Company Description
Brunswick Corporation (NYSE: BC) is a manufacturing company focused on the marine recreation industry. According to company and partner descriptions, Brunswick participates across multiple parts of the boating ecosystem, including marine propulsion systems, boats, marine parts and accessories, and technology-enabled boating experiences. It is associated with well-known boat brands and marine engine operations that serve recreational, commercial, and government marine applications.
Brunswick is described as a marine technology company and as the parent of Mercury Marine, which is characterized as the world’s leading manufacturer of recreational marine propulsion engines. Through Mercury Marine, Brunswick is involved in outboard, sterndrive, and inboard propulsion packages, propellers, inflatable boats, marine electronics, and marine parts and oils. These activities position Brunswick within the boat building and broader marine manufacturing sector.
The company’s marine portfolio includes boat brands such as Boston Whaler and Sea Ray, and it is associated with newer or complementary brands such as Navan and Lund that appear in Brunswick’s event and showcase announcements. Brunswick also owns Freedom Boat Club locations and Boateka, which is described as a platform that facilitates transactions in the used-boat market. These activities extend Brunswick’s role beyond manufacturing into boating access and secondary-market services.
Marine propulsion, boats, and technology
Within propulsion, Brunswick’s Mercury Marine division is described as providing engines, boats, services, and parts for recreational, commercial, and government marine applications. Its portfolio includes Mercury outboard engines, Mercury MerCruiser sterndrive and inboard packages, Mercury propellers, Mercury inflatable boats, Mercury SmartCraft electronics, Land 'N' Sea marine parts distribution, and Mercury and Quicksilver parts and oils. These offerings support a range of boat builders and end users in the marine market.
On the boat side, Brunswick is linked with premium and core brands such as Boston Whaler, Sea Ray, and Navan, which the company highlights at major boat shows. At the 2025 Fort Lauderdale International Boat Show, Brunswick reported unit sales and revenue increases across all boat brands and noted record Mercury Marine outboard share at the event. These disclosures illustrate how Brunswick’s propulsion and boat brands operate together in the marketplace.
Brunswick also emphasizes marine technology and artificial intelligence in boating. In its CES 2026 showcase, the company described itself as the world’s largest marine technology company and presented its ACES strategy, which refers to Autonomous/Assisted, Connected, Electrified, and Shared. The company highlighted the Simrad AutoCaptain autonomous boating system on multiple boats, AI-driven simulators that replicate on-water experiences, and other technology-rich platforms such as a Sea Ray SLX, a Navan C30, and a Lund Crossover XS featuring technology from Lowrance and Mercury Marine.
Experiential and access-focused businesses
Beyond manufacturing, Brunswick owns Freedom Boat Club locations and Boateka. Freedom Boat Club is referenced in company risk disclosures as a franchise business model, and Boateka is described as facilitating transactions in the used-boat market. These activities indicate that Brunswick participates in boating access models and secondary-market services in addition to selling new boats and propulsion systems.
The company also promotes immersive experiences that demonstrate its technology. At CES 2026, Brunswick described AI-powered simulators such as a helm simulator with an AI co-pilot assisting with route planning, maneuvering, docking, and situational awareness, and an eFoil simulator that allows users to experience gliding over water. These exhibits are presented as ways to make advanced marine technology more accessible to a broad audience.
Capital markets activity and debt management
Brunswick’s SEC filings and press releases show active management of its capital structure. In late 2025, the company commenced and then increased a cash tender offer for its 5.100% Senior Notes due 2052, raising the maximum aggregate principal amount subject to purchase from $50 million to $100 million. The company reported early tender results, including the aggregate principal amount of notes tendered and the use of a proration rate when tenders exceeded the tender cap. Brunswick also announced pricing details for the tender offer, including reference U.S. Treasury securities, fixed spreads, and early tender premiums, as described in its offer to purchase.
In a separate 8-K filing, Brunswick disclosed that it issued notices of full redemption for its 6.500% Senior Notes due 2048 and partial redemption for its 6.375% Senior Notes due 2049, with all 2048 notes to be redeemed and a portion of the 2049 notes to remain outstanding. These actions, along with the tender offer, illustrate how Brunswick uses redemptions and tenders to manage its long-dated debt.
Earnings reporting and shareholder returns
Brunswick regularly reports financial results through quarterly earnings releases and conference calls. The company announced second quarter and third quarter 2025 earnings via Form 8-K filings, noting that full-text earnings releases are available through its investor relations channels and that it uses both GAAP and non-GAAP financial measures, such as adjusted operating earnings, diluted earnings per common share as adjusted, and free cash flow. The company explains in its filings how these non-GAAP measures are defined and why management believes they are useful to investors.
Brunswick also discloses dividend decisions. In October 2025, the Board of Directors approved a quarterly dividend on its common stock, with payment and record dates specified in the related news release. These disclosures provide insight into how Brunswick returns capital to shareholders.
Risk factors and operating environment
In multiple news releases, Brunswick includes forward-looking statement disclaimers that reference a broad set of risks affecting its business. These include adverse general economic conditions and disposable income levels, currency exchange rate changes, fiscal and monetary policy changes, capital market conditions, competitive pricing pressures, higher energy and fuel costs, supply chain disruptions, adverse weather and climate events, and public health emergencies or pandemics.
The company also cites risks related to manufacturing operations, loss of key customers, international business, geopolitical tensions, sanctions or embargoes, supplier constraints, and transportation disruptions. Additional risks mentioned include the ability to develop new products and services at competitive prices, meet demand in a changing environment, implement strategic plans and growth initiatives, attract and retain skilled labor, integrate acquisitions, and execute restructuring or divestitures.
Brunswick further highlights risks related to distribution, dealer and customer access to financing, inventory reductions by dealers or independent boat builders, inventory repurchase requirements, cybersecurity events affecting technology systems, protection of brands and intellectual property, potential impairments of goodwill and other assets, product liability and warranty claims, legal and regulatory compliance, income tax legislation, share repurchases, and risks associated with the Freedom Boat Club franchise model and certain shareholder activist actions. The company directs readers to its Annual Report on Form 10-K and subsequent Form 10-Q filings for additional risk factors.
Listing, notes, and trading venues
Brunswick’s common stock is identified in SEC filings as trading on the New York Stock Exchange and the Chicago Stock Exchange. The company also has multiple series of senior notes that are referenced in its filings, including 6.500% Senior Notes due 2048, 6.375% Senior Notes due 2049, and 5.100% Senior Notes due 2052. A Form 25 filing dated December 1, 2025, relates to the removal from listing and/or registration of a class of 6.500% notes due 2048 from the New York Stock Exchange, indicating that the exchange has complied with its rules to strike that class of securities from listing and registration.
These filings and disclosures provide investors with information about how Brunswick’s equity and debt securities are traded and managed across different exchanges and instruments.