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.

In Miami, Brunswick maps path to its future

The worst is over for the recreational marine industry and Brunswick Corp. That was the message delivered to a group of financial analysts during a meeting held today in Miami and broadcast over the Internet prior to the opening of the Miami International Boat Show. Brunswick chairman and CEO Dusty McCoy said the Lake Forest,…more

Brunswick commercial/government site unveiled

Brunswick Commercial and Government Products, a manufacturer of commercial and government fiberglass vessels, launched a newly designed Web site aimed at helping law enforcement, military, fire/rescue and workboat customers configure boats to their specific needs. “We wanted to give our customers access to the tools they need to develop exactly the right product for their…more

Brunswick sets webcast presentation for Wednesday

Brunswick Corp. chairman and CEO Dustan McCoy, along with Brunswick Boat Group president Andrew Graves and Mercury Marine president Mark Schwabero, will present at an event for the financial community prior to the opening of the upcoming Miami International Boat Show. The presentations will be webcast live beginning at approximately 11 a.m. (EST) Wednesday. The…more

Brunswick closing Little Falls, Minn., plant

Brunswick Corp. today announced it will consolidate a portion of its aluminum-boat production as part of its ongoing efforts to be more agile and responsive to market demand. During the next several months, Brunswick will transfer production of its Crestliner and Triton aluminum brands, now built in Little Falls, Minn., to three other manufacturing plants.…more

Brunswick promotion offers dealers more access

Brunswick Corp. is expanding its Dealer Advantage program and making gold and platinum-level business services available to all Brunswick marine dealers for the first time. Previously, these levels of the program were only open to dealers with a large share of sales in Brunswick marine products. Now they are open to all dealers. The Open…more

Brunswick to release 4Q earnings Jan. 28

Brunswick Corp. will release its 2009 fourth quarter financial results Jan. 28 before the market opens. A conference call is set for 10 a.m. CST that day, hosted by chairman and CEO Dustan McCoy, senior vice president and CFO Peter Hamilton and Bruce Byots, vice president of corporate and investor relations. The call will be…more

Analyst sees a more stable Brunswick in 2010

An analyst covering Brunswick Corp. says he is raising his “fair value estimate” for the company. “We are raising our fair value estimate for Brunswick and lowering our fair value uncertainty rating in light of the stabilization of the firm’s liquidity position,” wrote Philip Gorham, a stock analyst for Morningstar. “However, we think that Brunswick…more

Brunswick recalls employees in Florida

Previously laid-off employees at Brunswick’s Palm Coast, Fla., production facility were recalled recently as the company prepares to ramp up production of Meridian Yachts. The Palm Coast facility currently employs 265 people building Meridian Yachts from 40 to 47 feet, and Sea Ray sportyachts from 39 to 50 feet. Employment dropped by more than 40…more

Brunswick reduces outstanding notes

Brunswick Corp. recently completed an open-market purchase of approximately $85 million of its outstanding 11.75 percent notes due 2013. Brunswick purchased these notes for about $97 million, excluding accrued interest. This action is in line with the company’s objective of reducing its near-term debt maturities to enhance its financial flexibility. Combined with the purchase of…more

S&P revises Brunswick’s rating

Standard & Poor’s Ratings Services revised its rating outlook on Brunswick Corp. from negative to stable. Ratings on the company, including the B- corporate credit rating, were affirmed. “The outlook revision is based on our expectation that Brunswick’s liquidity will be sufficient to carry it at least through 2010,” Standard & Poor’s credit analyst Andy…more

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