Dustan E Mccoy News

--  Total net sales of $1,014.7 million, up 41 percent versus 2009. --  Net earnings of $13.7 million, or $0.15 per diluted share, which includes $0.26 per diluted share of restructuring, exit and impairment charges and $0.02 per diluted share of expense from special tax items. --  Operating earnings of $55.7 million, a $201.1 million improvement from prior year. --  Cash totaled $619.6 million, up from 2009 year-end balance of $526.6 million. --  Increased production and wholesale shipments resulted from low beginning-of-year marine dealer inventories. "The continued successful execution of our strategic initiatives over the past several quarters was a key factor in our improved second quarter results," said Brunswick's Chairman and Chief Executive Officer Dustan E. McCoy.

--  Total net sales of $844.4 million, up 15 percent versus 2009. --  A net loss of $13.0 million, or $0.15 per diluted share, which includes $0.08 per diluted share of restructuring and impairment charges and $0.02 per diluted share of benefits from special tax items. --  Operating earnings of $10.1 million, a $137.6 million improvement from prior year. --  Cash totaled $552.4 million, up from 2009 year-end balance of $526.6 million. --  Low beginning-of-year marine dealer inventories led to increased production and wholesale shipments. "The successful execution of our strategic initiatives over the past several quarters was a key factor in our improved first quarter results," said Brunswick's Chairman and Chief Executive Officer Dustan E. McCoy.

Brunswick Corporation (NYSE:BC) announced that it will consolidate a portion of its aluminum boat production within its current manufacturing footprint as part of its ongoing efforts to be more agile and responsive to marine market demand. "For the past several years, we have worked hard to institute more flexibility into our boat-making capabilities," explained Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "We have been steadily moving toward category-type production that focuses more on models and segments, rather than the traditional approach of having manufacturing facilities dedicated to a particular brand. Pursuing such a strategy…

Brunswick Corporation (NYSE:BC) announced on Jan. 6 that it will mothball its Riverview boat manufacturing facility near Knoxville, Tenn., and take additional actions aimed at reducing its work force, production and expenses. One of three manufacturing facilities in the Knoxville area, Riverview makes Sea Ray boats and will wind down production during the first quarter of the year. To better utilize Brunswick's overall boat making capacity, production at Riverview will be moved to nearby plants in Knoxville and Vonore, Tenn., which will remain in operation. In addition, production of certain models will be transferred to Brunswick's Palm Coast manufacturing facility in Florida, and a Brunswick plant in Reynosa, Mexico.

Brunswick Corporation (NYSE:BC) announced several organizational changes outside of the United States to its Hatteras Collection, makers of several brands of yachts and sportfishing boats. Effective immediately, William Naumann, who retired from Hatteras in 2006, will become chairman of the Hatteras Collection where he will lead efforts to strengthen relations with dealers, customers, and suppliers. In addition, he will also be responsible for government and public affairs. James Meyer, formerly vice president -- product development, supply chain and business integration for the Brunswick Boat Group, will become president -- Hatteras Collection, replacing Keri Theophilus. Both Meyer and Naumann will report to Dustan E. McCoy, Brunswick's chairman and chief executive officer.

On Nov. 13, Brunswick Corporation (NYSE:BC) announced that it will transfer production of Trophy offshore fishing boats made at its plant in Cumberland, Md., to another Brunswick facility in Ashland City, Tenn. The shift will precipitate ceasing production at the Cumberland manufacturing facility by the end of 2008, eliminating approximately 115 production and support positions. "As we deal with the global economic downturn and its impact on recreational marine markets, we are continuing to shrink our North American manufacturing footprint," Dustan E. McCoy, Brunswick chairman and chief executive officer, said. "This decision is no reflection upon the Cumberland work force or product, but the result of our need to develop a more efficient manufacturing footprint.

With the New York City harbor as a backdrop, on August 8 the public got a sneak preview of the new Meridian line, which will be introduced during the 2003 model year. William J. Barrington, president of Meridian Yachts, served as master of ceremonies at the event, which was held at Chelsea Piers. Joining Barrington for the unveiling and ribbon cutting were George W. Buckley, chairman and chief executive officer of Brunswick Corporation, and Dustan E. McCoy, president of the Brunswick Boat Group. Meridian thus joins the ranks of other leading Brunswick Boat Group yacht brands, including Sea Ray, Hatteras and Sealine. The Brunswick Boat Group is a unit of Brunswick Corporation. The product lineup will include seven models ranging from 34 to 58 ft.