Brunswick Corp Stock Price, News & Analysis

Brunswick Corporation (NYSE: BC) has elected MaryAnn Wright to its Board of Directors. With over 30 years of experience in automotive technology, she previously held senior roles at Johnson Controls International and Ford Motor Company. Wright's expertise in hybrid-electric and hydrogen-powered vehicles aligns with Brunswick's ACES strategy. Her background includes prominent engineering roles and leading teams to deliver exceptional results. Wright holds degrees in Economics, Engineering, and an MBA in finance.

Brunswick Corporation received six Top Product Awards from Boating Industry Magazine, recognizing its innovative offerings in the marine sector. The Advanced Systems Group won three awards, while the Boat Group secured two. The Mercury Marine's V12 600hp Verado outboard engine was also honored. Adam Quandt, Managing Editor of Boating Industry, praised Brunswick's commitment to excellence and innovation in the recreational boating industry. CEO Dave Foulkes highlighted the company's extensive capabilities and brand recognition, reinforcing the commitment to delivering exceptional products in the marine lifestyle.

Brunswick Corporation (NYSE: BC) held its 2021 Virtual Investor Day on May 10, showcasing its "Next Wave" strategy for business evolution, including new products and technologies. The company raised its 2022 EPS guidance to between $8.25 and $8.75. CEO Dave Foulkes emphasized the broadening appeal of the marine lifestyle, targeting younger, diverse boaters. Key strategy themes include advancements from the ACES strategy, new business models, and sustainable growth targets. A Q&A session is scheduled for May 17, 2021, with a transcript available by May 20.

Brunswick Corporation (NYSE: BC) will conduct a virtual investor day on May 10, 2021, to discuss its strategic plan and innovative ACES products. A live Q&A session follows on May 17, 2021.

Key executives, including the CEO and CFO, will present during the event, traditionally aligned with the Miami International Boat Show, which is cancelled this year.

Investors can access the event via www.brunswick.com after 8am CDT on May 10. A transcript of the Q&A will be available by May 20, 2021.

Brunswick Corporation (NYSE: BC) announced a 24% increase in its quarterly dividend, raising it to $0.335 per share. This marks the ninth consecutive year of dividend increases, demonstrating the company’s strong financial position. The dividend is set to be paid on June 15, 2021, to shareholders recorded by May 18, 2021. CEO Dave Foulkes emphasized the company’s robust earnings and cash flow as key factors enabling this significant dividend boost, reflecting strong confidence in the company’s outlook and strategy.

Brunswick Corporation (NYSE: BC) announced its first quarter 2021 financial results on April 29, 2021. The complete results are available on their website. The company will hold a conference call at 10 a.m. CDT to discuss these results, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Investors can join the call via phone or online, with a replay available until May 6, 2021. Brunswick continues to lead in marine consumer products, including Mercury Marine engines, various boat brands, and essential boating services.

Brunswick Corporation (NYSE: BC) has announced a partnership with Carnegie Robotics LLC to enhance its ACES strategy (Autonomy, Connectivity, Electrification, and Shared Access). This collaboration aims to develop advanced driver assistance and autonomous solutions for the marine industry. CEO Dave Foulkes expressed excitement over integrating CRL’s autonomy technologies into new product development. The partnership is expected to accelerate the delivery of innovative marine experiences by leveraging CRL’s expertise in sensor technology and artificial intelligence.

Brunswick Corporation (NYSE: BC) will announce its first quarter 2021 financial results on April 29, 2021, prior to market opening. The complete results will be accessible on the company's investor website and through a Form 8-K filing with the SEC. A related conference call will be held at 10 a.m. CDT the same day, featuring CEO David M. Foulkes and other executives. Investors can join via phone or stream online. A replay will be available until May 6, 2021.

For more information, visit Brunswick's investor site.

Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), has acquired the Freedom Boat Club of New York franchise, expanding its presence across six locations in the area including Long Island and New York City. This acquisition follows a recent purchase in Chicago, highlighting the company’s rapid growth strategy. The New York club currently boasts over 600 memberships, growing nearly 30% annually. Freedom Boat Club now has a total of seven corporate territories, positioning itself strongly in key boating markets across the U.S. and internationally.