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March 4, 2013
16:14 EDTBCBrunswick says production consolidation to reduce costs, shorten production time
"This action allows us to reduce production costs and shorten production cycle times of yachts. Further, the transition is planned so that we can take full advantage of initial retail demand for our new yacht models that we are bringing to the marketplace over the next two years. Concurrent with the transition, comprehensive marketing materials will be provided to our dealer network to support the pre-sale of the new yacht models under development. We can still support significant sales growth in these segments, as our post-consolidation manufacturing footprint will retain capacity to compete in a market in excess of 2.5 times current worldwide demand for yachts and motor yachts," said BBG President Andy Graves.
News For BC From The Last 14 Days
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July 28, 2014
07:54 EDTBCBrunswick approaching positive turning point, says Wells Fargo
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July 24, 2014
10:19 EDTBCHigh option volume stocks
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08:58 EDTBCBrunswick: U.S. marine market unfolding consistent with expectations
Expects modest unit growth in boats greater than 30 feet. International marine markets, however, have experienced declines in retail sales, specifically in Canada and South America. Consequently, first-half global marine retail demand growth is below our annual expectations.
08:53 EDTBCBrunswick cuts FY14 adjusted EPS to $2.25-$2.35 from $2.40-$2.55
FY14 EPS consensus $2.51
08:51 EDTBCBrunswick reports Q2 Marine Engine segment sales $652.4M
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08:50 EDTBCBrunswick reports Q2 adjusted EPS 95c, consensus 91c
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July 22, 2014
11:17 EDTBCBrunswick increases quarterly dividend to 12.5c per share
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July 18, 2014
10:03 EDTBCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Homes 4 Rent (AMH) upgraded to Strong Buy from Outperform at Raymond James... Andersons (ANDE) upgraded to Buy from Hold at BB&T... Brunswick (BC) upgraded at B. Riley... Burberry (BURBY) upgraded to Outperform from Neutral at Exane BNP Paribas... Colfax (CFX) upgraded at Stifel... ITV Plc (ITVPF) upgraded to Neutral from Sell at Citigroup... Olin Corp. (OLN) upgraded to Neutral from Underperform at Macquarie... Plexus (PLXS) upgraded to Buy from Neutral at Longbow... Resources Connection (RECN) upgraded to Outperform from Neutral at RW Baird... Sandy Spring Bancorp (SASR) upgraded at RW Baird... Seagate (STX) upgraded to Buy from Hold at Craig-Hallum... easyJet (ESYJY) upgraded to Outperform from Sector Perform at RBC Capital.
08:19 EDTBCBrunswick upgraded at B. Riley
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07:36 EDTBCBrunswick upgraded to Buy from Neutral at B. Riley
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July 17, 2014
17:50 EDTBCBrunswick maintains FY16 EPS target of $3.00-$3.40
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17:49 EDTBCBrunswick sees Retail Bowling divestiture dilutive to FY14 EPS by about 20c
As a result of these divestitures and associated discontinued operations treatment, Brunswick estimates the dilution to EPS from continuing operations, on both a GAAP and as adjusted basis, to be approximately 20c per diluted share for FY14. Further, Brunswick estimates that for 2014, the free cash flow from continuing operations will be lower by $35M-$40M.
17:46 EDTBCBrunswick to report Retail Bowling results as discontinued operations
As a result of the company's announced sale of its Retail Bowling business and its intention to sell its Bowling Products business, beginning with Q3, Brunswick will report the results of these businesses, which were previously reported in the Bowling & Billiards segment, as discontinued operations. In addition, the results of the Billiards business will be included in the company's Fitness segment.
16:30 EDTBCBrunswick to sell retail bowling business to Bowlmor AMF for $270M
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