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OMC EXPECTS REDUCED SECOND QUARTER EARNINGS

 WAUKEGAN, Ill., March 23 /PRNewswire/ -- Outboard Marine Corp. (OMC) (NYSE: OM) said today that it expects its fiscal second quarter earnings, to be announced April 22, will be below analysts' current forecasts of the company's second quarter results.
 OMC said it expects its earnings for the current quarter, which ends March 31, to be below its net earnings of $1.8 million, or 10 cents per share, for the same quarter last year.
 The company attributed the expected earnings shortfall primarily to depressed economic conditions in Europe that have reduced sales and are expected to produce losses from OMC operations in key European markets. OMC also said it was experiencing slower-than-expected U.S. sales growth as a result of a slow recovery in U.S. retail demand for marine products.
 Outboard Marine Corp. is a leading international marketer of marine engines, boats, accessories and services.
 -0- 3/23/93
 /CONTACT: Wayne E. Jones, vice president, strategic planning & investor relations of Outboard Marine Corp., 708-689-5246/
 (OM)


CO: Outboard Marine Corp. ST: Illinois IN: LEI SU:

TS -- NY044 -- 8649 03/23/93 11:53 EST
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Publication:PR Newswire
Date:Mar 23, 1993
Words:183
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