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: Brunswick beat 2Q forecasts

Industry analysts say Brunswick’s earnings report last week was better than expected, with the company reporting its first quarterly net profit since the first quarter of 2008. Brunswick last week reported a 41 percent gain in total net sales for the second quarter of 2010, with both the boat and engine segments reporting large increases.…more

Brunswick lays off workers in Tennessee

Brunswick Corp. shut down two boat assembly lines in Ashland City, Tenn., laying off 135 workers. The moves are related to Brunswick’s announcement last week that it was selling Triton Boats to Fishing Holdings, an affiliate of Platinum Equity, Brunswick spokesman Dan Kubera confirmed to Soundings Trade Only. The production of Triton fiberglass boats will…more

Triton founder to remain at the helm

Triton founder Earl Bentz will join Fishing Holdings and resume his role at the helm of Triton Boats, the company announced. Additionally, several key members of Triton’s executive management and sales representative group will remain aboard the Triton team and will continue to lead the brand from the Tennessee office. It was announced Thursday that…more

Brunswick sells Triton Boats

Brunswick Corp. said today that it sold Triton Boats to Fishing Holdings, an affiliate of Platinum Equity. Terms of the transaction were not disclosed. “This decision was part of our ongoing strategic review to further refine our product portfolio and best focus our resources on those brands and marine segments that we believe are core…more

Brunswick reports 2Q results

Brunswick Corp. today reported a 41 percent gain in total net sales for the second quarter of 2010, with both the boat and engine segments reporting large increases. The company reported total net sales of $1.01 billion, up from $718.3 million in the same period last year. Net earnings of $13.7 million, or 15 cents…more

Brunswick moving Cabo production to Hatteras facility

Brunswick Corp., announced Tuesday it will consolidate production of its Hatteras and Cabo brands at the Hatteras facility in New Bern, N.C., and close the California plant where Cabo yachts are produced. The Adelanto, Calif., plant will be closed by the end of the year as production is phased down and moved to New Bern,…more

Analyst: Brunswick report will predict steeper industry sales decline

Wells Fargo Securities analyst Timothy Conder is predicting Brunswick will say it expects industry retail boat sales to be down 15 to 20 percent this year, as opposed to the 10 percent it had previously predicted, when it releases second quarter earnings July 29. “Expectations of a return to profitability in ’11 will be reaffirmed,…more

Brunswick to issue 2Q report July 29

Brunswick Corp. will release its second-quarter financial results July 29 before the market opens. The Lake Forest, Ill.-based 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…more

Analyst revises outlook on 2010 Brunswick shipments

Wells Fargo Securities is now estimating retail boat sales for 2010 will be down 15 to 20 percent for the year, resulting in Brunswick’s wholesale shipments for the year coming in at 23,000 to 25,000 units versus prior estimates of 25,000 to 27,000 units. Brunswick’s domestic 2010 retail sales will likely approximate or slightly exceed…more

Brunswick stock drops on weak May sales

Shares of Brunswick Corp. stock fell Tuesday on worries that boat sales this year may be weaker than previously expected. Raymond James analyst Joseph Hovorka said his firm’s survey of Florida, Texas and North Carolina, which represent about 23 percent of the U.S. retail boat market, showed retail boat sales fell 26 percent in May,…more

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