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.
Freedom Boat Club, a Brunswick (NYSE: BC) brand, has acquired the South Florida franchise operations and territory. This acquisition adds 13 corporate locations from Pompano Beach to Stuart, Florida, with rights to expand along the Southeast Florida coastline. The move enhances Freedom's corporate presence in the region, creating opportunities for operational efficiencies.
The acquired South Florida operation, established in 2014 by Dan Lund, has been recognized for its top franchise growth and won The Best of Palm Beach County award for five consecutive years. Since Brunswick's acquisition of Freedom Boat Club in 2019, the company has expanded from 170 to over 415 locations globally across North America, Europe, and Australia.
Brunswick (NYSE: BC), the world's largest recreational marine technology company, has been named to Newsweek's list of the World's Most Trustworthy Companies for the second consecutive year. The company was recognized in the Machines and Industrial Equipment category, reflecting its commitment to improving employee experiences, driving customer loyalty, and building investor confidence.
The list was compiled through an extensive survey of 70,000 people across 20 countries, evaluating elements related to customer, investor, and employee trust. A total of 1,000 companies made the list across 23 industries. Brunswick's CEO, Dave Foulkes, expressed honor at the recognition, emphasizing the company's commitment to conducting business responsibly and with integrity.
This award adds to Brunswick's recent national recognitions for employee and customer satisfaction, underscoring its dedication to maintaining a positive corporate culture and stakeholder relationships.
Brunswick (NYSE: BC) has announced significant organizational changes to broaden the experience of its senior leadership team. Aine Denari is appointed Executive VP and President of Navico Group, and Brunswick Chief Technology Officer. Brenna Preisser becomes Executive VP and President of Brunswick Boat Group. Will Sangster is promoted to Senior VP and President of Business Acceleration.
These changes aim to leverage the leaders' proven track records and expertise across different divisions. Denari will lead Navico Group's evolution and Brunswick's technology strategy. Preisser will oversee Brunswick's portfolio of 18 leading boat brands. Sangster will focus on growing the Business Acceleration division, including Freedom Boat Club's international expansion.
CEO Dave Foulkes emphasized that these moves, along with Ryan Gwillim's recent role expansion to CFO and Chief Strategy Officer, reflect Brunswick's commitment to developing high-potential leaders and maintaining a competitive advantage through talent management.
Brunswick (NYSE: BC) has released its second quarter 2024 financial results. The full-text financial results press release is available on the company's website and will also be filed with the SEC. Brunswick will hold a conference call on Thursday, July 25, 2024, at 10 a.m. CDT/ 11 a.m. EDT, hosted by CEO David M. Foulkes, CFO Ryan M. Gwillim, and SVP of Enterprise Finance Neha Clark.
Analysts and investors can participate via telephone by calling 877-900-9524 (North America) or 412-902-0029 (outside North America). The call can also be accessed via the Internet at www.brunswick.com/investors. A replay will be available until August 1, 2024, by calling 877-660-6853 or 201-612-7415 (Access ID: 13747526) or on the company's website.
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.
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