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 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

Analysts detail why they’re bullish on Brunswick

Following a meeting between Brunswick officials and RBC Capital Markets, analysts said discussions with the boatbuilder support its “positive view of [Brunswick] shares.” “While still too early to call this year’s selling season, the cycle is on the cusp of turning and Brunswick’s competitive advantages (e.g., low-cost production, better distribution, superior product development capabilities) should…more

Brunswick executives to meet with financial community

Brunswick Corp. chairman and CEO Dustan McCoy, along with senior vice president and CFO Peter Hamilton, will present at several events for the financial community in early March. The presentations are as follows: Hamilton will present at 11 a.m. (EST) Tuesday at the J.P. Morgan Global High Yield and Leveraged Finance Conference at the Loews…more

Analyst: Brunswick brands sell well in Miami

RBC Capital Markets analyst Edward Aaron reported that Brunswick’s brands appeared to perform well at the Miami International Boat Show, which concluded Monday. “We believe Brunswick products were collectively tracking toward about a 20 percent increase in overall unit sales at the show,” he wrote in a report released this morning. “Dollar growth was likely…more

Brunswick lines to use Interlux bottom paint

Interlux announced a partnership with Brunswick Boat Group in which Fiberglass Bottomkote Aqua was selected as the premier product in all Sea Ray, Meridian and Bayliner production. “The paint system we have developed for Brunswick will result in significant manufacturing process efficiencies and deliver the added value of a high-performance antifouling finish to buyers of…more

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