Brunswick Corp Stock Price, News & Analysis

Brunswick Corporation's CEO, Dave Foulkes, has been named the 2020 Mover and Shaker of the Year by Boating Industry Magazine. This award acknowledges significant contributions to the marine industry's advancement. Under Foulkes' leadership since January 2019, Brunswick has focused on innovation, sustainability, and diversity, launching 50 new products even amid the pandemic. The company has received multiple awards for its commitment to women and sustainability, positioning itself for profitable growth as new demographics enter boating.

Mercury Marine, a division of Brunswick Corporation (NYSE: BC), is launching Mercury outboard engines on nine Sportsman boat models starting November 1. This move is in response to increased demand for high-horsepower outboards in key saltwater markets. Mercury has partnered with 100 new dealers and 40 new OEMs in the past year, enhancing its presence at major boat shows. Both companies are increasing production to meet rising demand, with Mercury planning to hire hundreds across its manufacturing and distribution sites.

Brunswick Corporation (NYSE: BC) announced the resumption of its share repurchase program, which had been previously suspended due to the COVID-19 pandemic. Before the pause, the company had completed about one-third of its $100 million target for the year, adding to the $400 million repurchased in 2019. The announcement follows the repayment of an $85 million revolving credit line, enhancing Brunswick's liquidity. CFO Ryan Gwillim highlighted strong cash flow in the marine market and the share buyback as an opportunity to increase shareholder value.

Brunswick Corporation (NYSE: BC) has announced its Q2 2020 financial results, available on their website and SEC’s Form 8-K filing. A conference call detailing these results will occur today at 10 a.m. CDT, featuring CEO David M. Foulkes and CFO Ryan M. Gwillim. Participants can join via phone or listen online, with replay access available until August 5, 2020. Brunswick's diverse portfolio includes brands such as Mercury Marine and various boat manufacturers, reinforcing its position in the marine sector.

The Board of Directors of Brunswick Corporation (NYSE: BC) declared a quarterly dividend of $0.24 per share, payable on September 11, 2020, to shareholders of record by August 25, 2020. CEO Dave Foulkes emphasized the company’s commitment to sustaining dividends despite challenges posed by the COVID-19 pandemic, highlighting a strong liquidity position and demand for marine products. This declaration indicates Brunswick's dedication to returning capital to its shareholders while navigating uncertain market conditions.

Brunswick Corporation (NYSE: BC) will announce its second quarter 2020 financial results on July 30, 2020, before market opening. The complete results will be accessible on the company's website and the SEC's site via a Form 8-K filing. A conference call will take place at 10 a.m. CDT, hosted by CEO David M. Foulkes and CFO Ryan M. Gwillim. Participants can join the call via telephone or online. A replay will be available until August 5, 2020. Brunswick's leading brands include Mercury Marine, Bayliner, and Sea Ray.

Brunswick Corporation executives Brenna Preisser and Michelle Dauchy have been honored in Boating Industry Magazine's Women Making Waves list, recognizing their contributions to the marine industry and promoting diversity. Preisser highlighted the need for women leaders to shape the future of the industry, while Dauchy praised Brunswick’s inclusive culture and the establishment of a Women’s Leadership Coalition. Brunswick has been acknowledged for its commitment to diversity, being named to Forbes Best Employers for Diversity and receiving multiple awards for women's achievements in manufacturing.

Brunswick Corporation (NYSE: BC) plans to repay $200 million from its revolving credit facility on June 26, 2020, following an initial drawdown of $385 million to bolster liquidity during COVID-19 uncertainties. CFO Ryan Gwillim stated that the decision reflects confidence in the marine market and aims to balance risks with potential post-lockdown demand across its boat, engine, and parts & accessories sectors. Despite ongoing economic uncertainties, Brunswick remains optimistic about its financial stability and future performance.