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) has appointed John Buelow as Executive Vice President and President of Mercury Marine, effective immediately, following Chris Drees's departure from the company. Buelow, a Brunswick veteran with nearly 20 years of experience, previously held senior roles, including Vice President of Global Operations. He played a key role in significant enhancements at Mercury and led innovative projects during his tenure. David M. Foulkes, CEO, expressed confidence in Buelow's ability to maintain Mercury's momentum and growth while highlighting the company's commitment to succession planning.
Brunswick Corporation (NYSE: BC) announced its fourth quarter and full year 2022 financial results on February 2, 2023. The results indicate Brunswick’s strong position in the marine recreation market, showcasing significant growth through innovative, technology-driven solutions. A conference call hosted by key executives will provide further insights into financial performance and business strategies. Investors can access a replay of the call and detailed financial results on the company's website. Brunswick, recognized by Forbes and Newsweek for workplace excellence, remains committed to industry leadership and consumer-focused innovations.
Brunswick Corporation (NYSE:BC) reports strong momentum for the 2023 boat show season, highlighted by significant attendance at events like the Consumer Electronics Show (CES) and the Dusseldorf Boat Show. The launch of new products, including the Veer boat brand and Mercury's electric engine, underscores the company's ACES Innovation Strategy. Mercury Marine leads the outboard engine market in Europe with a 40% share, while Sea Ray saw an 8% increase in sales at Dusseldorf compared to the pre-pandemic levels. Brunswick's CEO, Dave Foulkes, expressed optimism about the company's performance as it heads toward the Miami International Boat Show.
Brunswick Corporation (NYSE: BC) is set to release its fourth quarter and full year 2022 financial results on February 2, 2023, before the market opens. The results will be available on the company's website and filed with the SEC. A conference call will follow at 10 a.m. CST on the same day, hosted by key executives. Participants can join via telephone or listen online. A replay of the call will be available until February 9, 2023.
Brunswick Corporation (NYSE: BC) has unveiled a significant rebranding at CES 2023, emphasizing its commitment to technology-driven solutions in the marine industry. The new tagline, “Next Never Rests™,” underlines the brand's innovation strategy across its portfolio, including brands like Boston Whaler and Mercury Marine. The rebranding aims to enhance consumer experiences and reinforce the company's leadership. Notable product launches include Mercury Marine's Avator electric outboards and the Fathom e-power system from Navico Group, showcasing Brunswick's dedication to sustainable innovation.
At CES 2023 in Las Vegas, Brunswick Corporation (NYSE: BC) introduced Veer, a new boat brand catering to electric propulsion and targeting younger boaters. The first model, the X13, is a 13-foot vessel made from rotomolded polyethylene, designed for easy outdoor adventures. The X13 supports both Mercury Avator electric and standard gas propulsion systems. Starting at $11,995, it will be available for order in Spring 2023. The brand aims to expand boating accessibility while offering innovative and sustainable solutions for the outdoor experience.
Mercury Marine, part of Brunswick Corporation (NYSE: BC), unveiled the Mercury® Avator™ 7.5e electric outboard at CES 2023. This launch marks Mercury's advancement in electric propulsion, with the 7.5e being the first of several electric models expected this year. The Avator 7.5e offers 750W of power, comparable to a 3.5hp outboard, and features user-friendly attributes like swappable batteries and intuitive controls. With an emphasis on sustainability, it operates with zero emissions and recyclable components. Mercury also showcased concepts for future electric outboards.
On November 15, 2022, Mercury Marine, part of Brunswick Corporation (NYSE: BC), launched the industry's first V10 outboard engines, the 5.7L 350 and 400hp Verado. These engines are noted for being 45% quieter than competitors and feature advanced technologies like the dual-mode 48V/12V alternator, enhancing fuel efficiency. Weighing only 695 pounds, the V10 engines are designed for versatility across various boat types. Mercury's $2B investment in R&D since 2008 continues to support strong demand in the market.
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