Brunswick Corp. plans to “drive very aggressively to reduce costs” to lower consumers’ investment in boating between 2014 and 2016, in part by extending its brand offering to outboard deckboats. “Boaters continue to be challenged by the cost, time and effort of boating,” compared with other leisure activities, Brunswick Boat Group president Andy Graves told…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 Corp. is hosting an investor event Nov. 12 at the New York Stock Exchange. The purpose is to update investors on the progress Brunswick has made since communicating its three-year strategic plan for 2012 through 2014. The company also will provide a fresh three-year outlook through 2016 and discuss plans to increase shareholder value.…more
ARI Network Services reported revenue of $8.5 million in its fourth quarter, a 44 percent increase from the same period a year earlier. The Milwaukee-based company reported record revenue of $30.1 million for the year that ended July 31, a 33.8 percent increase from its 2012 fiscal year. ARI said the increase was driven by…more
Brunswick Corp. today announced a gain in third-quarter sales, from $874.3 million a year earlier to $892.4 million, and reported a small dip in sales in its boat segment. For the quarter that ended Sept. 28, Brunswick reported operating earnings of $63.6 million, a 6 percent decrease from the same period in 2012. Brunswick reported…more
Brunswick Corp. launched a free online marketing program through a partnership with Dominion Enterprises for all certified Brunswick dealers. Dominion Marine Media will offer Brunswick dealers online marketing guidance with “Propel,” a complimentary, one-on-one marketing online workshop program that is an exclusive reward for Brunswick-certified boat dealerships in the United States and Canada. Dominion will…more
Brunswick Corp. CEO Dusty McCoy will give the keynote address Nov. 19 at the Marine Equipment Trade Show’s 2013 breakfast briefing before the show officially opens. McCoy will touch on the background of Brunswick and its role in the industry, share his views of the world market and challenge the industry on what he believes…more
Brunswick Corp. will release third-quarter financial results on Oct. 24 before the market opens, the company announced. The company will hold a conference call at 10 a.m. CDT that day, hosted by CEO Dusty McCoy, senior vice president and chief financial officer William Metzger and corporate and investor relations vice president Bruce Byots.
Brunswick Corp. started the production of Harris FloteBote and Cypress Cay pontoons at its new facility in Fort Wayne, Ind., after spending $1.2 million to move operations from its former Fort Wayne factory. Harris FloteBote and Cypress Cay president Nick Stickler told NBC33 that despite pressure to use an existing facility, the help the company…more
Brunswick Corp. sold its Hatteras and Cabo brands to Versa Capital Management LLC affiliate Navis HCY Acquisition LLC. Terms of the agreement weren’t disclosed, but the brands are expected to stay in North Carolina and John Ward will continue to lead them. A Versa spokeswoman told Trade Only Today that the company has no additional…more
Brunswick Corp. plans to introduce several fiberglass sterndrive and inboard boats under 50 feet in an effort to meet consumer demand and reverse market-share declines in that segment. “We’ve got a lot of product coming here in the second half [of 2013] below 50 feet,” Brunswick CEO Dusty McCoy told investors during a quarterly earnings…more