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Brunswick Corporation (NYSE: BC) announced its acquisition of the Freedom Boat Club of Chicago franchise, encompassing four locations in Illinois and rights to develop new sites in Northern Illinois and Northwest Indiana. Membership at Illinois locations has grown by approximately 30% annually since 2014. This acquisition positions Freedom Boat Club as a significant player in the Chicago boating market, aiming to expand its footprint in the Upper Midwest. This marks Freedom's second acquisition in the past year, following Charleston, South Carolina.
Brunswick Corporation (NYSE: BC) has promoted Jason Arbuckle to Marine Autonomy Technology Lead, aiming to enhance its ACES strategy (Autonomy, Connectivity, Electrification & Shared Access) for improving boater experiences. Arbuckle, with a strong background in marine technology and extensive patent contributions, will spearhead automated solutions for the recreational marine industry. CEO Dave Foulkes emphasized the importance of automation in driving innovation in marine products. This leadership change aligns with Brunswick's focus on strengthening its technological capabilities in the sector.
Brunswick Corporation (NYSE: BC) will present at the Raymond James 42nd Annual Institutional Investor Conference on March 2, 2021, at approximately 9:10 am (EST). The presentation will be held virtually and can be accessed via the Brunswick website. Interested participants should log in 15 minutes early to prepare necessary software. The company is known for its leading consumer brands, including Mercury Marine and various boat brands and products.
Sea Ray celebrates the 45th anniversary of its Sundancer Series with the launch of the Sundancer 370 Outboard, a blend of elegance and performance. Designed to set new luxury standards in sport cruisers, it features a modernized design with enhanced space and functionality. Key elements include a U-shaped cockpit, chic interiors, and advanced technologies like Mercury Verado 300 engines. The boat is now available for order in North America. Sea Ray aims to elevate the boating experience through innovative designs and superior quality.
Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.27 per share, payable on March 15, 2021, to shareholders of record on February 23, 2021. This announcement underscores Brunswick's commitment to returning value to its shareholders while supporting its diverse portfolio of leading consumer brands in the marine industry, including Mercury Marine and Sea Ray.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), unveiled the new 7.6-liter V12 600hp Verado outboard engine, marking a significant innovation in the high-horsepower segment. This engine features several industry-first technologies, including a two-speed automatic transmission, a steerable gearcase, and exceptional fuel economy. With more than $1.5 billion invested in R&D since 2008, Mercury aims to meet evolving boater needs. The V12 Verado is set to launch this spring, offering boaters unmatched power and efficiency.
Brunswick Corporation (NYSE: BC) reported its fourth quarter and full year 2020 financial results on January 28, 2021. The detailed results can be found on the company’s investor website. A conference call is scheduled for today at 10 a.m. CST, hosted by CEO David M. Foulkes and CFO Ryan M. Gwillim. Investors can access the call via telephone or through the internet. A replay will be available until February 3, 2021. Brunswick, based in Mettawa, Illinois, is known for brands like Mercury Marine and Sea Ray. For further details, visit www.brunswick.com/investors.
Brunswick Corporation (NYSE: BC) is increasing boat manufacturing capacity at three facilities to meet rising consumer demand. The Palm Coast, Florida plant will reopen, boosting Boston Whaler production by 40%. In Mexico, Reynosa's capacity will rise by 58%, adding 260 jobs, while Vila Nova Cerveira in Portugal will double its output over three years. Since 2014, Brunswick has invested over $60M and expanded Boston Whaler production by 75%. The CEO emphasized the need for increased capacity amid low inventory levels, revealing plans for immediate production growth.
Brunswick Corporation (NYSE: BC) has launched BoatClass, a comprehensive on-water training program aimed at enhancing boating safety and skill. The program offers two 3-hour courses, led by a Certified US Coast Guard Captain, covering essential techniques like docking and speed adjustments. Initially available at Marker 24 Marina in Merritt Island, Florida, the program aims to provide both novice and experienced boaters with crucial safety education. Brunswick emphasizes its commitment to safety as a fundamental aspect of boating, catering to the increasing number of new boaters in the industry.
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