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.

Analysts bullish on Brunswick’s future

Analysts covering Brunswick Corp. say the company’s first quarter results, released Thursday, were above expectations. Brunswick reported a 15 percent increase in net sales for the first quarter, which includes a rise in sales in both the boat and engine segments. The boat segment reported net sales of $243.6 million for the first quarter, an…more

Brunswick reports 1Q results

Brunswick Corp. today reported a 15 percent increase in net sales for the first quarter, which includes a rise in sales in both the boat and engine segments. For the first quarter of 2010, the company reported net sales of $844.4 million, up from $734.7 million a year earlier. For the quarter, the company reported…more

Analyst sees encouraging signs for Brunswick

RBC Capital Markets delivered an upbeat report for Brunswick Corp. earlier today, several days ahead of when the company is to report first quarter earnings. At the same time, RBC notes the overall industry continues to face significant challenges. “With production increasing for the first time in several years, we expect that Brunswick’s [profit and…more

Brunswick hands out safety awards

Brunswick Corporation recently announced the winners of its safety award program for 2009. Three facilities received the Chairman’s Safety Award, the highest achievement, along with a $10,000 grant from the company that will be donated to a local charity chosen by the plant. The facilities are Brunswick Commercial and Government Products in Edgewater, Fla.; Mercury…more

Brunswick again delays model-year introduction

Building on advantages Brunswick Corp. said it reaped last year by moving its model-year introduction back to September, the company announced it will do so again this year, according to a letter to dealers released Tuesday by Andy Graves, president of the Brunswick Boat Group. In last year’s announcement, Brunswick said it made the changes…more

Retail sales news buoys Brunswick stock

Signs of a potential retail recovery sent shares of Brunswick Corp. up 8 percent Wednesday to close at $17.78 per share. “There is a general sense of optimism that the marine industry is turning,” Hayley Wolff, senior analyst with Rochdale Research, told the Web site Chicago Breaking Business. The stock market reacted favorably to a…more

Financial adviser urges caution on Brunswick

Wells Fargo Securities says investors could be “disappointed” with Brunswick Corp.’s first-quarter 2010 results and advises exercising “caution near-term in initiating/building positions in [Brunswick] shares.” “We believe near-term caution is warranted ahead of Q110 results as we believe the shares’ recent move and Street Q110 expectations present a high probability of a near-term pullback,” analyst…more

Jury finds Brunswick partially liable in prop accident

A federal jury Monday found Brunswick Corp. partially liable for a 2005 accident on Lake Austin, Texas, in which a teen’s leg was severed by a propeller. Jurors ordered the company to pay $3.8 million in medical expenses and damages, according to an article in the American-Statesman newspaper. After deliberating for about seven hours, jurors…more

Analyst downgrades Brunswick stock

Shares of Brunswick Corp. tumbled last week after an analyst downgraded shares of the boatbuilder, saying the company still has earnings potential, but it faces soft retail sales in the first quarter. Raymond James analyst Joseph D. Hovorka cut his rating on the company to “Market Perform” from “Outperform,” according to a report in Bloomberg…more

Brunswick schedules shareholder meeting

Brunswick will hold its annual shareholders meeting at 9 a.m. May 5 at its corporate offices in Lake Forest, Ill. Items on the agenda include the election of directors, the ratification of the audit committee’s selection of Ernst & Young as Brunswick’s independent registered public accounting firm, and any other business that comes before the…more

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