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 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

Clarks Landing given Brunswick dealer honor

Brunswick Boat Group certified Clarks Landing as a Five-Star Dealer. Dealers must pass rigorous best practices, certification programs and NMMA standards to qualify. Clarks Landing has recieved the award for five consecutive years. “Our team is committed to providing the best services to boating customers on the Chesapeake Bay, and this reward exemplifies our hard…more

Brunswick awards college scholarships

Brunswick Corp. recently awarded $56,000 in college scholarships to 28 sons and daughters of dealership owners and employees in the U.S. and Canada. The Brunswick Foundation Sons and Daughters Scholarship Program recognizes recipients for their academic excellence, leadership capabilities and civic involvement during the last school year, and they are chosen by an independent committee…more

Analyst holds steady on Brunswick rating

Despite a steep drop in July boat sales across the industry, Wells Fargo Securities retained its rating of Brunswick Corp. “We believe our $2.35-$3.35 peak earnings-per-share scenarios by ’14 remains reasonable, based on year-to-date U.S. retail results and management’s commentary and outlook,” senior analyst Tim Conder wrote. “[Brunswick’s] current and planned outboard engine share gains,…more

Brunswick division honored for work-safety record

Brunswick Commercial and Government Products, a leading manufacturer of commercial and government watercraft, was recognized by its parent company, Brunswick Corp., for its safety record. In honor of the award, Brunswick is making a $10,000 donation to a local charity on behalf of BCGP employees. BCGP’s Edgewater, Fla., facility was one of three Brunswick plants…more

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