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 (NYSE: BC) delivers innovative marine propulsion systems, fitness solutions, and recreational products through its portfolio of 60+ industry-leading brands. This news hub provides investors and industry professionals with comprehensive updates on corporate developments across all business segments.
Access timely reports on earnings announcements, product innovations like Mercury Marine technologies, and strategic partnerships. Our curated collection features press releases covering sustainability initiatives, manufacturing expansions, and market leadership in marine recreation.
Stay informed about BC's operational milestones through verified updates on boat manufacturing advancements, connected fitness solutions, and billiards industry developments. All content undergoes rigorous fact-checking to ensure compliance with financial reporting standards.
Bookmark this page for direct access to Brunswick's latest corporate communications, including regulatory filings and executive leadership updates. Combine these resources with fundamental analysis tools for informed investment research.
Mercury Marine, part of Brunswick Corporation (NYSE: BC), will open a new 512,000 sq. ft. distribution center near Indianapolis by October 2022. This strategic facility aims to enhance delivery and service, reducing logistics costs. The current distribution center in Fond du Lac will be repurposed for manufacturing, expanding production capabilities to meet record demand for propulsion systems. Additionally, Mercury is expanding its Fond du Lac campus by 100,000 sq. ft. for foundry and machining, reflecting an investment exceeding $1.7B since 2009. These initiatives are crucial for supporting global customer needs.
Land ‘N’ Sea, a division of Brunswick Corporation (NYSE:BC), has reported a significant 30% increase in sales during its 2021 show season, following a successful virtual program launched in 2020 amidst the pandemic. In-person attendance rose nearly 20% compared to the last physical event in 2019. The company emphasizes a hybrid format for future events, combining in-person and virtual experiences, which has resonated well with attendees. The president attributed this success to the strong partnership with dealers, who have been proactive in stocking inventory ahead of a promising 2022 for the marine industry.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has been honored with a 2022 CES Innovation Award for its V12 600hp Verado outboard engine, marking its second consecutive win at CES. The V12 engine is recognized for exceptional fuel efficiency and reduced carbon dioxide emissions, featuring an integrated automatic transmission and advanced propeller technology. Sea trials indicate a 20% improvement in fuel economy compared to competitors. The award reflects Mercury's commitment to innovation in the marine industry and offers a sustainable boating alternative.
Brunswick Corporation (NYSE: BC) reported a record performance at the 2021 Fort Lauderdale International Boat Show, achieving significant sales growth across its brands. Mercury Marine displayed the most outboard engines, capturing over half the market share. Boston Whaler and Sea Ray saw revenue increases of 35% and 30%, respectively, compared to last year. Brunswick's Advanced Systems Group products were on over 70% of U.S. OEM boats at the show. CEO Dave Foulkes noted this success reflects strong consumer sentiment and momentum heading into 2022.
Brunswick Corporation (NYSE: BC) reported its Q3 2021 financial results on October 28, 2021. The full release is available on the Company's website and via SEC filing. A conference call featuring CEO David M. Foulkes and CFO Ryan M. Gwillim will occur on the same day, providing insights into the financial performance. The call can be accessed online or by telephone. Brunswick's diverse portfolio includes top consumer brands like Mercury Marine and various boat models. For more details on operational performance and future outlook, visit the investor section of Brunswick’s website.
Brunswick Corporation (NYSE:BC) has appointed Keith Yunger as the new president of its Sea Ray boat brand, effective immediately. Yunger has 16 years of experience within the company, previously leading the Bayliner brand and the Venture Group. His appointment comes as former president Steve Langlais takes a medical leave. Yunger aims to continue the brand's transformation and uphold its legacy of innovation in recreational boating.
Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.335 per share, payable on December 15, 2021, to shareholders on record as of November 23, 2021. CEO Dave Foulkes affirmed the company's commitment to long-term value through its industry-leading brands and recent acquisitions, including Navico, RELiON, and SemahTronix. The Board of Directors expressed confidence in executing a balanced capital strategy while enhancing business growth, showcasing their strength and profitability in the industry.
On October 18, 2021, Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), announced the acquisition of its Freedom Boat Club of Connecticut franchise and territory. This strategic acquisition includes seven current locations and rights for future expansion, aiming to enhance growth before the 2022 boating season. The Connecticut market has seen a double-digit annual membership growth since 2016, showcasing strong demand. This is Brunswick's fourth acquisition in 2021, further expanding its presence in the Northeast and metropolitan markets.
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