Brunswick to close facilities in Mexico and Florida as part of restructuring

METTAWA, Ill. - Brunswick Corporation (NYSE:BC), currently trading at $64.98 and maintaining a solid current ratio of 1.68, announced Wednesday it will close its fiberglass boat manufacturing facilities in Reynosa, Mexico and Flagler Beach, Florida as part of a global manufacturing consolidation plan. According to InvestingPro data, the company has demonstrated strong financial discipline, maintaining dividend payments for 55 consecutive years.

Production from these facilities will be transferred to existing U.S. operations in Vonore, Tennessee, Merritt Island, Florida, and Edgewater, Florida. The company expects the transitions to be completed by Summer 2026.

Brunswick is investing $5 million in capital improvements at its Tennessee and Florida facilities to support the production transfers. The restructuring is expected to create more than 200 U.S. manufacturing jobs over the next several years.

"The decision to transition production out of Reynosa, Mexico which is primarily dedicated to manufacturing of our small, value fiberglass boats, follows our recent announcement that we have rationalized our value boat model portfolio and reflects evolving market dynamics," said Brenna Preisser, President of Brunswick Boat Group, in a press release.

Employees at the Flagler Beach facility will be offered opportunities to transfer to the Edgewater location as Boston Whaler consolidates its Florida production operations.

The company stated that these changes are designed to reduce fixed costs while maintaining capacity for future growth. Brunswick indicated it will work with local government agencies and economic development partners to support the transition.

Brunswick Corporation describes itself as the world’s largest marine technology company with approximately 14,500 employees operating in 26 countries. The company manufactures marine products under brands including Mercury Marine, Boston Whaler, Sea Ray, and Bayliner. With annual revenue of $5.1 billion and a market capitalization of $4.25 billion, Brunswick offers investors a steady 2.62% dividend yield. InvestingPro analysis reveals 8 additional key insights about Brunswick’s financial health and growth prospects, available to subscribers along with a comprehensive Pro Research Report.

In other recent news, Brunswick Corporation reported strong financial results for the second quarter of 2025. The company achieved earnings per share of $1.16, surpassing analyst expectations of $0.94. Additionally, Brunswick’s revenue reached $1.45 billion, exceeding the forecasted $1.24 billion. Despite these positive earnings and revenue results, the company’s stock experienced a decline in pre-market trading. Furthermore, Texas Capital Securities upgraded Brunswick from Hold to Buy, raising the price target to $80.00 from $55.00. This upgrade reflects the firm’s confidence in Brunswick’s potential to benefit from a recovery in consumer demand and a restart in OEM boat production within the recreational marine industry. These developments highlight the company’s current position and potential future growth within the industry.

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