In addition, Brunswick recently gained approval of the company’s functionality and strategy when primary credit rating agencies Standard and Poor’s and Fitch Ratings revised Brunswick’s outlook to “Stable” and reaffirmed the company’s credit rating.
“As we close August, we continue to see a very healthy marine industry with strong demand, a giant cohort of new and recurring recreational navigation participants and the best degrees of participation in recreational navigation. These factors, as well as widespread percentage gains in many of our businesses, continued to drive demand for our products as we ended the number one retail season. Through the successful execution of our strategy and our capital plans, we are repaying the balance of our renewable line of credit,” said Ryan Gwillim, Chief Financial Officer of Brunswick Corporation.
“Both SP and Fitch mentioned our business results, optimized portfolio, strong money flow and liquidity, as well as advanced market situations as one of the positive points influencing their progressive valuation, giving us greater flexibility for our long-term financing and growth desires,” Gwillim added.
Headquartered in Mettawa, Illinois, Brunswick Corporation’s leading customer brands include Mercury Marine outboard engines; Mercury MerCruiser Z and inboard transmission games; Mercury Global parts and accessories, adding propellers and SmartCraft electronics; Integrated food solutions; MotorGuide trolling fishing engines; The marine parts Attwood, Garelick and Whale; Distribution of marine portions Land ‘N’ Sea, BLA, Payne’s Marine, Kellogg Marine and Lankhorst Taselaar; Mercury and mercury portions and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern; Water Services Network, Freedom Boat Club and NAUTIC-ON. For more information, https://www.brunswick.com.
FUTURE STATEMENTS