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.
The Board of Directors of Brunswick Corporation (NYSE: BC) declared a quarterly dividend of $0.24 per share, payable on September 11, 2020, to shareholders of record by August 25, 2020. CEO Dave Foulkes emphasized the company’s commitment to sustaining dividends despite challenges posed by the COVID-19 pandemic, highlighting a strong liquidity position and demand for marine products. This declaration indicates Brunswick's dedication to returning capital to its shareholders while navigating uncertain market conditions.
Brunswick Corporation (NYSE: BC) will announce its second quarter 2020 financial results on July 30, 2020, before market opening. The complete results will be accessible on the company's website and the SEC's site via a Form 8-K filing. A conference call will take place at 10 a.m. CDT, hosted by CEO David M. Foulkes and CFO Ryan M. Gwillim. Participants can join the call via telephone or online. A replay will be available until August 5, 2020. Brunswick's leading brands include Mercury Marine, Bayliner, and Sea Ray.
Brunswick Corporation executives Brenna Preisser and Michelle Dauchy have been honored in Boating Industry Magazine's Women Making Waves list, recognizing their contributions to the marine industry and promoting diversity. Preisser highlighted the need for women leaders to shape the future of the industry, while Dauchy praised Brunswick’s inclusive culture and the establishment of a Women’s Leadership Coalition. Brunswick has been acknowledged for its commitment to diversity, being named to Forbes Best Employers for Diversity and receiving multiple awards for women's achievements in manufacturing.
Brunswick Corporation (NYSE: BC) plans to repay $200 million from its revolving credit facility on June 26, 2020, following an initial drawdown of $385 million to bolster liquidity during COVID-19 uncertainties. CFO Ryan Gwillim stated that the decision reflects confidence in the marine market and aims to balance risks with potential post-lockdown demand across its boat, engine, and parts & accessories sectors. Despite ongoing economic uncertainties, Brunswick remains optimistic about its financial stability and future performance.
Mercury Marine, part of Brunswick Corporation (NYSE: BC), has partnered with Frydenbø to become the preferred engine supplier for its boat brands, Sting and Nordkapp, globally. This collaboration aligns with Frydenbø's ambition for growth and aims to leverage both companies' strengths in the marine industry. Frydenbø plans to introduce boats powered by Mercury for the model year 2021, showcasing new models at Scandinavia’s largest boat show in September. Mercury Marine, a $3 billion leader in marine propulsion, is excited about expanding its customer base through this partnership.
Brunswick Corporation (NYSE: BC) announced the appointment of Ryan M. Gwillim as Senior Vice President and Chief Financial Officer, effective immediately, succeeding William L. Metzger, who will retire on July 10, 2020. Gwillim, formerly Vice President, Finance & Treasurer, brings extensive experience in finance and legal roles within the company. CEO David Foulkes praised Metzger's 33 years of service, highlighting his role during significant company transformations. Additionally, Brian Frey has been promoted to Vice President and Treasurer, enhancing Brunswick's leadership depth.
Mercury Marine, a division of Brunswick Corporation (NYSE:BC), has secured a strategic supply agreement with BRP to supply outboard engines for BRP's Alumacraft, Manitou, Quintrex, and Stacer brands. This move comes as BRP discontinues its E-TEC engine production. Mercury Marine aims to leverage this opportunity for growth and enhance its market position with award-winning outboard engines, having established long-term relationships with these brands. Boat packages featuring Mercury outboards will be available in early June 2020, following recent capacity investments.
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