Skip to main content

Analyst sees encouraging signs for Brunswick

RBC Capital Markets delivered an upbeat report for Brunswick Corp. earlier today, several days ahead of when the company is to report first quarter earnings. At the same time, RBC notes the overall industry continues to face significant challenges.

"With production increasing for the first time in several years, we expect that Brunswick's [profit and loss] will show strong leverage," the report predicts. Q1 results are due out Thursday.

RBC surveyed 185 Brunswick dealers - many of which also carry non-Brunswick lines - and held discussions with key industry contacts.

"Dealer sentiment, while still not great, is clearly on the upswing," the report states, tempering that by noting "significant challenges," such as a slow recovery in new-boat sales and dealer difficulty selling newer boats without incentives.

RBC notes two primary causes of continued pressure on the new-boat market: an overhang of recent model-year used inventory and extremely tight floorplan financing conditions.

The report is titled, "Brunswick Corporation: Check Points to Early Stage Recovery."

Click here for the full report.


A Tax Incentive for Innovation

A deep dive into the research and development tax credit usually yields savings

ABYC Reschedules Meetings

Postponed due to Covid, the annual meeting goes virtual in February, and the Marine Law Symposium moves to April in Providence, R.I.

Daiwa Appoints Marketing Manager

Marc Mills will handle marketing efforts for North American and South American markets.

VIP Access Available for MIBS

The tickets include admission to the VIP lounges at One Herald Plaza and the Miami Beach Convention Center, along with other perks.

South Fork Wind Farm Gets EPA Approval

The Clean Air Act permit contains pollution control requirements for the construction and operation of the wind farm, which will be located southwest of Martha’s Vineyard.

Dockmate Launches New Technology

The SoftDocking wireless remote control system eliminates the delay between engaging the throttle and the boat beginning to move.

Minneapolis Innovation Award Winners Announced

NMMA and Boating Writers International handed out the awards in four categories during the Minneapolis Boat Show preview yesterday.