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) will conduct a virtual investor day on May 10, 2021, to discuss its strategic plan and innovative ACES products. A live Q&A session follows on May 17, 2021.
Key executives, including the CEO and CFO, will present during the event, traditionally aligned with the Miami International Boat Show, which is cancelled this year.
Investors can access the event via www.brunswick.com after 8am CDT on May 10. A transcript of the Q&A will be available by May 20, 2021.
Brunswick Corporation (NYSE: BC) announced a 24% increase in its quarterly dividend, raising it to $0.335 per share. This marks the ninth consecutive year of dividend increases, demonstrating the company’s strong financial position. The dividend is set to be paid on June 15, 2021, to shareholders recorded by May 18, 2021. CEO Dave Foulkes emphasized the company’s robust earnings and cash flow as key factors enabling this significant dividend boost, reflecting strong confidence in the company’s outlook and strategy.
Brunswick Corporation (NYSE: BC) announced its first quarter 2021 financial results on April 29, 2021. The complete results are available on their website. The company will hold a conference call at 10 a.m. CDT to discuss these results, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Investors can join the call via phone or online, with a replay available until May 6, 2021. Brunswick continues to lead in marine consumer products, including Mercury Marine engines, various boat brands, and essential boating services.
Brunswick Corporation (NYSE: BC) has announced a partnership with Carnegie Robotics LLC to enhance its ACES strategy (Autonomy, Connectivity, Electrification, and Shared Access). This collaboration aims to develop advanced driver assistance and autonomous solutions for the marine industry. CEO Dave Foulkes expressed excitement over integrating CRL’s autonomy technologies into new product development. The partnership is expected to accelerate the delivery of innovative marine experiences by leveraging CRL’s expertise in sensor technology and artificial intelligence.
Brunswick Corporation (NYSE: BC) will announce its first quarter 2021 financial results on April 29, 2021, prior to market opening. The complete results will be accessible on the company's investor website and through a Form 8-K filing with the SEC. A related conference call will be held at 10 a.m. CDT the same day, featuring CEO David M. Foulkes and other executives. Investors can join via phone or stream online. A replay will be available until May 6, 2021.
For more information, visit Brunswick's investor site.
Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), has acquired the Freedom Boat Club of New York franchise, expanding its presence across six locations in the area including Long Island and New York City. This acquisition follows a recent purchase in Chicago, highlighting the company’s rapid growth strategy. The New York club currently boasts over 600 memberships, growing nearly 30% annually. Freedom Boat Club now has a total of seven corporate territories, positioning itself strongly in key boating markets across the U.S. and internationally.
Freedom Boat Club, part of Brunswick Corporation (NYSE: BC), has officially opened its first company-owned location in the UK, located in Portsmouth. This marks a significant step in Freedom Boat Club's European expansion, which currently includes locations in France. The club aims to attract consumers interested in boating without ownership, bolstered by a nearly 10% increase in UK boat sales in 2020. Membership sales are underway, with the club set to officially open in Summer 2021. This location is Freedom's sixth corporate territory, joining several in the United States.
Brunswick Corporation (NYSE:BC) announced a significant expansion of its i-Jet Innovation Lab at the University of Illinois, aiming to enhance its ACES (Autonomy, Connectivity, Electrification) strategy. The expanded facility will triple the current space and accommodate more students, supporting the recruitment of electrification and autonomy specialists. The lab fosters collaboration among students and industry leaders to innovate in areas like robotics and artificial intelligence. The grand opening is set for July 1, 2021, marking a crucial step in Brunswick's commitment to advancing the recreational boating experience.
Brunswick Boat Group's Chief Marketing Officer, Lauren Beckstedt, has been named one of Boating Industry's 2021 40 Under 40 award winners.
Beckstedt, with over 15 years at Brunswick, has significantly advanced the company's brand marketing and digital initiatives. She launched Ripl, a community platform for boaters. Recognized for her leadership and innovative marketing, Beckstedt's efforts align with the growing diversity in the boating industry. This award highlights the potential of young leaders to drive the future success of recreational boating.
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