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) 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.
Mercury Marine, part of Brunswick Corporation (NYSE: BC), has expanded its partnership with Beneteau, allowing Beneteau customers to order Mercury outboards for 2021 models. This collaboration aims to enhance the performance and quality of their boat and engine packages globally, building on prior success in North America. Beneteau is optimistic about replicating this success in other regions, citing growing demand for large outboards. Customers can begin ordering immediately, with products showcased at upcoming European events.
Brunswick Corporation (NYSE: BC) has appointed Aine Denari as President of the Brunswick Boat Group, effective October 26, 2020, succeeding Huw Bower. Denari brings over 20 years of experience from the automotive industry, notably as senior vice president at ZF AG's ADAS business. She will oversee Brunswick's extensive boat portfolio, aiming to enhance innovation and customer focus. CEO Dave Foulkes highlighted Denari's leadership skills and experience in implementing technology, which is crucial for advancing the company's ACES strategy in the recreational marine sector.
Brunswick Corporation (NYSE: BC) has announced a 12.5% increase in its quarterly dividend, raising it to $0.27 per share. This marks the eighth consecutive year of dividend growth, reflecting confidence in its marine portfolio and strong demand for its brands. The dividend is set to be payable on December 18, 2020, to shareholders of record as of November 24, 2020. CEO David Foulkes emphasized the ongoing commitment to capital plans and long-term value creation for shareholders.
Brunswick Corporation has appointed Michael Adams as Vice President and Chief Information Officer, effective immediately. He succeeds Danielle Brown, who is leaving for other opportunities. Adams, who joined Brunswick in 2017, has played a crucial role in transforming the company's IT capabilities and will now oversee enterprise information systems.
CEO Dave Foulkes emphasized the importance of this role in advancing Brunswick's digital transformation. Adams aims to enhance digital initiatives and operational models for a better customer experience in the recreational marine industry.
Brunswick Corporation (NYSE: BC) will announce its Q3 2020 financial results on October 29, 2020, prior to the market opening. A conference call will be held at 10 a.m. CDT, featuring key executives including CEO David M. Foulkes. Analysts and investors can join via telephone or listen online through the company's investor relations page. A replay of the call will be accessible until November 4, 2020. The results will later be available on the SEC's website.
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