Increased sales trim Brunswick 4Q loss
Brunswick Corp., parent of Knoxville-based Sea Ray Boats, said Thursday that increased revenue helped narrow its fourthquarter loss.
The Lake Forest, Ill.-based recreational boats and fitness equipment maker reported net sales of $789.1 million for the last three months of 2011, up 8 percent compared with the same period the previous year. The company's boat segment, which includes 15 brands, saw a 20 percent jump in net sales to $196.8 million.
The company reported a net loss of $29.6 million, or 33 cents per diluted share, for the fourth quarter. That compares with a net loss of $104.1 million, or $1.17 loss per diluted share, for the 2010 fourth quarter.
The company projects earnings of $1.20 to $1.50 per share to $1.50 per diluted share in 2012.
Subject
COMPANY EARNINGS (90%); PARENT COMPANIES (90%); COMPANY LOSSES (90%); SALES FIGURES (90%); SPORTS EQUIPMENT MFG (89%); EXERCISE & FITNESS (88%); MARINE VESSELS (88%)
Industry
NAICS339920 SPORTING & ATHLETIC GOODS MANUFACTURING (95%)
Ticker
BC (NYSE) (95%)
Geographic
ILLINOIS, USA (91%) UNITED STATES (91%)
