22 can accommodate 14 people and contains innovative features, including a clean wake hull, sliding seats, and a powerful Mercury Marine engine. With integrated ballast tanks and advanced technology like Mercury Smart Tow, it aims to be a game-changer in the market. The launch will be supported by a 'Wake and Ride' tour across the U.S., showcasing its capabilities.
Brunswick Corporation (NYSE: BC) will announce its Q2 2021 financial results on July 29, 2021, before the market opens. Investors can access the full results on the Company’s website or via the SEC’s Form 8-K. A conference call with CEO David M. Foulkes and CFO Ryan M. Gwillim is scheduled for 10 a.m. CDT on the same day, allowing analysts and investors to participate via phone or online. A replay of the call will be accessible until August 5, 2021.
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