Brunswick Corp. said today that Mark Schwabero was elected to the newly created post of president and chief operating officer and Brunswick Boat Group president Andy Graves will be leaving the company.
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 Corp. CEO Dustan E. McCoy and CFO Bill Metzger had one word for analysts and investors listening in to first-quarter earnings calls Thursday — weather.
Net sales dropped 3 percent in the first quarter at Brunswick Corp., from $995.3 million in 2013 to $969.2 million this year.
Despite being off on estimates that Brunswick’s boat business would begin earning money in 2013, the company projects that the segment will go from losing money to being in the black in 2014, with CEO Dustan E. McCoy predicting operating margins between 4 and 6 percent this year.
Brunswick Corp. CEO Dustan E. McCoy is projecting that the company’s boat business will become profitable for the first time in two years and he responded to a question he often gets: “Why is Brunswick in the boat business?”
Taylor Made Systems was designated the Brunswick Boat Group’s preferred supplier for glazed system products — windshields, doors, roof systems, hatches and hull windows.
Brunswick Corp.’s dealer services team, Brunswick Dealer Advantage, is going nationwide with its education program promoting boater education at Brunswick marine dealerships in partnership with the United States Power Squadrons.
Brunswick Corp. anticipates flat revenue growth for the first quarter of 2014, but says that will be inconsistent with subsequent quarters as the boat group continues to curtail the production and sales of existing large fiberglass boat models and transitions to the production of several new models of large fiberglass boats.
Brunswick Corp. reported a 9 percent increase in net sales for the fourth quarter of 2013 and a 5 percent rise in overall annual sales versus 2012, which was at the high end of the company’s growth estimates for the year.
Brunswick Corp., the parent company of Fond du Lac, Wis.-based Mercury Marine, gave an $80,000 donation from the Brunswick Public Foundation to support the 2013 Fond du Lac Area United Way Community Fundraising Campaign. “We are grateful to the Brunswick Foundation for the positive impact its support has on the campaign and our community each…more