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) 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.
Brunswick Corporation has launched two new apps, MyWhaler and Sea Ray+, aimed at enhancing the boat ownership experience. Unveiled during Brunswick's Next Wave Investor Day, these apps consolidate various functionalities for boat owners, offering features like a digital wallet for documents, GPS trip recording, weather updates, FAQs, checklists, and remote monitoring for compatible boats. The apps are available for download on iOS and Android, with ongoing updates planned to expand their features.
Brunswick Corporation (NYSE: BC) has announced its acquisition of Navico for $1.05 billion, enhancing its Advanced Systems Group with leading brands like Lowrance and Simrad. This strategic move is expected to accelerate Brunswick's ACES strategy, focusing on autonomy and connectivity, while integrating Navico's products into its portfolio. Navico generated approximately $470 million in revenue over the last year, contributing to Brunswick's expected P&A segment revenues exceeding $2 billion. The transaction is set to close in the second half of 2021, pending regulatory approvals.
Brunswick has announced that three of its leaders have been recognized by Boating Industry Magazine in its 2021 list of 'Women Making Waves'. The honorees include Lauren Beckstedt, Hélène Dupeux, and Becky Pausha, who are acknowledged for their contributions and promotion of diversity in the marine industry. CEO Dave Foulkes highlighted the company’s commitment to diversity, noting significant advancements such as the appointment of the first female board chair and the establishment of a Diversity, Equity, and Inclusion team. Brunswick was also ranked among the top 20% in Forbes' Best Employers for Diversity.
Brunswick Corporation (NYSE: BC) has elected MaryAnn Wright to its Board of Directors. With over 30 years of experience in automotive technology, she previously held senior roles at Johnson Controls International and Ford Motor Company. Wright's expertise in hybrid-electric and hydrogen-powered vehicles aligns with Brunswick's ACES strategy. Her background includes prominent engineering roles and leading teams to deliver exceptional results. Wright holds degrees in Economics, Engineering, and an MBA in finance.
Brunswick Corporation received six Top Product Awards from Boating Industry Magazine, recognizing its innovative offerings in the marine sector. The Advanced Systems Group won three awards, while the Boat Group secured two. The Mercury Marine's V12 600hp Verado outboard engine was also honored. Adam Quandt, Managing Editor of Boating Industry, praised Brunswick's commitment to excellence and innovation in the recreational boating industry. CEO Dave Foulkes highlighted the company's extensive capabilities and brand recognition, reinforcing the commitment to delivering exceptional products in the marine lifestyle.
Brunswick Corporation (NYSE: BC) held its 2021 Virtual Investor Day on May 10, showcasing its "Next Wave" strategy for business evolution, including new products and technologies. The company raised its 2022 EPS guidance to between $8.25 and $8.75. CEO Dave Foulkes emphasized the broadening appeal of the marine lifestyle, targeting younger, diverse boaters. Key strategy themes include advancements from the ACES strategy, new business models, and sustainable growth targets. A Q&A session is scheduled for May 17, 2021, with a transcript available by May 20.
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