Brunswick Corp Stock Price, News & Analysis

According to a new study from Envision Greater Fond du Lac, Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has a $5.4 billion annual economic impact on the Fond du Lac community, reflecting a 10% increase over the last three years. Mercury employs over 4,200 people locally, up nearly 15% since 2020, contributing to a total job impact of more than 10,500 jobs. The company also accounted for over $333 million in retail sales, an 80% increase since 2016. Mercury has invested over $2 billion in R&D and local expansion, emphasizing its commitment to community and economic growth.

Brunswick Corporation (NYSE: BC) reported strong results from the Palm Beach International Boat Show, achieving record outboard market share and increased boat sales. Mercury Marine captured over 60% of the outboard market share, marking a two-point increase from last year, particularly excelling in outboards of 200hp and above. Sea Ray experienced a significant 35% rise in unit sales and close to 80% revenue growth compared to 2022. Boston Whaler also showed increased sales and revenue. CEO Dave Foulkes noted sustained consumer interest in boating despite economic challenges, reinforcing the company's positive outlook.

Freedom Boat Club, part of Brunswick Corporation (NYSE: BC), announced its expansion into Puerto Rico with a flagship location in Fajardo. This marks the first boat club in the territory, offering members access to a fleet of boats and 380 locations worldwide. The new club will be operated by franchise owner Mike Centeno, who aims to replicate Freedom's successful model. The establishment at Safe Harbor Puerto del Rey marina is positioned to attract boaters globally. The club is currently welcoming new members for the 2023 season and is hosting a meet-and-greet event on March 11, 2023.

Brunswick Corporation (NYSE: BC) will be presenting at the Raymond James 44th Annual Institutional Investor Conference on March 6, 2023. CEO David M. Foulkes and CFO Ryan M. Gwillim will lead the presentation at 7:30am EST at JW Marriott Grande Lakes, Orlando, Florida. Investors can access the live webcast here, and are encouraged to log in 15 minutes early to ensure proper audio software installation. Brunswick, a leader in marine recreation, boasts over 60 brands, including Mercury Marine and Boston Whaler, and has received accolades for being one of the World’s Best Employers and America’s Most Responsible Companies.

Brunswick Corporation (NYSE: BC) concluded the 2023 Miami International Boat Show, showcasing record sales from its boat brands and significant gains for Mercury Marine outboard engines. Notable achievements included Sea Ray's revenue growth, Boston Whaler's strong international sales, and Mercury Marine controlling over 55% of outboard engine sales at the event. Brunswick received a record 15 awards for innovation and marketing, emphasizing its leadership in the marine industry. The company launched several new products, including the Mercury Racing V10 400R and Sea Ray 280 SLX Outboard, and reported positive consumer engagement during the show.

The Board of Directors of Brunswick Corporation (NYSE: BC) has declared a quarterly dividend of $0.40 per share, representing a 9.6% increase. This marks the 11th consecutive year of dividend increases, showcasing the company's growth and confidence in its strategy. The dividend is scheduled for payment on March 15, 2023, to shareholders recorded by February 27, 2023. CEO Dave Foulkes stated that all divisions are contributing to strong performance, enhancing shareholder value.

Brunswick Corporation (NYSE:BC) has appointed John Buelow as Executive Vice President and President of Mercury Marine, effective immediately, following Chris Drees's departure from the company. Buelow, a Brunswick veteran with nearly 20 years of experience, previously held senior roles, including Vice President of Global Operations. He played a key role in significant enhancements at Mercury and led innovative projects during his tenure. David M. Foulkes, CEO, expressed confidence in Buelow's ability to maintain Mercury's momentum and growth while highlighting the company's commitment to succession planning.