Posts Tagged ‘bayliner parts’
Bayliner Brunswick Corp Stock on Rise
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In a burst of trading over the last week, Brunswick Corp.’s shares have soared almost 50 percent to a new 52-week high of $15.89 a share.
A presentation by Brunswick chief executive Dustan McCoy at a Raymond James investment conference this week helped ignite a fresh rally in the shares Wednesday, prodded along by Rochdale Securities analyst Hayley Wolff, who issued a note saying dealer inventories are historically low, according to a report by Chicago Breaking Business News.
“The Bayliner boat market continues along the road to recovery, particularly on the wholesale side,” Wolff wrote after a meeting with Brunswick management. “While retail sales remain in negative territory, retailers … must increase orders.”
Brunswick who manufacture Bayliner, stock stood at $15.35 in early morning trading.
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Bayliner Ciera Sunbridge 2150
$3,000.00 |
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19 Bayliner Cuddy Boat as is
$1.00 |
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1989 Ski Challenger Inboard boat
$3,200.00 |
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BAYLINER FORCE OMC CHRYSLER VOLVO PENTA MANUALS
$0.99 |
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1994 Bayliner Ciera 2655 Sunbridge - Project - Solid
$1.00 |
Brunswick Bayliner Annual Report
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Brunswick Corp who own Bayliner Boats primary focus was on liquidity last year, and in 2010, the company intends to focus on generating positive cash flow and performing better than the market in each of its business segments, according to its annual report filed with the Securities and Exchange Commission.
“In the longer term, Brunswick’s strategy is to introduce the highest quality products with the most innovative technology and styling at a rate faster than its competitors; to distribute products through a model that benefits its partners – dealers and distributors – and provides world-class service to its customers; to develop and maintain low-cost manufacturing processes and to continually improve productivity and efficiency; to manufacture and distribute products globally with local and regional styling; and to attract and retain skilled and knowledgeable people,” the company said.
The report also said:
- The marine engine segment had net sales of $1.43 billion in 2009. The company believes its marine engine segment has the largest dollar sales volume of recreational marine engines in the world.
- The boat group had net sales of $615.7 million during 2009, which Brunswick says is the largest dollar sales and unit volume of pleasure boats in the world.
- The boat group’s products are sold through a global network of approximately 1,750 dealers and distributors, each of which carries one or more of Brunswick’s boat brands. Sales to the largest dealer, MarineMax, represented approximately 16 percent of boat group sales in 2009.
- Brunswick Financial Services Corp. has a 49 percent ownership interest in a joint venture, Brunswick Acceptance Company. CDF Ventures, a subsidiary of GE Capital Corp., owns the remaining 51 percent of the joint venture. Under the terms of the joint venture agreement, BAC provides secured wholesale floorplan financing to the company’s engine and boat dealers. The term of the BAC joint venture extends through June 30, 2014.
- Boat segment sales comprised approximately 23 percent of Brunswick’s non-U.S. sales in 2009. The boat group’s products are manufactured or assembled in the United States, Canada, China, Mexico, Poland, Portugal and the United Kingdom, and are sold worldwide through dealers. The Boat Group has sales offices in France, Mexico and the Netherlands.
- Research and development expenses as a percentage of net sales was 3.2 percent, 2.6 percent and 2.4 percent in 2009, 2008 and 2007, respectively.
Bayliner Parts – 1985 Bayliner Ciera
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I HAVE A LOT OF BAYLINER PARTS…THE BOW RAIL AND SPRIT IS SOLD…STILL HAVE REBUILDABLE 5.0 260A PENTA BLOCK, HEADS AND INTAKE W/ OIL PAN, 1- GOOD AQ EXHAUST MANIFOLD AND 4- GOOD RIZER TOPS, HEAT EXCHANGER W/ EXPANSION TANK, 280 LEG AND PARTS, THE SKEG ON THE LEG IS IN REALLY NICE SHAPE, TRIM TABS, HAVE WINDSHIELD, COCKPIT COVER COMPLETE HEAD SETUP, 2 SINKS ORIGO 4000 ALCHOHOL STOVE 2-BURNER, COMPLETE BREAKER STYLE SHORE POWER SETUP, CUSHONS, PORTHOLES AND MUCH MORE,
CALL KEITH@ 575-910-6560 CELL
- Location: Acushnet, Ma.
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Brunswick Reports 4Q Results
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Brunswick Corp. who manufacture Bayliner Boats today reported a 22-percent drop in net sales for the fourth quarter of 2009, including a 38-percent decrease in net sales in the boat segment.
Pipeline reduction and inventory management strategies led to significantly lower dealer inventory levels and company cash flow benefits, while having a negative impact on revenue and earnings, the company said.
Brunswick exited 2009 with more cash on hand, a stronger dealer network with lower inventory levels and “a leaner company with a significantly lower cost structure,” chairman and CEO Dustan McCoy said this morning in a conference call with analysts.
Brunswick reported net sales of $657.3 million for the quarter, down from $837.7 million in the year-ago quarter: a net loss of $124.0 million, or $1.40 per diluted share, compared with a net loss of $66.3 million, or 75 cents per diluted share for the fourth quarter of 2008.
Cash totaled $526.6 million, up from the 2008 year-end balance of $317.5 million.
At midday, Brunswick stock was trading at $11.31 per share, down from an open of $12.31 per share. Its 52-week high and low are $13.90 and $2.06 respectively.
“The factors that negatively affected our revenues and earnings in the fourth quarter of 2009, compared to the previous year, included: lower overall unit sales levels across the company; higher discounts to facilitate retail boat sales, particularly of older boat models; and a reversal of variable compensation and defined contribution retirement accruals that benefited the fourth quarter of 2008,” McCoy said.
For the year ended Dec. 31, 2009, the company reported net sales of approximately $2.77 billion, down from approximately $4.70 billion a year earlier.
For 2009 the company reported a net loss of $586.2 million, or $6.63 per diluted share, as compared with a net loss of $788.1 million, or $8.93 per diluted share, for 2008.
The boat segment, which includes 17 boat brands, reported net sales of $153.4 million for the fourth quarter of 2009, down 38 percent compared with $248.0 million in the fourth quarter of 2008. For the fourth quarter of 2009, the boat segment reported an operating loss of $131.6 million.
The marine engine segment reported net sales of $302.4 million in the fourth quarter of 2009, down 11 percent from $340.2 million in the year-ago fourth quarter. For the quarter, the marine engine segment reported an operating loss of $59.4 million, including restructuring charges of $8.2 million. This compares with an operating loss of $12.9 million in the year-ago quarter.
Boat manufacturing facilities began to ramp up production during the quarter to address inventory requirements of dealers, although production levels remained below the prior year quarter.
“Although our plans reflect a modest reduction in retail marine demand, our boat facilities will gradually increase wholesale shipments throughout the year because dealer inventories are at historically low levels,” McCoy said. “The increase in wholesale boat shipments will require us to raise production rates throughout the year.
Brunswick reduced the number of units sold to dealers by 20 percent in the fourth quarter versus last year, and by nearly 55 percent for the year, McCoy said. The quarter ended with 26 weeks of product in the pipeline, compared to 34 weeks in the previous quarter.
Also, he noted, while the demand fell, the decline was not as sharp as in previous quarters.
McCoy said the company’s dealer network is healthy, with the number of dealers down less than 1 percent at the end of 2009.
“We’re comfortable with our dealer network,” he said. “We think it’s becoming a competitive advantage.”
