Brunswick CEO: Stock has plenty of room to run

In an interview on CNBC’s Mad Money, David Foulkes, CEO of Brunswick (NYSE:BC) said that they has hired more than 1,000 people over the past few months to keep up with production.

Season has really expanded and sales are up significantly since last year with rising production. 3Q19 sales were $1.29B and FY19 sales were $4.1B.

More women than ever are registering for boats and the average age of the boat buyer has dropped, he said.

“Our cash generation has been strong and the stock has plenty of room to run,” Foulkes noted. “People are entering in all areas of the portfolio.”


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