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.
The Board of Directors of Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.365 per share, marking a 9% increase and the tenth consecutive year of growth. The dividend will be payable on March 15, 2022, to shareholders of record by February 23, 2022. CEO Dave Foulkes attributed this achievement to the company's strong performance and confidence in future growth, aligning with their 'Next Wave' strategy aimed at enhancing its leadership in the marine industry.
Brunswick Corporation (NYSE: BC) showcases significant innovation at the 2022 Miami International Boat Show, emphasizing its ACES (autonomy, connected, electrified, shared) strategy. The company debuts new products across its divisions, such as the Mercury Avator electric outboard concept, Boston Whaler 360 Outrage, and the Simrad NSX chartplotter. CEO Dave Foulkes highlights the company's commitment to leading the marine industry with advanced technologies, aiming to enhance boating experiences. In addition, Freedom Boat Club is recruiting at the event, spotlighting Brunswick’s expanding brand influence.
Mercury Marine, part of Brunswick Corporation (NYSE: BC), unveiled its Avator™ electric outboard concept at the 2022 Miami International Boat Show, marking a significant step toward marine innovation. The Avator demonstrates Mercury's commitment to electrification, offering boating with zero direct emissions and features like swappable batteries. This initiative aims to enhance user experience and broaden accessibility in boating. The company plans to expand its electric offerings, aiming to maintain its leadership in both traditional and electric power solutions for the marine industry.
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Brunswick Corporation (NYSE: BC) announced its fourth quarter and full year 2021 financial results. The results detail the company's performance amidst various challenges, including supply chain disruptions and market conditions. A conference call will be held today to discuss the results in detail, providing insights from key executives. The press release contains forward-looking statements, highlighting risks that may impact future performance, such as economic conditions and operational challenges. For further information, the full press release is accessible on Brunswick's website.
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Nextech AR Solutions Corp (OTCQB: NEXCF, NEO: NTAR) announces multiple CAD to POLY deals across various industries, including partnerships with Ford (NYSE: F), Brunswick Corporation (NYSE: BC), and Jacuzzi Brands. This collaboration validates their ARitize CAD technology, allowing efficient conversion of large CAD files into lightweight 3D models. With the global CAD market projected to reach $11 billion by 2023, Nextech aims to capitalize on the demand for 3D models, enhancing engagement in the metaverse and potentially driving higher sales.
Brunswick Corporation (NYSE: BC) will announce its fourth quarter and full year 2021 financial results on January 27, 2022, prior to market opening. The complete results will be publicly accessible on the Company’s website and via the SEC’s Form 8-K filing. A conference call will be held at 10 a.m. CST, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Investors can join by calling designated numbers or streaming online. A replay will be available until February 3, 2022. For more details about Brunswick's offerings, visit brunswick.com.
On January 4, 2022, Brunswick Corporation (NYSE: BC) announced a virtual power purchase agreement (VPPA) with Vesper Energy to secure clean solar energy for its global operations. The deal aims to supply approximately 57 MW of renewable energy annually from Vesper's 500 MW Hornet Solar project in Texas, expected to be operational by late 2023. Brunswick's commitment to sustainability is underscored by various recognitions in 2021 for its ESG initiatives, including being included in Forbes' lists for diversity and responsibility.