Brunswick Reports Q2 2010 Results
-- 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.
Brunswick Reports Q1 Results
-- 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 Names Seeley as VP of Corporate Accounts and Distribution
Brunswick Corporation announced that William Seeley has been named vice president-corporate accounts and distribution, reporting to George W. Buckley, Brunswick’s chairman and chief executive officer. In this newly created position, Seeley will focus on building closer relationships with key partners and marketers globally, seeking ways that Brunswick can utilize its unique strengths to add mutual value through new products or services, joint ventures or other operating relationships. Seeley will also be available to the Brunswick Boat Group and Mercury Marine to help drive cross-channel, intercompany distribution of Brunswick products.
