Brunswick Corp Stock Price, News & Analysis

Brunswick Corporation (NYSE: BC), a leader in recreational boating, is enhancing its ACES strategy by appointing John Oenick as Director of Enterprise Electrification. This role aims to bolster the company's efforts in electrification and connectivity. Oenick's background includes significant experience in hybrid engine technology from his tenure at John Deere and strong roots in the automotive sector. Additionally, Brunswick's Fathom e-Power system, launched at CES 2020, exemplifies its commitment to eco-friendly boating. With growing electrification capabilities, Brunswick aims to lead innovation in the marine industry.

Brunswick Corporation (NYSE: BC) reported strong results at the 2020 Ft. Lauderdale International Boat Show. For three years running, Mercury Marine dominated outboard engine sales, achieving over half of all engines displayed. Despite lower attendance, Boston Whaler saw increased sales for key models, while Sea Ray performed well, introducing the new 370 Sundancer for 2021. Freedom Boat Club's local franchise doubled its membership sales compared to last year. CEO Dave Foulkes highlighted the company's innovative products and safety measures during the event.

Brunswick Corporation (NYSE: BC) announced the election of Nancy Cooper as its new non-executive Board Chair, effective November 1, 2020, succeeding Manuel A. Fernandez, who is retiring after over 20 years. Cooper, the first female Chair in Brunswick's 175-year history, has served on the Board for seven years, previously chairing the Audit Committee. Reginald Fils-Aime will join the Board in January 2021, bringing the total to 10 members. Cooper emphasizes the company's strategic focus and expresses gratitude for Fernandez's leadership.

Brunswick Corporation (NYSE: BC) reported its third quarter 2020 financial results on Oct. 29, 2020. The detailed press release is accessible on the company's investor website. CEO David M. Foulkes and CFO Ryan M. Gwillim will host a conference call to discuss the results, available for online listening. Analysts and investors can participate via telephone, with details provided for both North American and international callers. A replay of the call will be available shortly after the event, along with additional information on Brunswick's comprehensive line of consumer brands.

Brunswick Corporation (NYSE: BC) has completed a second investment in Sea Machines Robotics, focusing on autonomous technology for commercial vessels. The collaboration, which began with an initial investment in 2018, aims to enhance safety and performance in the marine industry. Brunswick's President, Brenna Preisser, highlighted that this investment aligns with their ACES strategy and future capabilities in boating experiences. Sea Machines has secured significant contracts, indicating growth potential in both commercial and recreational marine automation.

Brunswick Corporation (NYSE: BC) has appointed Reginald Fils-Aimé, former President and COO of Nintendo of America, to its board of directors. This move aims to leverage his extensive experience in consumer engagement and digital technology. Fils-Aimé, who retired from Nintendo in 2019, has over 35 years of leadership experience across various sectors. His insights are anticipated to enhance Brunswick’s customer relationships and brand presence.

Mercury Marine, part of Brunswick Corporation (NYSE: BC), has expanded its partnership with Beneteau, allowing Beneteau customers to order Mercury outboards for 2021 models. This collaboration aims to enhance the performance and quality of their boat and engine packages globally, building on prior success in North America. Beneteau is optimistic about replicating this success in other regions, citing growing demand for large outboards. Customers can begin ordering immediately, with products showcased at upcoming European events.

Brunswick Corporation (NYSE: BC) has appointed Aine Denari as President of the Brunswick Boat Group, effective October 26, 2020, succeeding Huw Bower. Denari brings over 20 years of experience from the automotive industry, notably as senior vice president at ZF AG's ADAS business. She will oversee Brunswick's extensive boat portfolio, aiming to enhance innovation and customer focus. CEO Dave Foulkes highlighted Denari's leadership skills and experience in implementing technology, which is crucial for advancing the company's ACES strategy in the recreational marine sector.