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BRUNSWICK REPORTS SALES INCREASES; TURNAROUND IN MARINE EARNINGS

 BRUNSWICK REPORTS SALES INCREASES; TURNAROUND IN MARINE EARNINGS
 SKOKIE, Ill., April 22 /PRNewswire/ -- Brunswick Corp. (NYSE: BC) today


announced that for the first quarter ended March 31, 1992, sales increased 19 percent to $588.1 million from $493.0 million and net earnings were $12.2 million, or 14 cents per share, compared with a net loss of $8.5 million, or 10 cents per share, in the comparable period of 1991.
 "We are pleased with the results of our Marine segment, whose sales were up 24 percent to $396.5 million from $319.4 million, and whose operating earnings of $9.7 million compared favorably with an operating loss of $20.6 million in the first quarter of last year," commented Brunswick Chairman, President and Chief Executive Officer Jack F. Reichert.
 "The increase in wholesale shipments to our marine dealers is very significant after more than three years of declines. More importantly, dealer inventories of our marine products are lower compared to a year ago and retail sales are showing strong signs of recovery," Reichert indicated.
 The company's recreation segment, which includes its fishing and bowling businesses, reported significantly improved results for the quarter, according to Reichert. Sales increased 36 percent to $148.2 million from $109.2 million and operating earnings rose 45 percent to $21.7 million from $15.0 million in the comparable quarter of 1991.
 "Zebco doubled both its sales and operating earnings, due in large part to special programs with mass merchandisers. Brunswick Recreation Centers Division increased its sales and operating earnings approximately 10 percent. Brunswick Division increased its sales about 18 percent, but its earnings were negatively affected by increased warranty costs.
 "While our Technical segment is focusing on expanding into new commercial and international markets, the vast majority of its revenues continue to be related to the declining defense area," Reichert stated. Technical segment sales for the quarter declined to $43.4 million from $64.4 million and operating earnings were down to $0.4 million from $3.1 million.
 Headquartered in Skokie, 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 March 31 1992 1991
 Net sales $588.1 $493.0
 Earnings (loss) before income taxes 19.8 (16.4)
 Income tax provision (benefit) 7.6 (7.9)
 Net earnings (loss) $ 12.2 $ (8.5)
 Earnings (loss) per common share $ .14 $ (.10)
 Average shares used for computation of
 earnings (loss) per common share 88.6 88.3
 Effective tax rate (as a percent) 38.4 48.2
 Comparative Condensed Segment Information
 (Unaudited, in millions)
 Marine Recreation Technical Corporate Total
 Quarter ended
 March 31, 1992
 Net sales $396.5 148.2 43.4 -- $588.1
 Operating earnings $ 9.7 21.7 0.4 (5.9) $ 25.9
 Quarter ended
 March 31, 1991
 Net sales $319.4 109.2 64.4 -- $493.0
 Operating earnings
 (loss) $(20.6) 15.0 3.1 (8.5) $(11.0)
 -0- 4/22/92
 /CONTACT: William R. McManaman, vice president-finance, 708-470-4840, or Ross H. Stemer, director-investor relations, 708-470-4851, or Adrian W. Sakowicz, 708-470-4131, all of Brunswick/
 (BC) CO: Brunswick Corp. ST: Illinois IN: LEI SU: ERN


TS -- NY029 -- 1121 04/22/92 09:49 EDT
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Date:Apr 22, 1992
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