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 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

Brunswick: We’ll make payments if you lose your job

Several Brunswick brands – Bayliner, Maxum and Trophy – have announced a promotion where they will make the monthly boat payments for buyers who lose their jobs. Under the payment protection plan, these boat lines will pay up to nine months of payments if the boat buyer loses his or her job within a year…more

Brunswick: Recovery will not come this year

At its annual meeting Wednesday, Brunswick chairman and CEO Dustan McCoy told shareholders not to expect any meaningful economic recovery this year. “Our company has faced more adversity than perhaps at any time in its long and storied history,” said McCoy, according to a report in Crain’s. “We’re not planning for 2009 to bring any…more

Brunswick program marks anniversary in Canada

The Brunswick Dealer Advantage program recently celebrated its first anniversary in Canada. Since its introduction, the number of programs available to dealers has increased from 10 to 18. New benefits include college scholarships for dealership employees’ children, group rates for employee auto and home insurance, and preferred pricing for business insurance. “Through communication with our…more

Brunswick reports 1Q results

In a conference call with analysts today, Brunswick Corp. chairman and CEO Dustan McCoy said the current slump in marine sales likely will continue through 2009, and when the recovery does come it will take longer to return to previous highs. “My judgment is we haven’t really seen the bottom yet, but we’ve got to…more

Brunswick earnings estimate lowered

Analysts at RBC Capital Markets are lowering their sales and earnings estimates for Brunswick Corp. to reflect significant downward pressure on wholesale shipments. “While retail trends appear in line with expectations, many dealers are simply unwilling/unable to replenish inventory in light of extremely depressed demand, excessive aged inventory and very tight floorplan lending standards,” said…more

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