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 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.
Freedom Boat Club, part of Brunswick Corporation (NYSE: BC), has acquired the Rhode Island franchise operation, including all four current locations and rights for future expansion. This acquisition enhances Brunswick's growth strategy in top boating markets, following recent purchases in New York and Connecticut. With this expansion, Freedom Boat Club aims to strengthen its regional presence and operational efficiencies. The former franchise owner, Richard Cromwell, will assist in the transition, ensuring business continuity and the legacy of exceptional on-water experiences for members.
Freedom Boat Club, a part of Brunswick Corporation (NYSE: BC), announced the opening of its 300th location in Boston and Cape Cod, co-owned by franchisees Matt Carrick and Matt O'Connor. This marks an increase from 170 to 300 locations since Brunswick's acquisition in May 2019, growing total memberships to over 46,000 across 33 states, Canada, and Europe. The club completed over 425,000 boating trips in 2021, showcasing significant growth and commitment to enhancing the boating experience. The new location will open for the 2022 season at Safe Harbor Plymouth.
Brunswick Corporation (NYSE: BC) announces the appointment of Jill Wrobel as Executive Vice President and Chief Human Resources Officer (CHRO), effective December 8, 2021. Wrobel, who joined the company in December 2020, has previously led human resources strategy and will now oversee all HR functions. She succeeds Brenna Preisser, who has transitioned to focus on strategy and business acceleration. CEO Dave Foulkes praised the succession process and Wrobel’s contributions, emphasizing a commitment to enhancing workforce performance.
Brunswick Corporation (NYSE: BC) has announced a significant expansion of its boat manufacturing facility in Reynosa, Mexico, adding 150,000 square feet to its current footprint of 235,000 square feet. This expansion will increase production capacity by nearly 60%, supporting the growing demand for brands like Bayliner and Sea Ray. The investment will create over 600 jobs in the local community, with the first boat expected to be produced by late 2023. This move aligns with Brunswick's strategy for efficient growth and follows multiple expansions throughout 2021.
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.
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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.
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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.