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 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.
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.
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