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Miami Boat Show Drives Job Growth

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  • Description

    Brunswick Corp. CEO Dustan McCoy explains how South America and Asia are helping sales.

  • Duration 3:30
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And the folks -- now so but over 100000 -- I think it's unclear from all over the world they are expected to attend a Miami international boat show this weekend.

And hundreds of millions of dollars to send cents -- academy.

Cheryl Casone in Miami with more.

At this -- but plenty of votes haystack.

Lots about lots of buyers lots of money floating around Miami this weekend -- financially yes I mean -- there's one voting company really just one Brunswick this company.

The stock has been on its hair rising about 50% over the -- -- -- -- a new 52 week high yesterday.

Part of the reason is the dominant sitting next to me this is -- -- he -- the chairman and CEO Brunswick and USP is really love what you decent -- -- boats us.

But I do love this job they've being out here on the water with all of our great employees around this great product.

-- our our customers are great the consumers who buy this product truly different people.

They're very active today.

Learn to live life very well on product like this so I have the greatest talent.

You make this year right which is obviously is one of the most popular votes were on top of the -- -- right now as we stand tier one of the things you've been doing is changing.

The technology of the boats the joystick -- technology we're gonna test that out I think I'm gonna test about the next hour box business degree.

You tell me and he had a -- this thing right.

Okay but you know markets exited about about Brunswick is you've got that European exposure and once we -- the -- negotiations and many of your top customers shot there at their tax rates go up the top -- comers are you getting a sense from -- top buyers that their little bit nervous about how much they spend on.

A boat for 2013.

No absolutely not in fact the boating industry last year was up 10% -- states.

In our judgment is what's happened is the buyer who's taking the tax increase now knows what their life is going to be.

It's been settled the overhang of the fiscal cliff is over and none are ready to move on enjoy life.

All right talk to me about that again that international.

Clientele your your your your worldwide.

But makers see you -- are all over the world are there any international markets that you see as growth opportunities this year.

Yes we've had been nearly a -- growth in Brazil.

As an example we've opened up a -- -- plant in Brazil will be serving their crews -- market there to South America primarily Brazil -- a great market.

-- -- significant growth in Asia.

It is not just China it's the countries around China -- benefiting from China growth.

Sorry international activity has been moving very very well except for -- Europe was obviously a problem last year -- -- sales are down about fifty.

What things that we saw the kind of change that you Europe as have so many tax -- but the Italians now are taxing boat ownership.

There this 25% 35% the Italian market -- concern.

Not really we had some exposure to the Italian market -- where a US based company with about 20% of our -- sales.

Outside the US -- across Brunswick about 40% of our sales.

Outside the US but the Italian market's not been a problem what am I gonna pay for the -- by the way to -- aquae 26280000.

Dollar.

I got -- I got it does similar -- chairman CEO -- all right so about 252 to 60000 dollars -- actually this Boston really can be yours coming -- -- the next hour will attempt to drive this boat with a -- wish me -- back we have been warned -- they were notified -- because Baghdad.

Have to accept -- -- a bad acts and -- -- stuff all right.

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