Tag Archives: Brunswick Boat Group

Brunswick Boat Group facilities support workers on the COVID-19 front lines

Brunswick Boat Group supports COVID-19 front line workers

Brunswick Boat Group, a division of Brunswick Corporation, is trying to make a difference in the fight against COVID-19. Recently, BBG donated 15,000 masks to first responders and hospitals in three different communities where Brunswick Boat Group manufacturing facilities are located. In addition, the business is utilizing its upholstery manufacturing capability to design and fabricate additional masks for employees at ...

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Brunswick businesses join fight against COVID-19

Brunswick Corporation and many of its businesses around the world are doing their part to help those on the front lines in the fight against COVID-19. The Brunswick Private Foundation recently made a $50,000 donation to the Red Cross and Brunswick employees around the world are making personal donations that will also be matched by the company. In addition, the ...

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Brunswick reports Q4 and full-year 2019 financial results

Brunswick Corporation reported results for the fourth quarter and full-year of 2019. "Our 2019 performance demonstrated the strength and resilience of our marine-focused portfolio. We expanded gross and operating margins and delivered a tenth consecutive year of adjusted EPS growth, despite a weaker than anticipated marine market in the first half of the year," said Brunswick chief executive officer David ...

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Brunswick establishes Advanced Systems Group, appoints president

Brunswick Corporation announced the formation of its Advanced Systems Group and appointed Brett Dibkey president – Advanced Systems Group reporting to Brunswick CEO David Foulkes. The new structure will take effect on Jan. 1, 2020.   The Advanced Systems Group consists of the 11 Power Products brands from the acquisition completed in August of 2018, in addition to the Attwood Group of ...

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Lund announces 2 new Pro Guide models for 2020

Since the inception in 1948, Lund has been producing what the company claims as "the most innovative tiller fishing boat in the industry." In 2020, Lund said it is continuing this tiller innovation with the launch of the new 1675 and 1775 Pro Guides.  “It may be one of the best kept secrets of the Lund engineers, the ability to ...

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Brunswick Boat Group opens new technology center

Brunswick Boat Group, a division of Brunswick Corporation (NYSE: BC), has officially opened its new, 45,000 square foot technology center in Edgewater, Florida, home to the industry’s most formidable boat product development, engineering and design teams. The opening of this facility is the culmination of a strategy that was announced in late January, designed to bring engineering and design functions ...

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Brunswick Corporation announces measures to reduce operating costs

Brunswick Corporation announced further measures to drive greater efficiency and reduce the annual operating costs of its Marine businesses -- both boat and engine -- by an estimated $30 million to $35 million. This follows the June 27, 2019 announcement of the streamlining of its corporate support functions related to the sale of its Fitness business. “These actions will reduce ...

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Sea Ray celebrates 60th anniversary, honors dealers at awards dinner

Sea Ray recently celebrated its 60th anniversary during a marine industry dealer meeting at Horseshoe Bay Resort in Texas. During the event, attendees experienced on-water product demonstrations of Sea Ray’s latest model line-up including the Sundancer 320, SDX 250 Outboard, SLX 400 and the brand-new, limited-edition SLX-R 350 Outboard, recently named a 2019 Top Product by Boating Industry. In addition, attendees ...

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Brunswick announces sale of fitness division for $490 million

Brunswick Corporation today announced it has entered into a definitive agreement to sell its fitness business to KPS Capital Partners, LP, a private investment firm, in an all-cash transaction for approximately $490 million. Following completion of the sale, Brunswick will be comprised solely of its global marine portfolio, which includes market-leading positions in propulsion, parts and accessories, boats and services. ...

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Brunswick First Quarter Marine Results Show Strong Top-Line Growth and Margin Expansion

Brunswick Corporation reported results for their marine business for the first quarter of 2019. First Quarter 2019 Highlights: $ millions (except per share data) GAAP Increase/(Decrease) As Adjusted Increase/(Decrease) Marine Business Net Sales $1,050.7 8.7% $ 1,050.7 10.4% Marine Business Operating Earnings $114.1 20.7% $ 124.5 18.3% Marine Business Operating Margin 10.9% 110 bps 11.8% 80 bps Marine Business Operating ...

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