Welcome to our dedicated page for Brunswick news (Ticker: BC), a resource for investors and traders seeking the latest updates and insights on Brunswick stock.
Brunswick Corporation reports developments across its marine recreation portfolio, including Mercury Marine propulsion, Brunswick Boat Group brands such as Boston Whaler and Sea Ray, Navico Group electronics and electrical systems, and Freedom Boat Club. Recurring news includes quarterly earnings releases, conference-call schedules, common stock dividends, boat show retail and engine-share updates, and product launches for outboards, marine displays, controls and autonomous boating systems.
Company updates also cover acquisitions within the Freedom Boat Club network, dealer and customer financing arrangements for Mercury products, leadership changes at boat brands, tariff and manufacturing commentary, and collaborations that apply Brunswick vessels, propulsion and marine electronics to uncrewed surface vessel platforms.
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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Brunswick Corporation (NYSE: BC) reported record performance at the 2022 Fort Lauderdale International Boat Show, showcasing significant sales increases across various brands. Sea Ray saw a 33% revenue increase, while Boston Whaler and Bayliner experienced strong sales. Mercury Marine dominated the show with over half of all outboard engines displayed. Navico Group also achieved a 20% electronics market share rise. Brunswick was recognized as the Most Innovative Marine Company for the third time in four years, reflecting growing brand strength and market share gains.
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.
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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.