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.’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. 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
After six months looking for a buyer, Hatteras and Cabo Yachts appear to be nearing a sales agreement. Brunswick Corp. plans to sell the Hatteras and Cabo brands to Navis HCY Acquisition LLC, according to a letter sent from Hatteras and Cabo vice president and CFO Robert Nenni to city officials in New Bern, N.C.…more
Brunswick Corp. reported today that net earnings fell 4 percent in the second quarter, to $80.4 million, from $83.6 million in the second quarter last year. Net sales increased 4 percent, from about $1.05 billion to $1.1 billion. “Revenue growth in the quarter was led by outboard marine products, marine products and accessories, fitness equipment…more
Larson Boat Group announced the launch of the Escape, the company’s new line of pontoon boats. “After two years of development and testing the Larson team is anxious to finally take the wraps off this bold new project and get it out to the marketplace,” Larson executive vice president and COO Mike O’Connell said in…more
Brunswick Corp. will release second-quarter financial results on July 25 before the market opens. Brunswick CEO Dustan McCoy will host a conference call at 10 a.m. CDT with senior vice president and CFO William Metzger and corporate and investor relations vice president Bruce Byots. Securities analysts and investors who want to participate by phone should…more
Brunswick-owned Harris FloteBote and Cypress Cay Pontoons are spending $1.2 million to move manufacturing operations to a facility in Fort Wayne, Ind., that is nearly triple the size of its old one, which also was in Fort Wayne. The new 360,000-square-foot facility used to be occupied by a division of Lincoln Foodservice Products LLC, whose…more
Despite the fact that Brunswick Corp. analysts have been all over the map in their predictions for the company, experts see smooth sailing ahead. That’s according to Medill Reports Chicago, which says the analyst opinions have been as volatile as the marine industry itself. Of 10 analysts surveyed by Bloomberg, six rate the stock a…more