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 (NYSE:BC) has been recognized as one of America's Best Midsize Companies by TIME for 2024. The company ranked No. 1 in the Engineering and Manufacturing category and 27th overall out of 500 companies. This recognition highlights Brunswick's excellence in employee satisfaction, revenue growth, and sustainability transparency.
The selection process evaluated companies on over 15 criteria, focusing on U.S.-based businesses with revenue between $100 million and $10 billion in 2022 and 2023. This award adds to Brunswick's recent accolades, including recognition from Newsweek and Forbes for workplace excellence.
CEO Dave Foulkes emphasized the company's commitment to fostering a highly engaged global workforce and its focus on critical areas such as employee culture, financial stability, and corporate sustainability.
Brunswick (NYSE:BC), the world's leading marine technology company, has announced Boating Intelligence™, an initiative to incorporate AI features into its products for simpler, safer, smarter, and more sustainable boating. This enhances Brunswick's ACES (Autonomous, Connected, Electrified, and Shared) strategy. The company is re-launching its I-Jet Lab as the Boating Intelligence Design Lab (BI DesignLab) at the University of Illinois Research Park to develop AI talent and capabilities.
The BI DesignLab is already supporting the development of autonomous docking technology and advancing work on AI-powered virtual agents for marine applications. These innovations will assist boat operators and Freedom Boat Club members. Brunswick sees AI as a key focus for its next phase of advanced technology, aiming to transform boats from experiential products to experiential partners.
Brunswick (NYSE: BC) has announced its quarterly dividend. The Board of Directors approved a dividend of $0.42 per share on the company's common stock. This dividend will be payable on September 13, 2024, to shareholders who are on record at the close of business on August 21, 2024. This announcement demonstrates Brunswick's commitment to returning value to its shareholders through regular dividend payments.
Brunswick (NYSE: BC) announced it will release its second-quarter financial results on July 25, 2024, before the market opens. These results will be available on Brunswick's investor relations website and the SEC's website. The company will host a conference call at 10 a.m. CDT/11 a.m. EDT on the same day. The call will be led by CEO David M. Foulkes, CFO Ryan M. Gwillim, and Senior VP of Enterprise Finance Neha Clark. Analysts and investors can join the call via telephone or listen online. A replay of the call will be accessible through August 1, 2024.
Brunswick (NYSE: BC), a leading recreational marine technology company, has been recognized by Newsweek Magazine as one of America's Greatest Workplaces for Mental Wellbeing for 2024. This accolade highlights Brunswick's commitment to mental health initiatives, including programs like Be Your Best, partnerships with Health Advocate, Lyra, and UnitedHealthcare, and educational efforts through All Blue Planet. This is Brunswick's third Newsweek award in 2024, following recognition for diversity and trustworthiness. The ranking was based on surveys and feedback from over 250,000 employees and HR professionals. Brunswick's ongoing efforts underscore its dedication to employee wellbeing and maintaining a positive workplace culture.
Mercury Marine, a division of Brunswick (NYSE: BC), has launched the Avator™ 75e and 110e electric outboards. These models join the existing Avator lineup, which includes the 7.5e, 20e, and 35e outboards. The Avator series, launched in 2023, has received multiple design and innovation awards.
The new 75e and 110e models feature industry-first transverse flux motor technology, delivering 7500 watts and 11000 watts at the prop shaft, respectively. These outboards support various vessels and include digital remote controls and power tilt systems for efficient operation.
Batteries can be integrated via the Avator 5400 Power Center, allowing connection of up to four 5400Wh lithium-ion batteries. Charging options include a 520W charger for 20-hour charging and a 1050W charger for faster recharges.
The new models are equipped with intelligent digital displays and Mercury SmartCraft® Connect for app-based monitoring. The Avator series, with zero direct emissions, reinforces Mercury's commitment to sustainability.
Brunswick (NYSE: BC), a leading marine technology company, announced that CEO Dave Foulkes and EVP, CFO, and Strategy Officer Ryan Gwillim will attend the 2024 Baird Global Consumer, Technology & Services Conference.
The event will take place in New York City on June 4, 2024, from 12:15 PM to 12:45 PM ET. This conference is notable for bringing together institutional and private equity investors with senior management from over 300 companies. Brunswick's webcast of the event will be available on their website.
Brunswick (NYSE: BC) released its 2023 Sustainability Report, showcasing significant progress in environmental and social responsibility. Key achievements include a 6.3% reduction in Scope 1 and 2 carbon emissions and an 8.2% reduction in Scope 3 emissions. The company also decreased electricity usage at 56% of its facilities and achieved zero waste to landfill at 22 locations. Notably, Brunswick improved its Total Recordable Injury Rate by 52% compared to the national average and reduced water consumption by 14% in key manufacturing facilities. Additionally, the company increased participation in employee resource groups by 100% and granted nearly one million dollars in donations to not-for-profits, along with 100 scholarships. Brunswick received accolades from Newsweek, Forbes, and USA Today for its sustainability initiatives. The full report is available at Brunswick's website.
Brunswick (NYSE: BC) has announced a quarterly dividend of $0.42 per share, payable on June 14, 2024, to shareholders of record on May 13, 2024.
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