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Tag Archives: David Foulkes

Brunswick sets records at FLIBS 2019

Brunswick Corporation announced that its Sea Ray, Boston Whaler and Mercury Marine brands have set multiple records during the 2019 Ft. Lauderdale International Boat Show.  Sea Ray, which launched a new 320 Sundancer Coupe at Ft. Lauderdale, saw an 80% increase in show sales from a year ago. Brunswick said Boston Whaler continues to benefit from significant year-over-year sales growth ...

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Brunswick aims to represent marine industry at CES 2020

Brunswick Corporation (NYSE: BC) announced that it will make its debut as an exhibitor at the 2020 Consumer Electronics Show (CES) in Las Vegas, Jan. 7-10, 2020.  Brunswick said it will highlight its technology leadership in recreational boating while showing how its ACES strategy of autonomy, connectivity, electrification and shared access will help define the future of the marine industry.  ...

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Brunswick announces third quarter financial results

Brunswick Corporation (NYSE: BC) today reported results for the third quarter of 2019. "Our third quarter performance reflects the continued successful execution of our marine strategy and reinforces the tremendous confidence we have in the future growth opportunities within each of our businesses," said Brunswick chief executive officer David Foulkes. "Both gross and operating margins expanded during the quarter, despite ...

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Boston Whaler earns top Brunswick safety award

Boston Whaler’s Edgewater facility earned the prestigious Brunswick Safety Leadership Award, the top award given in a program conducted by parent company Brunswick Corporation (NYSE: BC). Brunswick CEO Dave Foulkes presented Whaler’s safety committee with the award during a ceremony held on July 31. Boston Whaler then announced that it would donate the $10,000 prize received in conjunction with the ...

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Brunswick reports 2nd Quarter earnings

For the second quarter of 2019, Brunswick reported consolidated net sales of $1,163.5 million, up from $1,148.7 million a year ago. The Marine Engine segment, which manufactures and distributes marine propulsion systems and related parts and accessories, reported net sales of $871.5 million in Q2 2019, up 4.5% from $834.3 million in the second quarter of 2018. The Power Products ...

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Brunswick announces restructure, eliminates 100 positions

Following the completion of the Fitness business sale to KPS Capital Partners, LP, Brunswick Corporation (NYSE: BC) recently announced that it has initiated a range of measures to streamline its cost structure to support sustained earnings growth and provide continued headroom to fund important product, digital, and growth-oriented business initiatives.  A news release from Brunswick said the announcement focuses primarily ...

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Brunswick Corp. OKs new share repurchase authorization, declares regular quarterly dividend

Brunswick Corporation announced that its board of directors has approved a new share repurchase authorization of $450 million and declared a regular quarterly dividend. A regular quarterly dividend on Brunswick common stock of $0.21 per share will be payable on June 14, 2019, to shareholders of record on May 21, 2019. In a separate action, the board of directors approved ...

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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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Forbes names Brunswick among America’s best employers for 2019

Forbes Magazine has named Brunswick Corporation (NYSE: BC) among America’s Best Employers for 2019.  The Company is ranked No. 219 for employers with 5,000 employees or more. The list of 500 honorees was announced by Forbes in partnership with Statista.com. This is the second consecutive year that Brunswick has been recognized. Brunswick, which was founded nearly 175 years ago, is ...

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