Brunswick Corp. had revenue of $1.09 billion in the third quarter, missing expectations by about $20 million, due in part to integrating an acquisition on the fitness side of the business, and also due in part to slower international sales of engines.
Brunswick Corp.’s boat group consists of 15 brands worldwide, including Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris FloteBote, Lowe, Lund, Meridian, Princecraft and Sea Ray. The group’s additional four brands — Rayglass, Uttern, Valiant and Quicksilver — are marketed in countries other than the United States.
Brunswick Corp. reported net sales increased 10 percent in the third quarter versus the third quarter of 2015, operating earnings rose 6 percent.
The board of directors of Brunswick Corp. declared a quarterly dividend on its common stock of 16.5 cents a share, which reflects a 10 percent increase from the previous level of 15 cents a share.
Brunswick Corp.’s Lund and Crestliner Boats plant surpassed 2 million hours of manufacturing without a lost-time accident at the New York Mills, Minn., facility.
Brunswick Corp. said five additional employees were accepted into — or promoted within — the company’s Technical Career Path curriculum.
The Brunswick Public Foundation said five organizations have received a total of $227,000 in charitable grants from the foundation for 2016.
Whale, a division of Mercury Marine, has received the Brunswick Corp. Chairman’s Safety Award for excellence in safety and employee engagement.
Brunswick Corp. named Phillip Haan as vice president of investor relations.
Weakness seen in other in leisure vehicle industries has not affected the marine industry, according to Brunswick CEO Mark Schwabero.
Brunswick Corp. today reported a second-quarter net sales increase of 9 percent, reflecting growth in fitness and fiberglass outboard and aluminum boats, as well as solid performance in outboard engines and marine parts and accessories.