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 division of Brunswick Corporation (NYSE: BC), has announced the opening of its 250th location in Delran, New Jersey, set for spring 2021. The franchise network has expanded from 170 to 250 locations since May 2019, with a 61% increase in memberships totaling over 36,500 across 31 states, Canada, and Europe. In 2020, the club completed over 400,000 trips, emphasizing record growth. Freedom Boat Club was also recognized by Entrepreneur magazine as a Top Growth Franchise.
Brunswick Corporation (NYSE: BC) has established the Rpl consumer advisory board to enhance the recreational boating experience. The board aims to include insights from new boaters, targeting increased engagement and product alignment. Brunswick's brands saw over 50% new boater warranty registrations, with a notable 99% increase in web traffic from women. The initiative strives to foster a more accessible, diverse boating culture, leveraging feedback to influence future strategies and innovations within the industry.
Brunswick Corporation (NYSE: BC), a leader in recreational boating, is enhancing its ACES strategy by appointing John Oenick as Director of Enterprise Electrification. This role aims to bolster the company's efforts in electrification and connectivity. Oenick's background includes significant experience in hybrid engine technology from his tenure at John Deere and strong roots in the automotive sector. Additionally, Brunswick's Fathom e-Power system, launched at CES 2020, exemplifies its commitment to eco-friendly boating. With growing electrification capabilities, Brunswick aims to lead innovation in the marine industry.
Brunswick Corporation (NYSE: BC) reported strong results at the 2020 Ft. Lauderdale International Boat Show. For three years running, Mercury Marine dominated outboard engine sales, achieving over half of all engines displayed. Despite lower attendance, Boston Whaler saw increased sales for key models, while Sea Ray performed well, introducing the new 370 Sundancer for 2021. Freedom Boat Club's local franchise doubled its membership sales compared to last year. CEO Dave Foulkes highlighted the company's innovative products and safety measures during the event.
Brunswick Corporation (NYSE: BC) announced the election of Nancy Cooper as its new non-executive Board Chair, effective November 1, 2020, succeeding Manuel A. Fernandez, who is retiring after over 20 years. Cooper, the first female Chair in Brunswick's 175-year history, has served on the Board for seven years, previously chairing the Audit Committee. Reginald Fils-Aime will join the Board in January 2021, bringing the total to 10 members. Cooper emphasizes the company's strategic focus and expresses gratitude for Fernandez's leadership.
Brunswick Corporation (NYSE: BC) reported its third quarter 2020 financial results on Oct. 29, 2020. The detailed press release is accessible on the company's investor website. CEO David M. Foulkes and CFO Ryan M. Gwillim will host a conference call to discuss the results, available for online listening. Analysts and investors can participate via telephone, with details provided for both North American and international callers. A replay of the call will be available shortly after the event, along with additional information on Brunswick's comprehensive line of consumer brands.
Brunswick Corporation (NYSE: BC) has completed a second investment in Sea Machines Robotics, focusing on autonomous technology for commercial vessels. The collaboration, which began with an initial investment in 2018, aims to enhance safety and performance in the marine industry. Brunswick's President, Brenna Preisser, highlighted that this investment aligns with their ACES strategy and future capabilities in boating experiences. Sea Machines has secured significant contracts, indicating growth potential in both commercial and recreational marine automation.
Brunswick Corporation (NYSE: BC) has appointed Reginald Fils-Aimé, former President and COO of Nintendo of America, to its board of directors. This move aims to leverage his extensive experience in consumer engagement and digital technology. Fils-Aimé, who retired from Nintendo in 2019, has over 35 years of leadership experience across various sectors. His insights are anticipated to enhance Brunswick’s customer relationships and brand presence.
FAQ
What is the current stock price of Brunswick Corporation (BC)?
What is the market cap of Brunswick Corporation (BC)?
What industries does Brunswick Corporation operate in?
What are some of Brunswick's well-known brands?
How has Brunswick shown its commitment to sustainability?
What recent financial achievements has Brunswick reported?
What is Brunswick's approach to innovation?
What recognitions has Brunswick received recently?
How does Brunswick support its employees' well-being?
What are Brunswick’s core values?
Where is Brunswick Corporation headquartered?
How many employees does Brunswick Corporation have?
