Skip to main content

Brunswick Continues ‘Elevated’ Production Levels


Brunswick Corp. reported an 18.3 increase in first-quarter net sales and a 3.3 percent increase in operating earnings, adding that pent-up demand for boats will allow the company to continue production at maximum levels this year.

Brunswick collected approximately $1.7 billion in sales in the quarter, with operating earnings of $239.5 million. Adjusted operating margins narrowed by 120 basis points to 15.8 percent, the company said in its earnings report yesterday.

“The pace of retail sales continues to be dominated by the twin supply-side challenges of exceptionally low field inventory levels and supply-chain disruption,” CEO David Foulkes said in the statement.

Brunswick said global field boat inventory levels were 6 percent lower at the end of the first quarter than at the same time in 2021. The drop was more pronounced in the United States, where inventories were down 12 percent during the same period. That’s with inventory levels temporarily inflated in the northern United States and Canada because of the slower arrival of spring weather, which has caused some delays in deliveries and registrations.

Wholesale activity is constrained by the supply-chain tightness resulting from China’s Covid-19 lockdowns and freight slowdowns, the company said.

“As a result of the historically low dealer inventory levels and continued strong boating participation, production levels remain elevated across all our businesses to satisfy retail demand and to rebuild product pipelines,” Foulkes said.



Open for Business

Despite drought conditions in the western United States, boating remains popular on Lake Mead and elsewhere.


Crude Weakens and Gas Prices Ease

West Texas Intermediate crude oil fell below $100 per barrel yesterday, while gasoline and diesel prices have slipped from their June highs.


RFA Hires Executive Director

Robert Nixon brings fishing-policy expertise and lobbying experience to the group’s efforts to preserve anglers’ rights.


2022 Women in the Industry Summit, Leadership Panel, Awards Ceremony & Reception



Seabins Coming to Lake Erie

The devices, deployed as part of a pilot program, skim and collect debris from the water, including microplastics. Meanwhile, MBIA announces scholarship funds.


Boatsetter Reports Uptick in Rentals

The on-water experience company has seen triple-digit growth in pontoon and party-boat rentals, as well as fishing and yacht charters.


Smartgyro Signs Distributors, Hires Sales Manager

The company said the three U.S. distributors, working with Bob Walker, will help expand its dealer network and brand recognition.


The Upside of a Downturn

Economic challenges should push you to develop a strategy that helps you weather the storm and come out stronger on the other side.