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 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

Brunswick extends payment plan to Canada

Brunswick Corp. is expanding its payment protection promotion to its customers in Canada. Canadian boat buyers who purchase one of 12 Brunswick brands can have their monthly payments made for them if they lose their jobs because of the current economic conditions. The brands in the program include Bayliner, Maxum, Triton, Trophy, Cypress Cay, Palmetto…more

Brunswick letter seeks to boost dealers

Brunswick Corp. is focused on maintaining strong liquidity, taking actions to maintain dealer health and working to position itself to come out of the downturn as a strong company, according to a letter sent to Brunswick dealers last week by company chairman and CEO Dustan McCoy. The letter, dated June 3, was sent “in light…more

Brunswick replaces accounts-receivable sales program

Brunswick Corp. and GE Commercial Distribution Finance Corp. have entered into an asset-based loan facility, secured by the domestic accounts receivable of Mercury Marine, a division of Brunswick. The asset-based loan facility replaces Brunswick’s existing accounts receivable sales program, pursuant to which Brunswick had sold the domestic Mercury Marine receivables to Brunswick Acceptance Co. Brunswick…more

Brunswick Foundation hands out scholarships

The Brunswick Foundation awarded 100 scholarships to children of Brunswick Corp. employees. Each will receive a single-year, $2,500 scholarship. The winners come from 42 Brunswick locations worldwide and represent all Brunswick business units. The Brunswick Foundation, now in its 52nd year, has awarded more than $9 million in scholarships since its inception. Award recipients of…more

Brunswick extends payment protection program

Brunswick is expanding its consumer payment protection program to include nine more of its boat lines, bringing to 12 the number of lines involved in the campaign. The program, first announced last month, makes monthly boat payments for up to nine months for buyers who lose their jobs. Consumers must take delivery of their boats…more

Sea Ray plant to close for three months

Brunswick Corp. will close its Sea Ray Boats plant in Knoxville, Tenn., for three months because of continuing weak demand in boat sales. Sea Ray informed employees Thursday that the plant will observe a production furlough from July 6 through Oct. 1, with production scheduled to resume Oct. 5, according to Brunswick spokesman Dan Kubera.…more

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