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BRUNSWICK REPORTS IMPROVED QUARTERLY, NINE-MONTH RESULTS

 BRUNSWICK REPORTS IMPROVED QUARTERLY, NINE-MONTH RESULTS
 SKOKIE, Ill., Oct. 27 /PRNewswire/ -- Brunswick Corp. today reported that for its third quarter ended Sept. 30, 1992, net sales increased four percent to $545.4 million from $525.1 million in the comparable period of 1991. Net earnings for the quarter were $11.2 million, or 12 cents per share, compared with net earnings of $7.5 million, or 8 cents per share, in the third quarter of 1991.
 For the nine months ended Sept. 30, 1992, net sales were up 10 percent to $1.72 billion from $1.56 billion in the first nine months of the prior year. Net earnings were $42.9 million, or 47 cents per share, compared with a net loss of $10 million, or 11 cents per share, in the first nine months of 1991.
 Results for the nine month period ended Sept. 30 of last year included a pretax provision of $30 million ($18.6 after-tax) for litigation matters.
 ''Marine segment sales were up 9 percent to $377.5 million during the quarter and quarterly operating earnings increased from $9.8 million in 1991 to $17.5 million in 1992,'' commented Brunswick Chairman, President and Chief Executive Officer Jack F. Reichert.
 ''In the near term we remain cautious because of low consumer confidence and election uncertainty, both of which we believe have caused a decline in seasonally adjusted marine industry retail volume over the past two quarters,'' he continued.
 Recreation segment sales were up 9 percent during the third quarter to $125.9 million, and operating earnings increased 2 percent to $10.1 million.
 ''During the third quarter, our bowling operations, Brunswick Recreation Centers and the Brunswick Division, reported improved sales and operating earnings. Zebco reported a modest decline in both areas. However, year-to-date, Zebco is up approximately 30 percent in sales and operating earnings as it has increased its sales throughput with its mass merchants and increased its market share,'' the Brunswick Chief Executive explained.
 Technical segment sales were down 35 percent to $42 million during the quarter, and the segment reported an operating loss of $1.7 million. ''The vast majority of this segment's sales continue to be dependent upon the declining defense market, which has been severely impacted this year,'' Mr. Reichert commented.
 Headquartered in Skokie, Ill., Brunswick Corp. is a multinational Company with leadership positions in marine power, pleasure boating, recreation and selected defense/industrial markets. Its stock is traded on the New York, London, Tokyo, Midwest and Pacific Stock Exchanges.
 BRUNSWICK CORP.
 Comparative Condensed Consolidated Results of Operations
 (Unaudited -- in millions except per share data)
 Quarters ended Nine months ended
 September 30 September 30
 1992 1991 1992 1991
 Net sales $545.4 $525.1 $1,718.0 $1,564.8
 Earnings (loss) before
 income taxes 15.5 10.4 67.0 (13.9)
 Income tax provision (benefit) 4.3 2.9 24.1 (3.9)
 Net earnings (loss) $ 11.2 $ 7.5 $ 42.9 $ (10.0)
 Earnings (loss) per
 common share $ .12 $ .08 $ .47 $ (.11)
 Average shares used for
 computation of earnings
 (loss) per common share 95.1 88.5 91.8 88.4
 Effective tax rate (percent) 27.7 27.9 36.0 28.1
 Results for the nine month period ended Sept. 30, 1991, include a $30 million pretax ($18.6 million after-tax) provision for litigation matters.
 BRUNSWICK CORP.
 Comparative Condensed Segment Information
 (Unaudited -- In millions)
 Recrea- Tech- Corpor-
 Marine tion nical ate Total
 Quarter ended September 30, 1992
 Net sales $ 377.5 125.9 42.0 -- $ 545.4
 Operating earnings $ 17.5 10.1 (1.7) (6.9) $ 19.0
 Quarter ended September 30, 1991
 Net sales $ 345.2 115.1 64.8 -- $ 525.1
 Operating earns. (loss) $ 9.8 9.9 5.7 (8.0) $ 17.4
 Nine months ended September 30, 1992
 Net sales $1,206.0 388.5 123.5 -- $1,718.0
 Operating earns. (loss) 61.5 40.2 (0.1) (21.0) $ 80.6
 Nine months ended September 30, 1991
 Net sales $1,045.3 336.0 183.5 -- $1,564.8
 Operating earns. (loss) $ (12.5) 34.9 11.7 (30.4) $ 3.7
 Results for the nine month period ended Sept. 30, 1991, include provisions of $25 million in the Marine segment and $5 million at Corporate for litigation matters.
 -0- 10/27/92
 /CONTACT: William R. McManaman, vice president finance, 708-470-4840; Ross H. Stemer, director-investor relations, 708-470-4851, or Adrian W. Sakowicz, director-public relations, 708-470-4131, all of Brunswick/
 (BC) CO: Brunswick Corp. ST: Illinois IN: LEI SU: ERN


PS -- NY033 -- 5253 10/27/92 09:46 EST
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Date:Oct 27, 1992
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