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.’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. 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
Boat manufacturer Lund Boat Co. began an expansion project in October at its New York Mills, Minn., site that will include a new factory and a loading dock.
Brunswick Corp. CEO Dusty McCoy tells Fox Business that the strength of the boating industry lies in the U.S. market. McCoy appeared in a segment Tuesday in front of the New York Stock Exchange to give reporter Nicole Petallides a tour of several boats, including the Sea Ray 350 SLX, which debuted at the Fort…more
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. 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