Analyst: Brunswick gains domestic market share


Brunswick Corp. is gaining domestic share within a stronger-than-expected U.S. retail marine industry, according to Wells Fargo analyst Timothy Conder.

Info-Link’s new Bellwether Report, which shows signs of stabilization in the mid-size range of the boat sales market, is encouraging, Conder said in the report, which was released today.

That, combined with solid international sales (with the exception of Europe), should offset weaker European sales, Conder said.

“For 2012, we are increasingly comfortable that the U.S. industry could be up 6 to 7 percent and the global industry 3 to 4 percent,” Conder wrote.

“Post the election, we believe industry concerns will not be any worse than the current trajectory and could prove modestly more constructive,” Conder said.

The bottom line: “We would continue to use macro-related volatility to build positions in Brunswick Corp.”

Info-Link's Bellwether Report indicates that in May, aluminum and fiberglass boat sales of units 15 feet and above were up about 10 or 11 percent, higher than Wells Fargo’s previous projection of 7 or 8 percent, Conder noted.

Bellwether states represent about 50 percent of the U.S. market.

That growth continues to be driven by aluminum and small fiberglass boats as outboard boats, aluminum and fiberglass, in the 15-plus foot range are up about 17 percent on a three-month rolling average while sterndrive/jet boat sales are up 3 percent, Conder said, the highest growth in four years on a three-month rolling average.

“This recent sign of apparent stabilization in the mid-size range of the market is encouraging,” he said.

Brunswick stock closed Thursday at $20.96 a share. The 52-week high was $27.40 and the 52-week low was $13.19.

Click here for the full release.


Siren’s 3 Series Receives NMEA 2000 Certification

The Internet of Things technology allows OEMs and other stakeholders to receive such data as engine metrics, fault codes and service requirements.

Galeon Launches Outboard Series

The first model in the series, the 325 GTO, will be powered by twin 350-hp Mercury Verados.

We Have Liftoff

Foil-equipped powerboats are poised to enter the mainstream recreational marine market.

Scania to Power Demo Viking 46

The Swedish engine manufacturer will use the boat in tournaments and other events to showcase its power options to the U.S. market.

Quick Hits: January 20, 2021

ShoreMaster, HydroHoist and Neptune rebranded as Waterfront Brands; Boats Group acquires more European brokerage sites; and Gill Fishing partners with rgyr agency.

Should You Require Employee Vaccinations?

With the Covid vaccines becoming more readily available, it’s a topic that’s worth addressing now.

Parker Sponsors ‘Journey for a Cause’

An Indiana college student will embark on a 10-day passage from the Ohio River to the Gulf of Mexico to highlight inclusion and fishing.

With Great Power Comes Great Challenges

Today’s high-horsepower outboards are heavy, and produce prodigious power and torque — three factors that boatbuilders must balance.

Guy Harvey Foundation Awards Scholarships

The inaugural Legacy Scholarship went to four Florida high school seniors who are attending Nova Southeastern University.