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BRUNSWICK REPORTS SECOND QUARTER GAINS

 LAKE FOREST, Ill., July 27 /PRNewswire/ -- Brunswick Corp. (NYSE: BC) today reported that for the quarter ended June 30, 1993, sales from continuing operations increased by eight percent to $589.0 million from $546.4 million in the second quarter of 1992. Earnings from continuing operations increased 25 percent to $22.5 million, or 24 cents per share, compared with $18.0 million, or 20 cents per share, in the second quarter of the prior year.
 Net earnings, which include discontinued operations, for the 1993 second quarter were $23.3 million, or 25 cents per share, compared with $18.5 million, or 20 cents per share, in the second quarter of last year.
 For the six months ended June 30, sales from continuing operations increased four percent to $1,131.8 million from $1,091.1 million. Earnings from continuing operations of $32.3 million, or 34 cents per share, were up 10 percent over earnings of $29.3 million, or 33 cents per share, in the first half of 1992. First half 1993 net earnings, which include discontinued operations, were $32.3 million, or 34 cents per share, versus a net loss of $8.5 million, or 10 cents per share, last year. The net loss for the first six months of 1992 includes the cumulative effect of an accounting change for employees' postretirement benefits of $38.3 million after-tax.
 "Our second quarter improvement was due to a strong performance by our Recreation segment," commented Brunswick Chairman, President and Chief Executive Officer Jack F. Reichert. "Segment sales in the quarter increased 37 percent to $157.1 million and operating earnings more than doubled to $17.7 million. The Brunswick Division reported the largest percentage sales and operating earnings increases as international sales of bowling capital equipment continued at high levels. Zebco, which produces fishing reels, reel/rod combinations and electric trolling motors, also reported significantly improved results. Brunswick Recreation Centers, which operates a chain of bowling centers in North America and Europe, reported flat sales and a modest decline in operating earnings.
 "Marine segment sales of $431.9 million in the quarter were flat while operating earnings of $32.2 million were down four percent from 1992 second quarter levels. Despite poor spring weather and flooding in the Midwest, our domestic sales were up seven percent. However, our international sales were down 17 percent in the quarter due to depressed economic conditions," Reichert concluded.
 Headquartered in Lake Forest, Brunswick Corp. is a multinational company with leadership positions in marine power, pleasure boating and recreation. Its stock is traded on the New York, Tokyo, London, Pacific and Chicago Stock Exchanges.
 BRUNSWICK CORP.
 Comparative Condensed Consolidated Results of Operations
 (unaudited)
 (in millions except per share data)
 Quarters ended Six months ended
 June 30, June 30,
 1993 1992 1993 1992
 Net sales $589.0 $546.4 $1,131.8 $1,091.1
 Earnings from continuing
 operations before income
 taxes 40.2 29.3 57.8 47.6
 Income tax provision 17.7 11.3 25.5 18.3
 Earnings from continuing
 operations before cumulative
 effect of accounting change 22.5 18.0 32.3 29.3
 Earnings from discontinued 0.8 0.5 -- 0.5
 operations
 Cumulative effect of -- -- -- (38.3)
 accounting change
 Net earnings(loss) $ 23.3 $ 18.5 $ 32.3 $ (8.5)
 Earnings(loss) per common share
 Continuing operations $ 0.24 $ 0.20 $ 0.34 $ 0.33
 Discontinued operations 0.01 -- -- --
 Cumulative effect of -- -- -- (0.43)
 accounting change
 Net earnings(loss) per $ 0.25 $ 0.20 $ 0.34 $(0.10)
 common share
 Average shares used for
 computation of earnings
 per common share 95.2 91.8 95.2 90.2
 Effective tax rate
 on continuing operations 44.0 pct 38.6 pct 44.1 pct 38.4pct
 Results from continuing operations for the quarter and six months ended June 30, 1992, have been restated to include after-tax provisions of $0.7 million ($1.1 million pretax) and $1.4 million ($2.2 million pretax), respectively, as a result of the adoption of SFAS No. 106, which required changes in accounting for employees' postretirement benefits effective Jan. 1, 1992.
 The 1992 results have been restated to segregate the results of operations of the company's discontinued Technical segment.
 Comparative Condensed Segment Information
 (unaudited)
 (in millions)
 Marine Recreation Corporate Total
 Quarter ended
 June 30, 1993
 Net sales $431.9 157.1 -- $ 589.0
 Operating earnings $ 32.2 17.7 (7.2) $ 42.7
 Quarter ended
 June 30, 1992
 Net sales $432.0 114.4 -- $ 546.4
 Operating earnings $ 33.5 8.1 (8.2) $ 33.4
 Six Months ended
 June 30, 1993
 Net sales $804.4 327.4 -- $1,131.8
 Operating earnings $ 33.1 47.1 (16.0) $ 64.2
 Six Months ended
 June 30, 1992
 Net sales $828.5 262.6 -- $1,091.1
 Operating earnings $ 42.4 29.5 14.1) $ 57.8
 Results for the quarter and six months ended June 30, 1992 have been restated to include provisions of $1.1 million ($0.8 million in Marine; $0.3 million in Recreation) and $2.2 million ($1.6 million in Marine; $0.6 million for Recreation), respectively, for the adoption of SFAS No. 106 which required changes in accounting for employees' postretirement benefits.
 -0- 7/27/93
 /CONTACT: William R. McManaman, vice president-finance, 708-735-4840; Ross H. Stemer, director-investor relations, 708-735-4851, or Adrian W. Sakowicz, director-public relations, 708-735-4131, all of Brunswick/
 (BC)


CO: Brunswick Corp. ST: Illinois IN: SU: ERN

LG -- NY024 -- 6137 07/27/93 10:15 EDT
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