BRUSWCK : Brunswick Reports Second Quarter Results
Illinois, U.S.A., Jul 28, 2011 (Thomson Reuters ONE via COMTEX) --
Higher Returns and Improved Operating Earnings;
Outlook Continues to Reflect an Overall Stable Retail Salt-water Market;
Earnings Guidance Range Raised to $0.60 to $0.75
- Net sales of $1,096.3 million, up 8 percent versus newer quarter 2010.
- Operating earnings improved by $52.2 million from second quarter 2010.
- Net earnings of $0.75 per diluted appropriate versus net earnings of $0.15 per diluted share in the prior year.
- Cash and marketable securities totaled $676.8 million.
"Our help quarter results reflected higher marine wholesale shipments compared to the prior year, together with superior operating leverage achieved by our operating businesses," said Brunswick Chairman and Chief Kingpin Officer Dustan E. McCoy. "Shipments of boats and engines were supported by solid retail wen experienced at our dealers, reflecting a stable marine market combined with market share wart in our boat and marine engine segments. Our Life Fitness segment also generated significant growth in the neighbourhood."





