iHub News
2 months ago
Brunswick tops Q1 expectations but issues softer Q2 outlookApril 30, 2026 10:17 AM
IH Market News
Brunswick Corporation (NYSE:BC) reported first-quarter results on Thursday that exceeded analyst forecasts, although its second-quarter guidance came in below expectations.Shares edged up 1.06% in premarket trading following the mixed update.The company posted adjusted earnings per share of $0.70, beating the $0.46 consensus estimate by $0.24.Revenue rose to $1.38 billion, up 12.8% from $1.22 billion a year earlier and ahead of the $1.32 billion forecast.However, Brunswick’s outlook for the second quarter disappointed investors. The company expects revenue between $1.45 billion and $1.55 billion, with a midpoint of $1.50 billion below the $1.55 billion consensus estimate. Adjusted EPS is projected in a range of $1.10 to $1.20, also under the $1.52 consensus, with a midpoint of $1.15.“Brunswick delivered an excellent start to 2026, building on the market recovery in the second half of last year, with first quarter results ahead of expectations and prior year despite the dynamic geopolitical and tariff environment,” said CEO David Foulkes.He added that global boat retail unit sales were roughly flat compared with the first quarter of 2025, marking a third straight quarter of improved relative performance.For full-year 2026, the company raised its adjusted EPS guidance to between $4.00 and $4.50, with a midpoint of $4.25 slightly above the $4.20 consensus estimate.Brunswick expects full-year revenue in the range of $5.65 billion to $5.8 billion, broadly in line with forecasts, with a midpoint of $5.73 billion.Segment performance was led by the Propulsion business, where sales increased 17%, while Engine Parts and Accessories revenue rose 14%.Adjusted operating margin improved slightly to 6.0%, up from 5.9% in the same quarter last year.Brunswick stock price
Original: Brunswick tops Q1 expectations but issues softer Q2 outlook
US Market News
5 months ago
Sheffield Financial, Mercury Marine launch financing partnership for outboard engines and boat packagesFebruary 18, 2026 8:15 AM
PR Newswire (US)
WINSTON-SALEM, N.C., Feb. 18, 2026 /PRNewswire/ -- Sheffield Financial, a division of Truist Bank, and Mercury Marine have launched a retail financing partnership designed to simplify the purchase of Mercury outboard engines and boat packages.Under the agreement, customers can select Sheffield-powered financing with competitive rates and a digital experience that connects online shopping and credit decisions with in-dealership loan closing. Mercury dealers will have access to Sheffield's online prequalification technology, which can be used across marketing channels to provide a consistent financing experience."Today's customers expect financing to be simple, fast and transparent," said Susan Andersson, senior vice president and head of national accounts at Sheffield Financial. "By pairing our specialized expertise in outboard engine and boat package financing with Mercury Marine's trusted brand, we're delivering a connected digital experience that benefits both customers and dealers."Randy Caruana, vice president of Americas and Asia Pacific at Mercury Marine, said the partnership helps dealers meet growing customer expectations."From online research to in-dealership closing, boaters expect a fast, connected process," Caruana said. "By combining Mercury's trusted products with Sheffield's streamlined financing solutions, we're making it easier for customers to get on the water."The program includes installment financing for Mercury outboards and Mercury-powered boat packages, along with seven-day-a-week access to Sheffield's specialized marine underwriting team. The offering is designed to support fast credit decisions and a consistent financing experience for dealers and customers.About Sheffield FinancialSheffield Financial, a division of Truist Bank and member FDIC, provides installment financing for the marine, powersports, compact tractor, outdoor power equipment and trailer industries. Founded 33 years ago, the company serves hundreds of brands and has financed millions of customers nationwide. Backed by Truist Bank, Sheffield Financial offers retail financing options and customer service support for manufacturers and dealers. More information is available at SheffieldFinancial.com.About TruistTruist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $548 billion as of December 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.About Mercury MarineMercury Marine, headquartered in Fond du Lac, Wisconsin, is a manufacturer of recreational marine propulsion engines. A division of Brunswick Corp. (NYSE: BC), Mercury provides engines, boats, services and parts for recreational, commercial and government marine applications worldwide. More information is available at www.mercurymarine.com.
View original content:https://www.prnewswire.com/news-releases/sheffield-financial-mercury-marine-launch-financing-partnership-for-outboard-engines-and-boat-packages-302689833.htmlSOURCE Sheffield Financial, Inc.
Original: Sheffield Financial, Mercury Marine launch financing partnership for outboard engines and boat packages
iHub News
5 months ago
Brunswick Tops Q4 Forecasts as Revenue Surprise Offsets Cautious Longer-Term EPS ViewJanuary 29, 2026 8:26 AM
IH Market News
Brunswick Corporation (NYSE:BC) delivered fourth-quarter results that came in slightly ahead of earnings expectations, while revenue materially exceeded forecasts. The group also set out its longer-term financial targets through fiscal 2026.Adjusted earnings per share for the quarter reached $0.58, narrowly beating the consensus estimate of $0.57. Revenue totaled $1.33 billion, comfortably ahead of analyst expectations of $1.21 billion, representing an upside of roughly 10%.Despite the headline beat, Brunswick’s shares were little changed after the announcement, suggesting much of the positive news had already been priced in by investors.Looking ahead, the company outlined its financial objectives for fiscal 2026, guiding to earnings per share in a range of $3.80 to $4.40. The midpoint of $4.10 sits slightly below the analyst consensus of $4.19. Revenue is expected to come in between $5.6 billion and $5.8 billion, with the midpoint of $5.7 billion exceeding market expectations of $5.54 billion.“Our fourth quarter performance demonstrates the strength of our diverse portfolio and operational execution,” said a Brunswick executive. “We’re positioned well to deliver sustainable growth as we implement our strategic initiatives through 2026.”The strong revenue outperformance in the quarter underscores Brunswick’s ability to navigate a challenging operating environment, even as the company struck a more measured tone on earnings growth over the longer term.Brunswick stock price
Original: Brunswick Tops Q4 Forecasts as Revenue Surprise Offsets Cautious Longer-Term EPS View
Seminole Red
15 years ago
* Q2 net profit $0.75 vs $0.15 a year ago
* Company raises 2011 EPS outlook to $0.60-$0.75
* Shipments of boats and marine engines strong (Adds details in paragraphs 6-10)
NEW YORK, July 28 (Reuters) - Recreational products maker Brunswick Corp's (BC.N) quarterly profit tripled on higher marine wholesale shipments and raised its 2011 profit outlook.
The company, which makes recreational boats and marine engines, billiard tables and fitness equipment, said on Thursday its profit rose to $69.3 million, or 75 cents a share, from $13.7 million, or 15 cents a share, a year earlier.
Profit in 2011 includes a gain of 2 cents a share from special tax items.
Sales in the quarter increased 8 percent to $1.10 billion.
The company, which also owns and operates Brunswick bowling family entertainment centers, forecast 2011 profit of 60 cents to 75 cents a share, up from its prior forecast of 30 to 50 cents a share.
"We continue to believe that the significant decline in overall industry marine retail demand bottomed in 2010," Brunswick Chief Executive Dustan McCoy said in a statement.
In the company's most recent quarter, marine engine sales were up 7 percent while the boat segment was up 10 percent.
Wholesale shipments and retail sales were strong, the company said.
The company also benefited from the closing of plants last year. (Reporting by A. Ananthalakshmi; Editing by Derek Caney)
Seminole Red
15 years ago
SCHILLER PARK, Ill., July 28, 2011 - Life Fitness, the global leader in fitness equipment manufacturing for both home and commercial products, was honored with FindTheBest.com`s 2011 "Best Of" awards for its T5-0 home treadmill, and X8 and X5 Elliptical Cross-Trainers.
Life Fitness is world renowned for superior product and an industry-leading heritage that it carries through to the consumer market with premium treadmills, exercise bikes, elliptical cross-trainers and strength training equipment.
FindTheBest.com monitors categories of expert rating sources across many different industries to evaluate product and rate each in a way that makes it easy to identify the industry leaders. With almost two million unique monthly visitors, the site has been praised for its wealth of quality data gathered from government and other trusted sources.
"Life Fitness products do extremely well in consumer reviews," said Brent Hutton, vice president for the Life Fitness consumer business unit. "We`re excited to see our products rise to the top of these product ratings, and expect to see more products climb higher in reviews as additional evaluation sites are scored for FindtheBest.com."
The Life Fitness T5-0 treadmill has been popular in the market since its introduction in 2006. Easy controls make a workout simple to navigate, while the machine`s quiet performance makes it perfect for the home environment. Additionally, the patented FlexDeck® shock absorption system reduces impact on joints by nearly 30 percent compared to ordinary treadmills or hard outdoor running surfaces.
Life Fitness` superior biomechanics support comfort and fit with SelectStride(TM) technology on its elliptical cross-trainers. The X5 allows you to adjust the stride length for different-sized users in the household or to target different muscle groups. The X8 features electronic stride adjustment-with just the touch of a button, users can change the stride length on-the-fly to target different leg muscles. The Life Fitness X5 and X8 elliptical cross-trainers incorporate the same shock absorption technology that makes Life Fitness treadmills the best in the world. The FlexPedalTM shock absorption system provides flexible cushioning to increase foot comfort during workouts.
Manufactured Suggested Retail Pricing for the T5-0 is $3,699.
The X8 Elliptical Cross-Trainer is $3,999 MSRP with the Basic Workouts Console and $4,299 with the Advanced Workouts Console.
The X5 Elliptical Cross-Trainer is $3,299 MSRP with the Basic Workouts Console and $3,599 with the Advanced Workouts Console.
For more information on the award-winning products, visit www.lifefitness.com or call 1-800-634-8637 for more information.
About Life Fitness
Life Fitness is the global leader in providing fitness equipment. The company manufactures and sells strength and cardiovascular equipment under the brand names Life Fitness and Hammer Strength and distributes its equipment in more than 120 countries. Headquartered outside Chicago, in Schiller Park, Ill., Life Fitness is a division of Brunswick Corporation (NYSE: BC).
Life Fitness is a registered trademarks of Brunswick Corporation
Beavis97
16 years ago
Blaming Poor Sales, Sea Ray Lays Off 170 From Palm Coast Plant; Future Uncertain
FlaglerLive | September 17, 2010
Sea Ray, the boat manufacturer and one of Flagler County’s largest and best-paying private employers, laid off 170 workers at its Palm Coast plant on Thursday. That’s at least a third of the plant’s workforce. The lay-offs will have considerable repercussions on a local economy already battered by high unemployment. After falling in summer, local joblessness was on the rise again even before the Sea Ray lay-offs. Figures released Friday put Flagler County’s unemployment rate for August at 16.4 percent, second-worst in the state.
Several local parts manufacturers and lumber yards depend on Sea Ray for big chunks of business. And while Sea Ray is not as large an employer as Palm Coast Data, which has about 1,000 employees, Sea Ray’s median salaries are more than double those at Palm Coast Data, which fall closer to the minimum wage.
One year ago, the Palm Coast plant employed 270. That number rose last spring, when the boat manufacturer geared up for the summer season and was expecting to sell six boats per week from the plant. The boats didn’t sell at that pace, however, and backed up the company’s inventory. At its height in the middle of the last decade, the plant was producing a dozen boats per week.
Sea Ray workers were told of the lay-offs Thursday afternoon in several groups by their building managers from the plant’s fabrication, assembly and lamination buildings. The meetings were only a few minutes long. Those who were laid off were told that the plant will be building four boats per week until at least the end of the year, necessitating the layoffs, and that “when we need you, your supervisor has the option to call you back.”
Supervisors then escorted them back to their work areas where they handed in their identification and company keys (if they had any) and picked up their personal items, then walked out to the parking lot, where they were required to hand in their yellow vehicle window stickers that identify them as employees, so they would opt be able to return. The news was somber but not unexpected: many workers had been in and out of employment at the plant, and many more had been revolving through several jobs over the past few years, trying to hold on to work.
Many of the laid-off workers were not directly employed by Sea Ray, but by Aerotek, the national staffing agency through which Sea Ray has been employing many of its workers. (The arrangement enables companies with seasonal or uncertain employment terms to avoid the bureaucracy that comes along with hiring full-time employees. Aerotek assumes that bureaucracy and actually signs employees’ checks.)
The lay-offs are distinct from the company’s usual furloughs, which take place in July (July 16 to 24 last summer) and December (Dec. 16 to Jan. 3), and from the rotation some workers were on last year—working one week and being off three. The difference this time is that the lay-offs are open-ended. The same day, Sea Ray, which is based in Knoxville but owned by Lake Forest, Ill.-based Brunswick Corp., announced that it was furloughing 600 employees at two plants in Tennessee on Oct. 4, months before the usual winter furloughs.
Locally, Sea Ray has been the beneficiary of generous county and state subsidies. In 2007, the company threatened to leave the county if planned developments were to proceed in its neighborhood. To entice it to stay, the county agreed, among other things, to build a 3,000-foot road extension from Roberts Road to Colbert Lane for the company, at taxpayers’ expense. The $2 million in state and local dollars included $300,000 from Flagler County taxpayers. At the time, the Sea Ray plant employed some 700 people.
At an internal Chairman’s Award ceremony about a month ago, employees were told that Brunswick had considered shuttering the Palm Coast plant and moving the operation to Sykes Creek on Merritt Island, just south of Titusville. Employees were told that because of the very low number of warranty claims against boats manufactured at the Palm Coast plant–a sign of quality manufacturing that saves the company large sums of money–the plan to move the operation was dropped. But it wasn’t the first time, nor is it likely to be the last, that Brunswick has considered shuttering the plant.
Repeated calls to the Brunswick about Thursday’s layoffs office were not returned.
At the end of July, Brunswick’s 16 boat brands reported net sales of $296.6 million for the second quarter of 2010, an increase of 114 percent compared with $138.8 million in the second quarter of 2009, but an operating loss of $23.6 million. That compares with an operating loss of $107.9 million in the second quarter of 2009.
Seminole Red
16 years ago
LAKE FOREST, Ill., May 26 /PRNewswire/ -- Kids can hit the lanes for free games this summer at all 93 Brunswick Zone and Brunswick Zone XL centers.
Every day, starting June 1, students age 18 and younger can bowl one free game whenever lanes are available. Shoe rental is not included. To claim their games, students just need a Student Ball Pass, available free at any Brunswick center. Passes can also be obtained by joining the Brunswick Bonus Zone at www.bowlbrunswick.com/ballpass. There is no charge for joining.
"We wanted to recognize and reward the efforts students put in during the school year," said Jim Fox, president - Brunswick Bowling Retail. "Summer is a time to have fun. Not only is bowling fun, it's also a great activity for students to do with their family and friends regardless of the weather."
Many students are already prepared to bowl as almost 3 million passes have been distributed this spring through local schools that teamed up with Brunswick to help hand passes out.
The free game a day summer promotion is just one way Brunswick recognizes students. Through its Making the Grade program, Brunswick also offers students a free game for every "A" on their current report cards. And, those with perfect attendance can receive a free Family Funtastic Value Package, including two hours of free bowling for up to six people, shoe rental and a pitcher of pop. Finally, each spring, Brunswick offers more than $45,000 in college scholarships to winners of its All-Star Varsity Bowling Tournaments. Information about all of these initiatives is available at www.bowlbrunswick.com.
Brunswick Bowling & Billiards, a division of Brunswick Corporation, is one of the largest operators of full-service bowling and family recreation centers in the world; is a full-line supplier of bowling equipment, supplies and consumer products, and designs billiards tables and accessories. Headquartered in Lake Forest, Ill., Brunswick Corporation (NYSE: BC) has been a leader in the recreation business for more than 160 years. For more information, visit our Web site at www.bowlbrunswick.com.
SOURCE Brunswick Bowling & Billiards
/CONTACT: Sharon Honaker of Brunswick, +1-847-735-4512, Sharon.Honaker@brunbowl.com
/Web site: http://www.bowlbrunswick.com
Seminole Red
16 years ago
NEW YORK (AP) -- Moody's Investors Service upgraded boat maker Brunswick Corp.'s rating outlook on Monday to "stable" from "negative" based on a belief that Brunswick's credit will not deteriorate further and might even improve over the near- to midterm.
At the same time, Moody's raised Brunswick's speculative-grade liquidity rating to "SGL1."
"We believe Brunswick's strong liquidity profile, improved cost structure, enhanced health of its dealership network and increased wholesale shipments should enable it to maintain its current credit profile, even if retail demand in 2010 declines more than the 10 percent the company is currently planning for and despite the burgeoning sovereign debt crisis," said Kevin Cassidy, senior credit officer at Moody's in a statement.
Moody's said the liquidity upgrade indicates that Moody's believes Brunswick will maintain its strong liquidity profile for at least 12 months, including cash balances around $550 million, an expectation of positive free cash flow in 2010 even if retail demand falls 20 percent, and access to over $125 million in credit.
Brunswick reported last month that its first-quarter loss was much smaller than a year earlier, surprising Wall Street analysts. And it said its quarterly revenue climbed for the first time in more than two years.
The company lost $13 million, or 15 cents per share, during the quarter that ended April 3. That compares with a loss of $184.2 million, or $2.08 per share, during the same period last year.
Sales climbed 15 percent to $844.4 million -- the first time revenue increased at the suburban Chicago company since the fourth quarter of 2007. Meanwhile, the company posted an operating profit for the first time in two years.
Brunswick, which also makes boat engines and fitness equipment, cut costs and closed factories as the recession ate into its business.
It said sales rose in virtually every category except bowling and billiards. Boat sales rose 19 percent and boat engine sales 30 percent.
Brunswick is based in the Chicago suburb of Lake Forest, Ill. Its brands include Mercury and Mariner engines; Bayliner, Hatteras, SeaRay boats and Life Fitness workout equipment.
After rising more than 9 percent by midday Monday, Brunswick's shares were down 3 cents Monday afternoon, trading at $18.50.
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