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 release its Q1 2022 financial results on April 28, 2022, before market opening. The full results will be accessible on their website, with additional filings on the SEC's site. A conference call will occur at 10 a.m. CDT, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Investors can join via phone or online, with replay options available until May 5. Brunswick, based in Mettawa, Illinois, is known for its marine products and services.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), reported impressive market share growth at the Palm Beach International Boat Show, capturing nearly 60% of total outboard engines and 70% of those over 200hp. This achievement signals Mercury's strongest performance at a Florida show to date, reflecting ongoing gains at other major shows like Miami and Ft. Lauderdale. President Chris Drees attributes this success to increasing demand, particularly in South Florida, and anticipates continued growth for the remainder of the year.
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Brunswick Corporation (NYSE: BC) has appointed Alexandra Cattelan as Chief Technology Officer, effective immediately. Cattelan, with over 30 years in electric propulsion and advanced mobility, previously served at Polaris Industries and Fiat Chrysler. She will enhance Brunswick’s ACES strategy and maintain its technology leadership in the marine industry. CEO Dave Foulkes praised her extensive experience in advanced vehicle technology that aligns with the company's goal of delivering smart products. Cattelan expressed excitement about joining Brunswick at a transformative time.
Mercury Marine, part of Brunswick Corporation, showcased a record number of outboard engines at the Dubai International Boat Show, achieving nearly 90% market share. The company debuted its quad 7.6L V12 600hp Verado engines in the Middle East and highlighted its racing products, including the 300R AMS and 450R. This follows successful appearances at other major shows, reinforcing Mercury's leading position in the marine engine market. With strong partnerships in the UAE and plans for continued growth, 2022 is set to be a promising year for Mercury Marine.
Brunswick Corporation's Navico division is set to expand its Ensenada, Mexico facility over the next 16-18 months, increasing production capacity to meet record demand for its marine electronics products. The expansion will add 35% more space, including a new 50,500 sq. ft. building dedicated primarily to production. This initiative is expected to create over 100 jobs in the local community. With cutting-edge technology being installed, Navico aims to enhance manufacturing capabilities to support growing demand and bolster vertical integration.
Brunswick Corporation will present at the Raymond James 43rd Annual Institutional Investor Conference on March 9, 2022. CEO David M. Foulkes and CFO Ryan Gwillim will host the event, scheduled to begin at approximately 9:15 AM EST in Orlando, Florida. Investors can tune in to a live webcast of the presentation, accessible here. Attendees are advised to log in 15 minutes prior to the start.
Brunswick Corporation is recognized for its diverse consumer brands in the boating industry, including Mercury Marine and various boat models.
Brunswick Corporation (NYSE: BC) recently held its 2022 Virtual Investor Day, showcasing its Next Wave strategy aimed at fueling future growth. Key points include ambitious targets for 2025: $10B in revenues, over 50% market share in the US outboard engine market, and exceeding $3.25B in parts and accessories sales. The strategy emphasizes synergies across divisions, innovative product offerings, and growth initiatives like expanding the Freedom Boat Club.
The event featured insights from senior leadership about the company’s robust growth potential.
Brunswick Corporation (NYSE:BC) kicked off the 2022 saltwater boat show season with a successful showing at the Miami International Boat Show, following a record year in 2021. The company showcased its Next Wave strategy and ACES initiatives with innovations like driver-assistance systems and electric propulsion, earning 16 awards including three NMMA Innovation Awards. Mercury Marine led the way with a significant market presence, displaying more outboard engines than any other manufacturer. Boat sales revenue surged over 30% compared to the 2020 pre-pandemic show, with Boston Whaler seeing a nearly 40% increase.
Brunswick Corporation (NYSE: BC) has announced a quarterly dividend increase of 9%, raising the payment to $0.365 per share. The record date for this dividend is set for close of business on February 28, 2022, with a payable date of March 15, 2022. This marks the tenth consecutive year of dividend increases, reflecting the company's strong business performance and confidence in future growth, as stated by CEO Dave Foulkes. The announcement reinforces Brunswick's commitment to delivering value to its shareholders.