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.

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

Appeals court favors Brunswick in vacation ruling

The Minnesota Court of Appeals this week ruled that plaintiffs in a class-action lawsuit against Lund Boat Co. were not damaged in any way by a change in vacation policy after the company was sold by Genmar to Brunswick in 2004. The suit was brought by 19 employees, representing more than 200 former and current…more

Brunswick chairman to attend economic conference

Brunswick Corporation announced that chairman and CEO Dustan E. McCoy will attend the RBC Capital Markets 2010 Consumer and Retail Conference Thursday in New York City. Presentation materials used during the conference will be posted that day on the Brunswick Corporation Web site. RBC Capital Markets is the Royal Bank of Canada’s worldwide investment and…more

S&P revises outlook on Brunswick

Standard & Poor’s Ratings Services revised its outlook on Brunswick Corp. to positive from stable. Ratings on the company, including the “B-” corporate credit rating, were affirmed. “The outlook revision is based on our expectation that Brunswick will be able to grow its sales in 2010 and 2011 as it replenishes depleted dealer inventory,” Standard…more

Brunswick hands out scholarships

Brunswick Corp. awarded 80 scholarships to sons and daughters of its employees. Each will receive a single-year award of $2,500. The winners span across 30 Brunswick locations worldwide and represent the company’s corporate staff, as well as all Brunswick business units. “The Brunswick Foundation has an abiding belief in the value of education, as well…more

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

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