Brunswick: Recovery will not come this year - Trade Only Today

Brunswick: Recovery will not come this year

Author:
Updated:
Original:

At its annual meeting Wednesday, Brunswick chairman and CEO Dustan McCoy told shareholders not to expect any meaningful economic recovery this year.

"Our company has faced more adversity than perhaps at any time in its long and storied history," said McCoy, according to a report in Crain's. "We're not planning for 2009 to bring any meaningful economic recovery."

Last week, Brunswick reported that sales fell 45 percent in the first quarter to $734.7 million, and it endured a loss of $184.2 million, or $2.08 per diluted share, compared with a year-earlier profit of $13.3 million, or 21 cents a share.

Click here for the full story.

Related

Yanmar Brings Diesel Power to Wake Boat Segment

Engine manufacturer offers first fully integrated diesel option in partnership with Nautique.

GOST Unveils Updates Ahead of FLIBS

Marine security leader teases updated interface and more powerful satellite tracking antennas.

Virtual Edition of Metstrade Boat Builder Awards Announced for 2020

The awards will acknowledge challenges and resolve of the marine industry during the pandemic.

Mercury Marine and Beneteau Partnership Goes Global

Beneteau buyers around the world will now have Mercury for a power option.

Quick Hits: October 23, 2020

Brunswick pontoon facility earns award; Kemah Capital enters marine.

Brunswick Corp. Appoints New President

Aine Denari is an automotive industry veteran with vast experience in leading-edge mobility systems.

Menhaden Quotas Reduced

Sportfishing groups applauded the move, saying it will help rebuild the striped bass population.

Winnebago Reports Q4, Fiscal 2020 Results

Revenue grew 18.6 percent for the year to $2.4 billion.

Quick Hits: October 22, 2020

Tiara Yachts honors top dealers; Smoker Craft donates to MRAA; ICOMIA issues state of the industry.