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 discontinues Maxum line

As part of its ongoing cost-cutting initiatives, Brunswick Corp. says it is discontinuing its Maxum boat line, which it established in 1988. “This decision emerged from our continuing efforts to review every aspect of our operations, including our brand portfolio, in an effort to position Brunswick to emerge from this downturn a stronger company,” company…more

Brunswick makes $250 million private offering

Brunswick Corp. today announced its intent to offer $250 million aggregate principal amount of senior secured notes due 2016 in a private offering to qualified institutional buyers. The new notes will be secured by first-priority liens on Brunswick’s headquarters and owned domestic retail bowling centers and by second-priority liens on substantially all of the assets…more

Constellation Software buys IDS from Brunswick

Canadian-based Constellation Software, through its wholly-owned subsidiary Constellation Homebuilders Systems, acquired the shares of Integrated Dealer Systems from Brunswick Corp. “Brunswick’s IDS software division is the proven market leader of software to the RV and marine dealership verticals in North America,” said Dexter Salna, president of CHS, in a statement. “IDS will join Constellation Automotive…more

Brunswick brands will be featured at Mexican tournament

The Brunswick Latin America Group and its participating dealers will showcase boats from eight Brunswick brands as well as Mercury Marine engines Aug. 13-16 during the third annual Marlin & Tuna Fishing Tournament at Mexico’s Marina Riviera Nayarit. Dealers participating in the event include Performance Boats, Powerboats and Zaragoza Marine. Along with Mercury engines, dealers…more

Brunswick awards scholarships to dealers’ children

Brunswick Corp. and the Brunswick Foundation recently awarded 26 sons and daughters of dealership owners and employees in the U.S. and Canada a total of $52,000 in college scholarships. The awards, under the Brunswick Corporation Dealer Sons and Daughters Scholarship Program, recognize academic excellence, leadership capabilities and civic involvement during the last school year. Recipients…more

Analyst: Brunswick is positioned well for the future

Brunswick’s actions should position the company to be the low-cost producer with a strong brand portfolio that will drive material share gains within the context of a much smaller U.S. boat market, according to analyst Tim Conder with Wells Fargo Securities. The comments come on the heels of Brunswick’s second quarter results, which were released…more

Brunswick reports 2Q results

Brunswick Corp. today reported total sales of $718.3 million for the second quarter of 2009, down 52 percent versus 2008, primarily the result of marine sales that dropped by 56 percent from year-ago levels. The company reported a net loss of $163.7 million, or $1.85 per diluted share, which includes 40 cents per diluted share…more

Analyst raises Brunswick shares from hold to buy

Rochdale Research raised its rating on Brunswick Corp. shares from hold to buy. “Investors with a longer-term horizon should consider initiating positions at the current price. Our 18-month price objective is $8, or 20 times our 2011 estimate of 40 cents per share,” analyst Hayley Wolff wrote in a report. “In prior troughs, Brunswick has…more

Brunswick to release 2Q results

Brunswick Corp. will release its second quarter 2009 financial results July 30 before the market opens. The company will hold a conference call at 11 a.m. EDT that same day, hosted by Dustan E. McCoy, chairman and CEO; Peter B. Hamilton, senior vice president and chief financial officer; and Bruce J. Byots, vice president –…more

Brunswick wins lawsuit filed by Lund employees

A Seventh Judicial District Court judge recently ruled in favor of Brunswick Corp. and New York Mills-based Lund Boats in a class-action suit brought against the company by employees who say they were deprived of vacation pay. The suit was brought by 19 employees, representing more than 200 former and current workers, who claimed they…more

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