Brunswick reports strong Q2 results
Brunswick Corporation recently reported results for the second quarter of 2021, its boat segment posting an 80 percent increase in sales, due to increased sales volumes to dealers to meet continued strong retail customer demand as well as strong operational performance.
The Freedom Boat Club contributed approximately 3 per cent of sales to the segment in the quarter, while net sales through the first half of 2021 were up 53 percent when compared to the same period in 2020.
“We delivered record results in the second quarter as a result of the continuing constructive demand environment, and our very strong operational performance and success in mitigating supply chain challenges and labor market tightness,” says Brunswick chief executive officer David Foulkes.
“Freedom Boat Club also continues to exceed our expectations. With the recently announced
acquisition of Fanautic Club and expansion into Spain, Freedom now has 314 locations and 44,000
memberships network-wide, and is closing in on 4,000 boats in the overall Freedom fleet.
“Robust retail demand for our products in the first half of the year has driven field inventory levels to the lowest level in decades, and we are progressing our efforts to efficiently increase capacity across most of our facilities to satisfy orders from our global customer base,” concludes Foulkes.
The company said that the combination of strong demand and low inventory, together with continued strong boat usage through the prime boating season is driving high parts and accessories sales, and provides enhanced visibility on its ability to deliver against the extremely favorable outlook for the remainder of 2021 and beyond.
