Brunswick Corp Stock Price, News & Analysis

Boateka, Brunswick Corporation’s certified pre-owned boat business, has officially opened a new 22,000-square-foot refurbishment and sales center in Merritt Island, Florida. This facility aims to enhance the boat-buying experience and provide synergies with Brunswick's other divisions. Boateka has experienced growth due to increased demand from customers seeking a simplified buying platform, with a focus on transparency and comprehensive inspections. The new center allows for complete in-house operations, including boat reconditioning and sales.

Mercury Marine, part of Brunswick Corporation (NYSE:BC), announced a partnership with Alliant Energy to construct a 5-megawatt solar array in Fond du Lac County, Wisconsin. The project, known as the Ledgeview Solar Project, aims to enhance sustainability by offsetting 10% of Mercury's electricity use at its campus. It will feature over 12,000 solar panels, enough to power approximately 1,300 homes annually. Construction is slated for spring 2023, with operations starting in October 2023, reinforcing Mercury’s commitment to derive 50% of its electricity from renewable sources by 2030.

The Board of Directors of Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.365 per share, payable on September 15, 2022, to shareholders on record as of August 24, 2022. This decision reflects the Board's confidence in the company and its commitment to returning capital to shareholders. The company has reported improved liquidity and continues to execute its strategic plans, addressing record demand and supporting global channel partners.

Brunswick Corporation (NYSE: BC) will announce its second quarter 2022 financial results on July 28, 2022, prior to market opening. The complete results will be accessible on their website and through the SEC's Form 8-K filing. A conference call will take place at 10 a.m. CDT, featuring executives David M. Foulkes, Ryan M. Gwillim, and Neha J. Clark. The call can be accessed via telephone or through their website for streaming. A replay will be available until August 4, 2022.

Brunswick Corporation (NYSE: BC) has been recognized as a finalist for the 2022 Maverick Award in the Adobe Experience Maker Awards. This award honors innovation in customer experiences utilizing Adobe Experience Cloud solutions. Brunswick, home to a diverse portfolio including Mercury Marine and Freedom Boat Club, emphasizes its commitment to enhancing consumer interactions through an integrated digital and physical experience. Voting for the Maverick Award is open until June 14, with winners announced during a virtual gala on June 22.

Brunswick Corporation's CEO David M. Foulkes and CFO Ryan M. Gwillim are scheduled to present at the Baird 2022 Global Consumer, Technology and Services Conference on June 8, 2022. The presentation will begin at approximately 10:50 AM EDT and will be available via live webcast. Interested participants can access the webcast at https://wsw.com/webcast/baird64/bc/1574524, and presentation materials will also be posted on Brunswick's website.

Brunswick's portfolio includes leading brands in marine engines and boats.

Brunswick Corporation announced that its Freedom Boat Club is expected to surpass 50,000 memberships globally, comprising over 75,000 members. Since its acquisition in 2019, Brunswick has doubled memberships and locations, contributing significantly to its revenue. The club's recurring revenue model is expected to deliver over 40% of total earnings, aiming for 50% by 2025. Brunswick's expansion continues through new markets and franchise growth, showcasing the potential for further growth.

Freedom Boat Club, a subsidiary of Brunswick Corporation (NYSE: BC), has acquired the Tampa Bay franchise, the largest in its network. This acquisition encompasses 30 locations and the rights for future expansions, significantly boosting Freedom's operational footprint in Florida.

By connecting adjacent territories, the company aims to enhance operational efficiencies and accelerate growth in a rapidly developing area. The deal follows Freedom's recent expansion into Atlanta, establishing a wider corporate presence across various U.S. regions and Europe.

Brunswick Corporation (NYSE: BC) has appointed Neha Clark as Senior Vice President of Enterprise Finance, succeeding Brent Dahl, who becomes Chief Financial Officer of Brunswick Boat Group. Clark, who joined Brunswick in 2019 as CFO of Brunswick Boat Group, will now oversee key global finance functions, including Investor Relations and Mergers & Acquisitions. Dahl has been with Brunswick since 2002, previously serving in various financial roles, and will now focus on aiding the Boat Group's growth strategy. These leadership changes aim to strengthen Brunswick's financial organization and support its growth.