Brunswick Corporation reports developments across marine propulsion, boat brands, parts, accessories, electronics, and boating services. News commonly covers Mercury Marine propulsion systems, Navico Group electronics and electrical systems, Boston Whaler and Sea Ray boat brands, Freedom Boat Club operations, earnings releases, dividend declarations, and capital-market communications.
Company updates also include collaborations that apply Brunswick vessels, propulsion, and onboard technology to specialized marine platforms, franchise and corporate-club expansion within Freedom Boat Club, trade-show activity for premium boats and outboards, tariff and supply-chain commentary, and leadership changes within Brunswick Boat Group brands.
Brunswick Corporation (NYSE: BC) will be presenting at the Raymond James 44th Annual Institutional Investor Conference on March 6, 2023. CEO David M. Foulkes and CFO Ryan M. Gwillim will lead the presentation at 7:30am EST at JW Marriott Grande Lakes, Orlando, Florida. Investors can access the live webcast here, and are encouraged to log in 15 minutes early to ensure proper audio software installation. Brunswick, a leader in marine recreation, boasts over 60 brands, including Mercury Marine and Boston Whaler, and has received accolades for being one of the World’s Best Employers and America’s Most Responsible Companies.
Brunswick Corporation (NYSE: BC) concluded the 2023 Miami International Boat Show, showcasing record sales from its boat brands and significant gains for Mercury Marine outboard engines. Notable achievements included Sea Ray's revenue growth, Boston Whaler's strong international sales, and Mercury Marine controlling over 55% of outboard engine sales at the event. Brunswick received a record 15 awards for innovation and marketing, emphasizing its leadership in the marine industry. The company launched several new products, including the Mercury Racing V10 400R and Sea Ray 280 SLX Outboard, and reported positive consumer engagement during the show.
The Board of Directors of Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.40 per share, representing a 9.6% increase. This marks the 11th consecutive year of dividend increases, showcasing the company's growth and confidence in its strategy. The dividend is scheduled for payment on March 15, 2023, to shareholders recorded by February 27, 2023. CEO Dave Foulkes stated that all divisions are contributing to strong performance, enhancing shareholder value.
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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.
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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.