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.
At CES 2023 in Las Vegas, Brunswick Corporation (NYSE: BC) introduced Veer, a new boat brand catering to electric propulsion and targeting younger boaters. The first model, the X13, is a 13-foot vessel made from rotomolded polyethylene, designed for easy outdoor adventures. The X13 supports both Mercury Avator electric and standard gas propulsion systems. Starting at $11,995, it will be available for order in Spring 2023. The brand aims to expand boating accessibility while offering innovative and sustainable solutions for the outdoor experience.
Mercury Marine, part of Brunswick Corporation (NYSE: BC), unveiled the Mercury® Avator™ 7.5e electric outboard at CES 2023. This launch marks Mercury's advancement in electric propulsion, with the 7.5e being the first of several electric models expected this year. The Avator 7.5e offers 750W of power, comparable to a 3.5hp outboard, and features user-friendly attributes like swappable batteries and intuitive controls. With an emphasis on sustainability, it operates with zero emissions and recyclable components. Mercury also showcased concepts for future electric outboards.
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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.