GE Capital Solutions of Hoffman Estates, Ill., and Brunswick Corp. of Lake Forest, Ill., are expanding their inventory finance program into Latin America. “For more than a decade, GE Capital Solutions has provided inventory financing solutions in Latin America in industries including electronics, technology and appliances,” said Thomas Grathwohl, managing director for GE Commercial Distribution…more
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 issued a statement Tuesday saying Standard & Poor’s Ratings Service’s decision to lower the company’s long-term corporate credit rating to “BB+” from “BBB-“ will not have “any significant effect.” “Both our strong balance sheet and ability to generate cash provide us with substantial liquidity and serve us well in economic circumstances such as those…more
Brunswick will hold a conference call at 11 a.m. EDT July 24 to discuss its second-quarter financial results, which will be released before the market opens. Meanwhile, analysts from Wachovia Capital Markets reduced their earnings estimates for Brunswick for 2008 and 2009. Wachovia now expects Brunswick to report a loss of 73 cents a share…more
Some investment analysts are praising Brunswick Corp.’s recent announcement to drastically cut back production over the next year and a half. “This plan should enable the company to be profitable, even in a very difficult environment,” said Ed Aaron, director of equity research for RBC Capital Markets, in a report following Brunswick’s announcement Thursday that…more
Brunswick Corp. and GE Capital Solutions have extended their joint venture, Brunswick Acceptance Company, for five years. The joint venture was formed in 2002, and began operations in 2003 with the goal of providing a stable, long-term source of wholesale floorplan financing for Brunswick boat dealers. “BAC’s goal remains the same,” said Scott Danahey, BAC…more