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 announces personnel changes

The Brunswick Boat Group announced leadership changes at two of its brands – Boston Whaler and Crestliner. Ben Cast will become president of Crestliner Boats and Jeff Vaughn will succeed Cast as vice president of sales, marketing and customer service at Boston Whaler. The changes take effect Nov. 1. Cast, who has been with Brunswick…more

Brunswick reports 3Q results

Brunswick Corp. today reported a 22 percent gain in third-quarter net sales, including a 77 percent increase in boat sales and an 18 percent increase in marine engine segment sales. “Although we are very encouraged with year-to-date financial results – driven primarily by return from more normal balance between wholesale sales, retail sales and production…more

Brunswick marketing effort targets Canada

Brunswick Boat Group announced a focused marketing program for 2011 aimed at increasing brand awareness and boat sales leads for its dealers in Canada. The effort will combine existing media, Internet tools and an upcoming webinar for dealers. “We at Brunswick know our dealers are the key to our success. We also know your success…more

Brunswick offers boater education courses

Brunswick Corp. is partnering with the United States Power Squadrons to conduct boater education through participating Brunswick boat brand dealerships across the United States. “As industry leaders, we seized this opportunity to positively impact boating enjoyment,” Brunswick Boat Group president Andy Graves said in a statement. “By giving our customers easy access to education by…more

Brunswick set to issue 3Q earnings report

Brunswick Corp. will release its third-quarter financial results Oct. 28 before the market opens. The company will hold a conference call at 10 a.m. (CDT) that day, hosted by Dustan McCoy, chairman and chief executive officer; Peter Hamilton, senior vice president and chief financial officer; and Bruce Byots, vice president, corporate and investor relations. The…more

Analyst: Brunswick recovery will be slower

Shares of Brunswick Corp. fell Wednesday after an analyst cut his rating on the boatbuilder, saying the pace of the company’s recovery will be slower than expected. Standard & Poor’s analyst Erik Kolb downgraded Brunswick stock to “hold” from “buy” in a note to investors, Bloomberg Business Week reports. “We believe the pace of Brunswick’s…more

Brunswick sells former Bayliner plant

Wade Rentals purchased the former Bayliner boatbuilding plant in western Maryland for $1.3 million. The firm, which rents industrial equipment, bought the estimated 144,000-square-foot building, which sits on a 25-acre lot, according to Henry Hanna, of Sperry Van Ness-Miller Commercial Real Estate. The property had been vacant since 2008. There had been reports that Brunswick…more

Brunswick CEO to address Wells Fargo conference

Brunswick Corp. chairman and chief executive Dustan E. McCoy will address the 2010 Wells Fargo Securities Consumer Conference Wednesday in New York. McCoy’s presentation will be webcast live, beginning at about noon (EST). The webcast can be accessed through Brunswick’s website. Those who wish to access the presentation are asked to go to the website…more

Brunswick announces job cuts at Florida plant

Employees at Sea Ray’s Palm Coast, Fla., manufacturing plant were told today that slightly more than 100 people, mostly temporary employees, will be laid off, Brunswick spokesman Dan Kubera confirmed to Soundings Trade Only. Of the people losing their jobs, 75 are temporary employees, he said. Palm Coast’s total employment, including temporary workers, was approximately…more

Analyst: Brunswick furloughs are ‘prudent’

Brunswick’s decision to extend the furlough at two Sea Ray plants in Tennessee is “prudent” and “consistent with our prior comments that new fiberglass retail boat sales, in general (mid/larger boats, in particular), remain weak,” according to Wells Fargo Securities senior analyst Timothy Conder. Typically, production furloughs are taken near Thanksgiving and again at the…more

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