Brunswick Corporation (BC) Business Model Canvas

Brunswick Corporation (BC): Modelo de Negócios Canvas [Jan-2025 Atualizado]

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Mergulhe no plano estratégico da Brunswick Corporation, uma potência em inovação marinha e de fitness que criou magistralmente um modelo de negócios transformando experiências recreativas em todo o mundo. Desde a fabricação de barcos de ponta a equipamentos de fitness de precisão, a abordagem abrangente de Brunswick revela uma estratégia dinâmica que integra perfeitamente as proezas tecnológicas, parcerias globais e soluções centradas no consumidor. Descubra como esse líder da indústria navega com paisagens complexas de mercado, oferecendo valor excepcional entre os domínios marítimos e de bem -estar por meio de uma estrutura de negócios meticulosamente projetada que define novos padrões em tecnologia recreativa e envolvimento do cliente.


Brunswick Corporation (BC) - Modelo de Negócios: Principais Parcerias

Alianças estratégicas com fabricantes de equipamentos marinhos

A Brunswick Corporation mantém parcerias estratégicas com vários fabricantes importantes de equipamentos marinhos:

Parceiro Detalhes da parceria Ano estabelecido
Mercury Marine Desenvolvimento de tecnologia de motores marinhos proprietários Subsidiária de propriedade desde 1961
Navico Integração de sistemas eletrônicos e de navegação marinha Adquirido em 2011
Garmin GPS marítimos e colaboração de tecnologia de navegação Parceria em andamento desde 2015

Parcerias com traficantes de barcos e distribuidores em todo o mundo

Brunswick mantém uma extensa rede global de revendedores:

  • Mais de 4.500 traficantes de barcos globalmente
  • Presença em 75 países
  • A rede de revendedores abrange as regiões da América do Norte, Europa, Ásia-Pacífico
Região Número de revendedores Cobertura de mercado
América do Norte 2.800 revendedores 62% da rede de revendedores globais
Europa 1.100 revendedores 24% da rede de revendedores globais
Ásia-Pacífico 600 revendedores 14% da rede de revendedores globais

Colaboração com empresas de tecnologia e inovação marítimas

Brunswick investe em parcerias de tecnologia:

  • Colaboração de pesquisa com o MIT Sea Grant
  • Parceria tecnológica com sistemas FLIR para tecnologias de detecção marítima
  • Aliança de Inovação com desenvolvedores de software marítimo

Joint ventures em mercados de equipamentos marítimos e de fitness recreativos

Investimentos de joint venture da Brunswick:

Parceiro de joint venture Valor de investimento Área de foco
Vida Fitness Investimento de US $ 85 milhões Tecnologia de equipamentos de fitness
Johnson ao ar livre Contrato de compartilhamento de tecnologia estratégica Equipamento recreativo marinho

Brunswick Corporation (BC) - Modelo de negócios: Atividades -chave

Design de barcos marinhos e fabricação

A Brunswick Corporation produziu 116.600 produtos marítimos em 2022. A Companhia opera instalações de fabricação nos Estados Unidos, incluindo locais no Tennessee, Flórida e Wisconsin.

Instalação de fabricação Localização Linha de produtos primária
Merrick Marine Center Knoxville, Tennessee Boston Whaler Boats
Planta de reynosa México Mercury Marine Motores
Facilidade Fond du Lac Wisconsin Mercury Marine Manufacturing

Produção e inovação de equipamentos de fitness

O segmento de fitness de Brunswick gerou US $ 516,8 milhões em receita em 2022. A empresa produz equipamentos de exercício em marcas como Nautilus e Bowflex.

  • Volume anual de produção de equipamentos de fitness: aproximadamente 750.000 unidades
  • Pesquisa e desenvolvimento Investimento em Tecnologia de Fitness: US $ 22,3 milhões em 2022

Pesquisa e desenvolvimento de tecnologias marinhas

Brunswick investiu US $ 146,4 milhões em pesquisa e desenvolvimento Durante o ano fiscal de 2022, com um foco significativo na inovação tecnológica marinha.

Área de foco em P&D Valor do investimento Desenvolvimento de tecnologia chave
Propulsão marinha US $ 62,1 milhões Tecnologias de motor elétrico e híbrido
Sistemas de navegação digital US $ 34,5 milhões Eletrônico marinho avançado

Marketing e vendas de produtos marinhos recreativos

O segmento marinho de Brunswick gerado US $ 5,2 bilhões em receita Em 2022, com uma estratégia global de marketing direcionada aos entusiastas da barco recreativa.

  • Número de redes de revendedores de produtos marinhos: 2.800 mais de revendedores globais
  • Canais de marketing: plataformas digitais, feiras marinhas, engajamento direto do consumidor

Serviços globais de distribuição e suporte ao cliente

Brunswick mantém uma rede de distribuição global abrangente em 89 países, com 12 centros de distribuição primários em todo o mundo.

Região Número de centros de distribuição Volume anual de distribuição
América do Norte 6 78.500 unidades marinhas
Europa 3 22.300 unidades marinhas
Ásia-Pacífico 3 15.800 unidades marinhas

Brunswick Corporation (BC) - Modelo de negócios: Recursos -chave

Instalações de fabricação avançadas

A Brunswick Corporation opera várias instalações de fabricação nos Estados Unidos, com os principais locais em:

Localização Tipo de instalação Produção primária
Merritt Island, Flórida Fabricação marinha Boston Whaler Boats
Stillwater, Oklahoma Produção de motores marinhos Mercury Marine Motores
Mettawa, Illinois Sede corporativa Gestão estratégica

Portfólio de propriedade intelectual

A Brunswick Corporation detém 387 patentes ativas A partir de 2023, com as principais áreas de foco, incluindo:

  • Tecnologias de propulsão marinha
  • Inovações de design de barcos
  • Sistemas de navegação marítima
  • Mecanismos de equipamentos de fitness

Equipes de engenharia e design qualificadas

Força de trabalho total de engenharia: 1.245 profissionais nas divisões marítimas e de fitness, com experiência média de 12,7 anos.

Divisão Equipe de engenharia Investimento em P&D (2023)
Tecnologias marinhas 782 US $ 87,3 milhões
Equipamento de fitness 463 US $ 42,6 milhões

Rede de distribuição global

Brunswick mantém uma infraestrutura abrangente de distribuição:

  • 3.200 localizações de concessionária mundialmente
  • Presença em Mais de 75 países
  • Rede que cobre segmentos de produtos marinhos e fitness

Reputação da marca

Métricas de valor da marca de Brunswick:

Marca Reconhecimento de mercado Participação de mercado global
Mercury Marine 82% de reconhecimento da indústria marinha 35,6% do mercado global de motores marítimos
Boston Whaler Reconhecimento de segmento de barco premium de 76% 22,4% de mercado de barcos de ponta

Brunswick Corporation (BC) - Modelo de Negócios: Proposições de Valor

Navios marinhos recreativos de alta qualidade

A Brunswick Corporation produz embarcações marinhas em várias marcas com posicionamento de mercado específico:

Marca Tipo de embarcação Volume anual de produção Faixa de preço médio
Boston Whaler Barcos de pesca offshore 12.500 unidades $75,000 - $250,000
Bayliner Barcos recreativos 8.700 unidades $30,000 - $125,000
Raio marinho Barcos esportivos de luxo 6.300 unidades $100,000 - $500,000

Soluções inovadoras de equipamentos marinhos e fitness

A estratégia de inovação de Brunswick se concentra em avanços tecnológicos:

  • Sistemas de propulsão marinha de Mercury com integração digital
  • Tecnologias avançadas de navegação de barcos
  • Eletrônico marinho conectado

Experiência premium do cliente e confiabilidade do produto

Brunswick mantém altas métricas de satisfação do cliente:

Métrica Desempenho
Taxa de satisfação do cliente 87.5%
Taxa de reivindicação de garantia 2.3%
Taxa de retorno do produto 1.7%

Gama abrangente de barcos e tecnologias marítimas

Brunswick oferece diversas categorias de produtos marinhos:

  • Barcos de pesca
  • Barcos recreativos
  • Soluções marinhas comerciais
  • Motores marinhos e sistemas de propulsão

As linhas de fitness e produtos marítimos orientados por desempenho

O segmento de fitness de Brunswick inclui:

Marca Categoria de produto Receita anual
Vida Fitness Equipamento de fitness comercial US $ 850 milhões
Força do martelo Treinamento de força profissional US $ 275 milhões

Brunswick Corporation (BC) - Modelo de Negócios: Relacionamentos do Cliente

Vendas diretas através de redes de revendedores

A Brunswick Corporation opera com mais de 1.300 revendedores marítimos em toda a América do Norte. Em 2022, a empresa registrou US $ 5,9 bilhões em receita do segmento marítimo. As vendas de redes de revendedores representaram aproximadamente 78% do total de transações de produtos marítimos.

Métricas de rede de revendedores 2022 dados
Total de revendedores 1,300+
Receita do segmento marítimo US $ 5,9 bilhões
Porcentagem de vendas de rede de revendedores 78%

Plataformas de suporte ao cliente online

Brunswick mantém plataformas de suporte ao cliente digital em várias marcas, incluindo Mercury Marine e Boston Whaler. A empresa investiu US $ 47 milhões em infraestrutura digital em 2022.

  • Suporte técnico online 24/7
  • Sistemas de registro de produtos digitais
  • Portal de gerenciamento de reivindica de garantia

Serviços personalizados de consulta de produtos

A Brunswick oferece serviços de consulta especializados nos segmentos marítimos e de fitness, com representantes de vendas dedicados gerenciando interações de clientes de alto valor.

Categoria de serviço de consulta Volume anual de engajamento
Consultas de produtos marinhos 12,500+
Consultas de equipamentos de fitness 8,700+

Programas de lealdade e garantia do cliente

Brunswick fornece cobertura abrangente de garantia através das linhas de produtos. Em 2022, as despesas de garantia totalizaram US $ 213 milhões, representando 3,6% da receita total.

  • Garantia limitada de 3 anos da Mercury Marine
  • Planos de proteção estendidos da marca de barco
  • Apoio técnico da vida útil do equipamento de fitness

Engajamento através de comunidades marinhas e fitness

Brunswick envolve ativamente os clientes por meio de plataformas de comunidade digital e física, com mais de 250.000 membros ativos da comunidade nos segmentos marítimos e de fitness.

Canais de engajamento da comunidade Contagem de membros
Fóruns marinhos online 175,000
Plataformas comunitárias de fitness 75,000

Brunswick Corporation (BC) - Modelo de Negócios: Canais

Traficantes autorizados de barco e equipamentos marítimos

A Brunswick Corporation opera com mais de 1.300 revendedores marinhos autorizados em toda a América do Norte. Em 2023, esses revendedores representaram 78% da rede de distribuição de produtos marinhos da empresa.

Tipo de revendedor Número de revendedores Cobertura geográfica
Revendedores de barcos 890 Estados Unidos
Revendedores de equipamentos marítimos 410 América do Norte

Plataformas de vendas on -line diretas

Os canais de vendas digitais de Brunswick geraram US $ 247 milhões em receita em 2023, representando 12% do total de vendas de produtos marítimos.

  • Site oficial do produto Brunswick Marine
  • Mercury Marine Online Store
  • Plataformas de comércio eletrônico específicas da marca

Lojas de varejo marítimas e esportivas

Os produtos Brunswick estão disponíveis em 425 locais especializados em varejo marítimo e esportivo nos Estados Unidos e no Canadá.

Canal de varejo Número de lojas Vendas médias anuais por loja
Bass Pro Shops 175 $385,000
West Marine 250 $275,000

Feiras e eventos da indústria marinha

Brunswick participa de 18 principais feiras da indústria marítima anualmente, com um investimento estimado em marketing de US $ 3,2 milhões em 2023.

  • Show de barcos internacionais de Miami
  • Show International Boat International Fort Lauderdale
  • Show de barco de Nova York

Canais de marketing digital e comércio eletrônico

O orçamento de marketing digital de Brunswick atingiu US $ 12,5 milhões em 2023, com foco na publicidade on -line direcionada e no engajamento de mídia social.

Canal digital Seguidores/assinantes Taxa de engajamento
Instagram 215,000 4.3%
Facebook 345,000 3.7%

Brunswick Corporation (BC) - Modelo de negócios: segmentos de clientes

Entusiastas de barco recreativo

Tamanho do mercado: 87,9 milhões de americanos participam de barco recreativo a partir de 2022.

Características do segmento Dados da população
Total de velejadores recreativos 87,9 milhões
Propriedade média do barco 11,88 milhões de barcos
Compras anuais de barco 272.000 novos barcos vendidos em 2022

Profissionais profissionais da indústria marinha

Força de trabalho total da indústria marinha: 649.000 funcionários nos Estados Unidos.

  • Profissionais de pesca comercial
  • Cientistas de pesquisa marinha
  • Trabalhadores de transporte marítimo
  • Técnicos de equipamentos marinhos

Consumidores de fitness e bem -estar

Receita do segmento de fitness de Brunswick: US $ 497,3 milhões em 2022.

Métricas do segmento de fitness Valor
Receita total US $ 497,3 milhões
Participação de mercado em equipamentos de fitness 8.2%

Compradores de equipamentos marinhos

Tamanho do mercado de equipamentos marítimos: US $ 16,5 bilhões em 2022.

  • Compradores comerciais de equipamentos marítimos
  • Compradores de equipamentos marinhos recreativos
  • Compras de equipamentos marítimos do governo

Consumidores de produtos marinhos de ponta

Valor de mercado de barco de luxo: US $ 8,3 bilhões globalmente em 2022.

Segmento marinho de luxo Estatística
Valor de mercado global US $ 8,3 bilhões
Preço médio de barco de luxo $ 250.000 - US $ 1,5 milhão
Vendas anuais de barcos de luxo 3.750 unidades

Brunswick Corporation (BC) - Modelo de negócios: estrutura de custos

Despesas de fabricação e produção

As despesas de fabricação e produção da Brunswick Corporation para o ano fiscal de 2022 totalizaram US $ 1.987.300.000. A empresa opera várias instalações de fabricação nos Estados Unidos, com os principais locais de produção no Tennessee, Missouri e Arizona.

Categoria de fabricação Custo anual (USD)
Produção de motores marinhos $762,500,000
Fabricação de barcos $589,300,000
Produção de equipamentos de fitness $435,500,000

Investimentos de pesquisa e desenvolvimento

A Brunswick Corporation investiu US $ 258.700.000 em pesquisa e desenvolvimento Para o ano fiscal de 2022, representando 4,7% da receita total da empresa.

  • Pesquisa de tecnologia marinha: US $ 112.500.000
  • Projeto de barco Inovação: US $ 86.200.000
  • Desenvolvimento da tecnologia do motor: US $ 60.000.000

Custos operacionais de marketing e vendas

As despesas de marketing e vendas da Brunswick Corporation em 2022 totalizaram US $ 412.600.000.

Canal de marketing Despesas anuais (USD)
Marketing digital $87,300,000
Participação na feira $45,200,000
Publicidade tradicional $68,500,000

Cadeia de suprimentos e gerenciamento de distribuição

A cadeia de suprimentos e os custos de distribuição da Brunswick Corporation em 2022 foram de US $ 345.900.000.

  • Logística e transporte: US $ 156.700.000
  • Operações de armazém: US $ 98.300.000
  • Gerenciamento de inventário: US $ 90.900.000

Força de trabalho global e aquisição de talentos

A força de trabalho total e as despesas relacionadas a talentos da Brunswick Corporation em 2022 atingiram US $ 624.500.000.

Categoria de despesa da força de trabalho Custo anual (USD)
Salários e salários $489,700,000
Benefícios dos funcionários $87,300,000
Recrutamento e treinamento $47,500,000

Brunswick Corporation (BC) - Modelo de negócios: fluxos de receita

Vendas de barcos marinhos

Em 2022, a Brunswick Corporation registrou receita de vendas de barcos marítimos de US $ 6,24 bilhões. O segmento marítimo da empresa inclui marcas como Boston Whaler, Bayliner, Sea Ray e Mastercraft.

Marca Contribuição da receita (2022)
Boston Whaler US $ 1,42 bilhão
Raio marinho US $ 1,15 bilhão
Bayliner US $ 870 milhões

Vendas de equipamentos de fitness

O segmento de fitness de Brunswick gerou receita de US $ 521 milhões em 2022 por meio de marcas como Life Fitness e Hammer Fornt.

Marca de fitness 2022 VENDAS
Vida Fitness US $ 378 milhões
Força do martelo US $ 143 milhões

Peças de reposição e acessórios

A Brunswick gerou US $ 412 milhões em vendas de peças e acessórios de pós -venda em 2022.

  • Peças marinhas: US $ 276 milhões
  • Peças de equipamentos de fitness: US $ 136 milhões

Contratos de serviço e manutenção

A receita de serviço e manutenção totalizou US $ 287 milhões em 2022.

Categoria de serviço Receita
Contratos de serviço marítimo US $ 198 milhões
Manutenção de equipamentos de fitness US $ 89 milhões

Licenciamento e parcerias de tecnologia marinha

O licenciamento de tecnologia e as parcerias geraram US $ 64 milhões em receita para Brunswick em 2022.

  • Licenciamento de tecnologia de navegação marinha: US $ 42 milhões
  • Parcerias de tecnologia estratégica: US $ 22 milhões

Brunswick Corporation (BC) - Canvas Business Model: Value Propositions

Integrated, high-performance marine propulsion systems (Mercury Marine)

Mercury Marine continues to solidify its market leadership, securing a new record outboard share of 61% of all outboard engines displayed at the 2025 Fort Lauderdale International Boat Show, and an even higher 76% share of engines in the on-water portion of that show. Mercury Marine, which is part of the Propulsion segment, reported net sales of $535.4M for the third quarter of 2025. Mercury's outboard engine lineup gained over 300 basis points of U.S. retail share in outboards over 300 horsepower in the second quarter of 2025. Furthermore, at early-season trade shows in early 2025, Mercury Marine maintained dominance in Europe with a 55% share of outboards across the Dusseldorf Boat Show, and held nearly 50% share of outboards on display in New York. The overall Propulsion segment sales grew over the prior year in the third quarter of 2025. The company is focused on vertical integration, exemplified by the debut of the SIMRAD AutoCaptain autonomous piloting system, designed in collaboration with Mercury Marine and the Brunswick Boat Group.

Premium and core boat brands known for quality and reliability (Boston Whaler, Sea Ray)

The boat segment delivered growth in both revenue and adjusted operating margin over the third quarter of 2024. At the 2025 Fort Lauderdale International Boat Show, combined unit sales for Boston Whaler, Sea Ray, and Navan were up 6%, with revenue increasing 15% compared with the 2024 Show. The company confirmed its full-year 2025 net sales guidance to be approximately $5.2 billion. The boat business saw revenue growth in the third quarter of 2025, with premium brands performing well. The Boat segment reported net sales of $360.2M for the third quarter ended September 27, 2025. The company is executing a strategic rationalization of its fiberglass boat manufacturing footprint to consolidate production and reduce fixed costs.

Simplified, safer boating through 'Boating Intelligence' and autonomous docking systems

Technological integration is a clear value driver, highlighted by the recent debut of the SIMRAD AutoCaptain autonomous boating system at the IBEX trade show. This system was successfully demonstrated in maneuvering and docking scenarios to many interested original equipment manufacturers (OEMs) and media representatives in late 2025. Technology from Navico Group, which includes brands like Simrad, was featured in over 80% of displayed boats at the Dusseldorf Boat Show in early 2025. The Navico Group segment reported net sales of $186.9M in the third quarter of 2025, showing modest sales growth led by marine electronics product lines.

Affordable, flexible access to boating via the Freedom Boat Club shared model

The Freedom Boat Club (FBC) model provides a recurring revenue stream that cushions against new-build market volatility. FBC surpassed 600,000 member boating trips in 2024, marking the second consecutive year achieving this milestone across its 400+ locations in North America, Europe, and Australia. As of the 2023 annual report, Freedom Boat Club had nearly 60,000 memberships. The recurring revenue businesses, which include FBC sales, contributed nearly 60% of the company's second-quarter 2025 adjusted operating earnings. The company is continuing its expansion, having grown from 170 locations in 2019 to over 415 locations by late 2024 through organic growth and acquisitions.

Comprehensive aftermarket support and recurring revenue parts business

The aftermarket and recurring revenue streams are a profitable pillar for Brunswick Corporation. Sales of accessories and spare parts rose 8% in the third quarter of 2025, driven by aftermarket sales and distribution channel performance. The Engine Parts & Accessories segment posted net sales of $363.7M in the third quarter of 2025. The company's focus on these businesses is evident as recurring revenue segments contributed nearly 60% of the second-quarter 2025 adjusted operating earnings. Brunswick Corporation has an increased full-year 2025 free cash flow guidance to greater than $425 million, supported by these stable revenue sources.

Here's the quick math on the segment breakdown for the third quarter of 2025:

Segment Net Sales (Q3 2025)
Propulsion $535.4M
Engine Parts & Accessories $363.7M
Boat segment $360.2M
Navico Group $186.9M

What this estimate hides is that total consolidated revenue for the third quarter of 2025 was $1.360B, representing a 6.8% increase from the third quarter of 2024. The full-year 2025 net sales forecast remains approximately $5.2 billion.

You're looking at a company that is clearly prioritizing its high-margin, recurring revenue businesses to stabilize performance in a volatile new-build market. Finance: draft 13-week cash view by Friday.

Brunswick Corporation (BC) - Canvas Business Model: Customer Relationships

Dedicated dealer support and training for complex products

  • Dealer network contributed to Mercury Marine achieving 55% outboard share for engines of 150hp+ at the Dusseldorf Boat Show 2025.
  • Dealer network contributed to Mercury Marine achieving 61% outboard share at the 2025 Fort Lauderdale International Boat Show.

Personalized digital engagement via connected boat technologies

  • Navico Group technology was featured in over 80% of displayed boats at the Dusseldorf Boat Show 2025.
  • The company launched its 'Boating Intelligence' initiative at the 2025 Consumer Electronics Show (CES) to enhance its ACES (Autonomous, Connected, Electrified, and Shared) strategy.
  • The SIMRAD AutoCaptain autonomous boating system was demonstrated at the 2025 IBEX trade show.

Subscription-based, high-touch service model for Freedom Boat Club members

The Freedom Boat Club model contributes significantly to Brunswick Corporation's recurring revenue base, which accounted for almost 60% of adjusted operating income in Q1 2025. The company has a stated goal for recurring revenue businesses to exceed 50% of total company earnings by 2025. Freedom Boat Club expanded its global reach, including signing its first Middle East franchisee in Dubai. In Q2 2025, Freedom Boat Club contributed approximately 12% of the Boat segment sales.

Metric Value Period/Context
Memberships (Historical Benchmark) Over 50,000 As of June 2022
Global Locations (Historical Benchmark) 360 As of June 2022

Transactional sales for parts and accessories (P&A) aftermarket

The Engine Parts & Accessories segment is a key recurring revenue pillar. Sales in this area saw growth in Q3 2025, rising by 8% over the quarter, driven by aftermarket sales.

Segment Net Sales Amount Period
Engine Parts & Accessories $363.7M Third Quarter 2025
Engine Parts & Accessories Sales Growth 1% increase Second Quarter 2025 vs. prior year
Navico Group Net Sales $186.9M Third Quarter 2025

Brand loyalty programs for premium boat owners (Boston Whaler, Sea Ray)

Demand for premium products showed relative strength later in the 2025 season. At the 2025 Fort Lauderdale International Boat Show, combined unit sales for Boston Whaler, Sea Ray, and Navan were up 6%, with revenue increasing 15% compared to the 2024 Show.

  • Sea Ray Boats surpassed its 2024 record unit sales total by more than 20% at the Dusseldorf Boat Show 2025.

Brunswick Corporation (BC) - Canvas Business Model: Channels

You're looking at how Brunswick Corporation moves its products and services to the customer base as of late 2025. It's a multi-pronged approach, blending traditional dealer networks with significant recurring revenue streams and direct sales efforts.

Global network of independent marine dealers and distributors

Brunswick Corporation supports its boat sales through a vast network, though the exact number of independent marine dealers isn't explicitly stated in the latest reports. The health of this channel is reflected in wholesale shipment performance. For instance, in the second quarter of 2025, U.S. wholesale shipments were down 11% compared to the prior year, resulting in an 11% reduction in U.S. pipelines, or over 1,200 fewer units versus last year, as the company managed inventory levels.

Direct-to-consumer model through Freedom Boat Club and Boateka (used boats)

The shared-access and used boat businesses are a major channel focus, providing recurring revenue stability. Freedom Boat Club, the boat-sharing network, had over 440 locations worldwide as of the third quarter of 2025. This recurring revenue model is strategically important; in the first quarter of 2025, recurring revenue segments, including Freedom Boat Club sales, accounted for almost 60% of adjusted operating income. For context on its scale relative to the whole, Freedom Boat Club accounted for around 11% of total sales in the first quarter of 2025.

  • Freedom Boat Club locations worldwide: over 440 as of Q3 2025.
  • Recurring revenue contribution to adjusted operating income (Q1 2025): almost 60%.
  • Freedom Boat Club share of total sales (Q1 2025): around 11%.

Wholesale shipments to Original Equipment Manufacturers (OEMs) for propulsion sales

For the Mercury Marine propulsion business, the OEM channel remains critical. In the third quarter of 2025, the Propulsion division reported a 10% increase in sales, which was explicitly driven by stable demand from OEMs. Shipments to U.S. OEM customers in the second quarter of 2025 were reported as outpacing expectations despite overall market conditions.

Digital platforms and marine trade shows (e.g., Fort Lauderdale International Boat Show)

Trade shows serve as key physical channels for showcasing new products and securing dealer/OEM interest. The 2025 Fort Lauderdale International Boat Show showed strong performance for premium brands. At that event, combined unit sales for Boston Whaler, Sea Ray, and Navan were up 6% and revenue increased 15% compared with the 2024 Show. Mercury Marine demonstrated strong market penetration at this show:

Metric 2025 FLIBS Result
Mercury Outboard Share (All Engines) 61%
Mercury Outboard Share (On-Water Portion) 76%

Earlier in the year, at the Dusseldorf Boat Show, Sea Ray Boats achieved record unit sales, surpassing the 2024 record by more than 20 percent. Mercury Marine also secured a 55 percent share of outboards across the Dusseldorf show.

Retail distribution for Parts & Accessories via Land 'N' Sea

The Parts & Accessories segment utilizes distribution channels like Land 'N' Sea to reach the aftermarket. This channel proved resilient; in the third quarter of 2025, Accessories and spare parts sales rose by 8%, supported by distribution channel performance. The Engine Parts & Accessories segment recorded net sales of $363.7M in the third quarter of 2025. Specifically, the distribution business within that segment saw sales up 4% compared to the second quarter of 2024.

Here's a quick look at some key segment sales figures that flow through these channels in Q3 2025:

Segment Q3 2025 Net Sales
Propulsion Net Sales $535.4M
Engine Parts & Accessories Net Sales $363.7M
Navico Group Segment Net Sales $186.9M
Boat Segment Net Sales $360.2M

Finance: draft 13-week cash view by Friday.

Brunswick Corporation (BC) - Canvas Business Model: Customer Segments

You're looking at the diverse groups Brunswick Corporation serves, which is key to understanding their $\$5.2$ billion full-year 2025 net sales guidance. The customer base is split between direct consumers, members of their shared-access model, and business partners like other manufacturers.

The financial results from the third quarter of 2025 show how these segments translate to revenue. Total consolidated net sales for Q3 2025 were $\$1,360.2$ million.

Here's a breakdown of the net sales by segment in Q3 2025, which directly reflects the revenue generated from these customer groups:

Segment Q3 2025 Net Sales (Millions USD) Relevant Customer Segments
Propulsion $\$535.4$ Commercial operators (via engine sales), Independent service centers (via parts/repairs)
Engine Parts & Accessories $\$363.7$ Independent service centers, Boat OEMs (for parts/accessories)
Navico Group $\$186.9$ Boat OEMs (for electronics integration), High-net-worth individuals (via aftermarket electronics)
Boat $\$360.2$ Recreational boaters, High-net-worth individuals

The recreational boater segment is served both through direct boat sales and the Freedom Boat Club (FBC) model. FBC, which had over 400+ locations across North America, Europe, and Australia as of early 2025, is a significant part of the recurring revenue base. In the first quarter of 2025, Freedom Boat Club sales accounted for around 11% of Brunswick Corporation's total sales.

For high-net-worth individuals and general recreational boaters purchasing new vessels, the performance of premium brands is a key indicator. At the 2025 Fort Lauderdale International Boat Show, combined unit sales for premium brands like Boston Whaler, Sea Ray, and Navan were up 6% compared to the 2024 Show.

The customer segment comprising commercial operators and other boat OEMs is heavily served by the Propulsion and Navico Group segments. Mercury Marine, a key part of the Propulsion segment, is a dominant supplier. As of Q3 2025 results, Mercury had consolidated a market share of almost 50% in outboard motors in the United States. Furthermore, strong demand from U.S. OEMs contributed to the Propulsion segment seeing a 7% increase in sales in the second quarter of 2025.

The customer base also includes independent marine service centers and other boat OEMs who purchase components. The Engine Parts & Accessories segment, which serves these entities, posted net sales of $\$363.7$ million in Q3 2025.

The overall customer engagement is supported by the ACES strategy (autonomy, connectivity, electrification, and shared access), which aims to elevate the user experience across these varied groups.

  • Recreational boaters: Served by the Boat segment and FBC.
  • High-net-worth individuals: Target for premium, large boat models.
  • Commercial operators/Government agencies: Engine and electronics purchasers.
  • Boat-share members: Access through the FBC model.
  • Independent marine service centers/other OEMs: Buyers of Mercury engines and Navico electronics.

The company confirmed its 2025 full-year guidance for as-adjusted diluted EPS of approximately $\$3.25.

Finance: draft 13-week cash view by Friday.

Brunswick Corporation (BC) - Canvas Business Model: Cost Structure

You're looking at the core costs driving Brunswick Corporation's operations through the first three quarters of 2025. The structure is heavily weighted toward making and selling high-value marine products, plus significant investment in future technology.

The most significant cost component is the Cost of Goods Sold (COGS) tied to manufacturing engines, parts, and boats. While the exact COGS figure isn't explicitly broken out in the latest releases, we see the scale of the business through sales. For the second quarter of 2025, consolidated net sales hit $1,447.0 million, and total net sales for the first half of 2025 reached $2,808.9 million. This high volume of physical goods production means COGS is naturally the largest cost block. Furthermore, cost pressures remain, with management noting that less than 5% of COGS was potentially subject to new tariff expenses of $20 million to $30 million for 2025, on top of $30 million in Section 301 tariffs already factored in.

Investment in the future, particularly around ACES (Advanced Connected, Electric, Autonomous, Shared) and electrification, requires a high Research & Development (R&D) spend. Honestly, the absolute R&D dollar amount for the first half of 2025 isn't detailed in the recent summaries, but we do know that Research and development expense decreased in the first half of 2025 versus the same period in 2024. This suggests a shift in focus or perhaps the completion of certain large projects, but the strategic commitment to these areas remains a key cost driver.

Capital expenditures (CapEx) for 2025 totaled $82.6 million in the first half. This investment supports the ongoing operational base, including the manufacturing footprint improvements mentioned later.

Selling, General, and Administrative (SG&A) expenses cover the overhead of running a global enterprise, including marketing the many brands and supporting the Freedom Boat Club operations. For the three months ended June 28, 2025, SG&A was $216.6 million. For the first six months of 2025, these expenses totaled $424.6 million.

Costs associated with strategic manufacturing rationalization and restructuring are a necessary, though non-recurring, part of optimizing the cost structure. For the three months ended June 28, 2025, total restructuring, exit, and impairment charges recorded were $8.0 million. For the first six months of 2025, these charges amounted to $9.1 million, which is a reduction from the $21.4 million recorded in the first six months of 2024. These costs reflect actions like the announced strategic rationalization of the fiberglass boat manufacturing footprint, which involves exiting facilities in Reynosa, Mexico, and Flagler Beach, Florida, by mid-2026 to consolidate production.

Here's a quick look at the reported period costs:

Cost Category Period Ended June 28, 2025 (3 Months) Period Ended June 28, 2025 (6 Months)
Selling, General, and Administrative Expense $216.6 million $424.6 million
Restructuring, Exit and Impairment Charges (Total) $8.0 million $9.1 million
Restructuring, Exit and Impairment Charges (Prior Year 6 Months) N/A $21.4 million (vs. June 29, 2024)

The breakdown of the three-month restructuring charge was:

  • Employee termination and other benefits: $7.2 million total
  • Asset-related: $0.4 million
  • Professional fees: $0.4 million

The company is actively managing these costs while maintaining liquidity, reporting $1.3 billion in liquidity at the end of Q2 2025. Finance: draft 13-week cash view by Friday.

Brunswick Corporation (BC) - Canvas Business Model: Revenue Streams

You're looking at how Brunswick Corporation brings in the money, and as of late 2025, the picture is anchored by a clear revenue guidance, even with some market softness.

Brunswick Corporation confirmed its full-year 2025 net sales guidance is approximately $5.2 billion. This top-line expectation reflects a balanced portfolio that relies on both large transactional sales and more predictable, recurring streams.

The Sale of Marine Propulsion products (Mercury engines) remains a cornerstone. This segment, which includes outboards, sterndrive, and related controls and propellers, is a major driver. For instance, in the third quarter of 2025, Propulsion segment net sales hit $535.4 million. To give you a sense of competitive strength, Mercury Outboard Engine Share gained over 300 basis points in U.S. retail share for engines over 300 horsepower in the second quarter of 2025.

Next up is the Sale of Boats (Sea Ray, Boston Whaler, Lund). This is the traditional, high-ticket revenue source. In the third quarter of 2025, the Boat segment recorded net sales of $360.2 million. Honestly, premium brands are holding up better than some of the value categories, but the company is actively managing field inventory.

You can't ignore the Recurring revenue from Engine Parts & Accessories and Navico Group aftermarket sales. This is where the business shows its resilience against volatile new-build markets. In the third quarter of 2025 alone, Engine Parts & Accessories segment net sales were $363.7 million, and Navico Group segment net sales were $186.9 million. To be fair, these recurring activities are strategically important; in the third quarter of 2025, recurring revenue activities accounted for over 60% of the Group's adjusted operating income.

The Subscription and membership fees from Freedom Boat Club represent the high-growth recurring model. This segment continues to expand its footprint, which directly translates to membership revenue. As of the third quarter of 2025, Freedom Boat Club operates a network of over 440 locations worldwide. This model is designed to lock in customers and provide a steady revenue base.

Here's a quick look at how the major revenue components stacked up in the third quarter of 2025, based on reported segment net sales:

Revenue Source Q3 2025 Net Sales (Millions USD)
Propulsion $535.4
Engine Parts & Accessories $363.7
Boat Segment $360.2
Navico Group $186.9

The performance across these streams in recent quarters shows some clear trends you should track:

  • Propulsion segment sales grew 7% in Q2 2025, driven by U.S. OEM orders.
  • Engine parts and accessories sales increased 1% year-over-year in Q2 2025.
  • Navico Group segment sales saw a 4% decrease in Q2 2025.
  • Boat segment sales declined 7% in Q2 2025 due to cautious dealer ordering.

Finance: draft 13-week cash view by Friday.


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