Brunswick

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 division delivers two patrol boats

Brunswick Commercial and Government Products, a division of Brunswick Corp., recently delivered two 750 Impact rigid hull inflatable boats to the country of Jordan. The boats will be used for dive- and rescue operations at popular dive spots. The two vessels are powered by a Cummins 5.9-liter, 355-hp inboard diesel engine and propelled by Ultra…more

Analysts see Brunswick holding steady

There seemed to be a “muted reaction” to Brunswick’s earnings report attributable to “rising expectations into the quarter and subdued industry retail commentary,” analyst Edward Aaron, of RBC Capital Markets, wrote after Thursday’s announcement.  ”We see good risk/reward here, but we acknowledge that industry retail sales likely need to turn positive for the stock to…more

Brunswick reports 1Q results

Brunswick Corp. today reported first-quarter increases in net sales in its boat and engine segments, but an operating loss in the boat segment. Overall, the company reported net sales of $985.9 million for the quarter that ended April 2, up 17 percent from the same period last year, when sales of $844.4 million were reported.…more

Brunswick honors its top facilities

Three Brunswick facilities have received the Chairman’s Safety Award, the company’s highest honor, and 21 additional facilities were recognized with Distinguished Awards for their 2010 safety performance. The Chairman’s Safety Award is selected and presented by Brunswick senior management to the most outstanding performers. Three facilities have won this award: Edgewater, Fla., Brunswick Commercial and…more

Brunswick schedules 1Q results

Brunswick Corp. will release its first-quarter financial results April 28 before the market opens. The company will hold a conference call at 11 a.m. (EDT) that day, hosted by chairman and CEO Dustan McCoy; senior vice president and CFO Peter Hamilton; and vice president of corporate and investor relations Bruce Byots. The call will be…more

Brunswick sees large growth in China in 2011

Brunswick is forecasting sales growth of 25 percent in China this year, as boating becomes more popular in a nation that’s growing wealthier, CEO Dustan McCoy said. “We believe the long-term potential in the marine business is larger than anywhere else in the world,” McCoy said in an interview with Bloomberg. “There is so much…more

Analysts rate Brunswick stock highly

Equities research analysts at Zacks Investment Research upgraded shares of Brunswick Corp. from a “neutral” rating to an “outperform” rating in a research note to investors this week. Separately, analysts at Wedbush initiated coverage on shares of Brunswick in a research note to investors on March 25. They set an “outperform” rating and a $29…more

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Dustan McCoy: ‘The worst is over’

CEO says Brunswick is poised to outpace the recovery he believes is at hand “Oh, hey,” a New England Boat Show visitor called out when she saw the dealer who had sold her a Boston Whaler two years ago. “I love the boat you talked me into.” Brunswick Corp. CEO Dustan McCoy was walking with…more

Brunswick agrees to new credit availability

Brunswick Corp. announced today that it has entered into a new $300 million revolving credit facility. This facility replaces the company’s existing $400 million revolving credit facility and $100 million Mercury Marine receivables facility. No loan borrowings were outstanding under either of these facilities. “The company believes the new facility provides adequate levels of credit…more

Brunswick bomb-threat suspect charged

A man was arrested and charged in connection with the March 8 bomb threat at Brunswick’s Lund-Crestliner boat factory in New York Mills, Minn. Chad Steven Pikula, 37, of New York Mills, was arrested last Thursday and charged with two felony counts of making terroristic threats, the Fergus Falls Journal newspaper reported. The factory shut…more

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