Brunswick Corp Stock Price, News & Analysis

Brunswick Corporation (NYSE: BC) announced its third quarter 2022 financial results, detailed on its website. A conference call is scheduled for October 27, 2022, at 10 a.m. CDT to discuss the results, hosted by top executives. Investors can participate via phone or online. The company continues to leverage its leading brands in the marine sector, including Mercury Marine and Navico Group. Forward-looking statements caution potential risks including economic conditions, supply chain disruptions, and strategic integration challenges.

Brunswick Corporation (NYSE: BC) has been named the "Most Innovative Marine Company" for the third time in four years by Soundings Trade Only. The award was announced virtually due to the cancellation of the IBEX 2022 event. Brunswick was praised for its record-setting performance in 2022 and its notable product launches, including the Boston Whaler 360 Outrage and the electric Avator concept from Mercury Marine. CEO Dave Foulkes highlighted the company’s Next Wave strategy, emphasizing growth potential through innovation and market demand management across its diverse portfolio.

Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has launched a new 512,000 square foot distribution center in Brownsburg, Indiana. This facility aims to enhance parts and accessories operations, streamline logistics, and create approximately 350 new jobs in its first year. Significantly larger than the previous center in Fond du Lac, Wisconsin, it incorporates advanced distribution technologies and is LEED certified to emphasize sustainability. This expansion is expected to positively impact Mercury's global operations and local community.

The Board of Directors of Brunswick Corporation (NYSE: BC) declared a quarterly dividend of $0.365 per share, payable on December 15, 2022, to shareholders of record by November 23, 2022. This decision reflects the company’s ongoing commitment to returning value to its shareholders. Brunswick Corporation, headquartered in Mettawa, Illinois, is known for its leading consumer brands in the marine industry, including Mercury Marine outboard engines, various boat brands, and marine components.

Brunswick Corporation (NYSE: BC) is set to announce its third-quarter 2022 financial results on October 27, 2022, prior to market opening. The results will be shared via an advisory release on the company's website, with a detailed Form 8-K filing also available on the SEC's site. Following this, a conference call will be held at 10 a.m. CDT, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Investors can participate by calling specific numbers or listening online. A replay will be accessible until November 3, 2022.

Navico Group has launched the Fathom e-Power System, an integrated lithium-ion power management solution for marine and RV applications. The system features advanced digital controls, enabling users to monitor and manage power consumption effortlessly. Available in customizable kits (12V, 24V, and 48V), it aims to electrify the boating experience, enhancing user control and efficiency while reducing traditional generator noise and emissions. The product's integration capabilities and focus on sustainability underscore Navico's commitment to innovation in the power management sector.

Brunswick Corporation achieved significant success at the Cannes Boat Show, with Mercury Marine recording a 65% outboard market share, a notable increase from 2021. Mercury’s outboard engines were showcased extensively during the event. Additionally, Sea Ray reported nearly a 30% revenue increase compared to the previous year. The event also highlighted the growing interest in Navico Group’s products. Brunswick continues to be recognized for its commitment to diversity and inclusion, reflecting its status as a top workplace.

Brunswick Corporation (NYSE: BC) announced the formation of Navico Group, integrating its Advanced Systems Group with recent acquisitions Navico and RELiON Battery LLC. Led by Brett Dibkey, Navico Group will serve marine, RV, and industrial markets, featuring brands like Lowrance, Simrad, and Mastervolt. CEO Dave Foulkes emphasized that this move strengthens their position as a leader in integrated systems. The group will have four strategic business units focused on Power Systems, Digital Systems, Fishing Systems, and Performance Components, supporting global operations through regional leadership.