{"id":27205,"date":"2016-01-28T17:00:45","date_gmt":"2016-01-28T23:00:45","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=27205"},"modified":"2016-01-28T17:00:45","modified_gmt":"2016-01-28T23:00:45","slug":"brunswicks-operating-results-strengthen","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/brunswicks-operating-results-strengthen\/","title":{"rendered":"Brunswick’s operating results strengthen"},"content":{"rendered":"

By Ashesha Mehrotra <\/strong><\/p>\n

Brunswick Corp.\u2019s fourth quarter results reflected strengthening underlying profits, masked by negative non-operating factors. <\/p>\n

In the latest quarter,, the Lake Forest, Ill. based company reported a net loss of $9.3 million, or 10 cents per share, versus a deficit of $4.3 million, or 5 cents a share, in the year-ago period.
\n<\/p>\n

Revenues climbed 4.9 percent to $986.1 million from $938.6 million reported last year in the same quarter. <\/p>\n

Brunswick\u2019s results were distorted by a number of factors, including a hefty tax benefit income and pension settlement charges. Excluding one-time factors in both quarters, however, the maker of recreational products said that adjusted earnings from current operations were 52 cents a share, up from 33 cents a year ago. That topped the Zack\u2019s analysts consensus of 45 cents by 7 percent. <\/p>\n

The \u201coutstanding\u201d 2015 results \u201crepresent the sixth consecutive year of strong improvements in operating performance,\u201d Brunswick chairman and chief executive officer Dustan E. McCoy told analysts in the earnings call. <\/p>\n

The company reported that sales and operating profit rose at its marine-engine group and its boat segment. For its fitness-segment group, profits inched slightly lower, in part because of unfavorable currency-translation linked to the dollar\u2019s strength. <\/p>\n

Brunswick Jan 2015-Jan 2016 Stock Prices<\/h2>\n

[field name=”chart”]<\/p>\n

Brunswick’s stock price has decreased in the last year. (Ashesha Mehrotra\/MEDILL)<\/div>\n

Tim Conder, analyst at Wells Fargo & Company said that the company\u2019s latest report shows a continuing rise in its market share and better-than-expected profit margins in the engine group, despite the fitness-segment lower profit margins due to high foreign currency exposure. <\/p>\n

For the full year, the company reported that sales were $4.10 billion, an increase of 4.6 percent from $3.83 billion last year. Earnings, however, were down by 1.75 percent to $241.4 million, or $2.56 a share, from $245.7 million, or $2.58 a share in the same period last year. <\/p>\n

\u201cOur guidance for 2016 reflects a diluted EPS, as adjusted, range of $3.35 to $3.50. Finally, for the full year, we expect to generate strong free cash flow in excess of $200 million,\u201d said\u00a0Brunswick president and chief operating officer Mark D. Schwabero in the earnings call. <\/p>\n

In New York Stock Exchange trading Thursday, Brunswick shares dropped by $2.21, or 5.21 percent, to close at $39.95. <\/p>\n

Photo at Top: Brunswick Q4 earnings report shows mixed results. (Brunswick Corp.)<\/div>\n","protected":false},"excerpt":{"rendered":"

By Ashesha Mehrotra Brunswick Corp.\u2019s fourth quarter results reflected strengthening underlying profits, masked by negative non-operating factors. In the latest quarter,, the Lake Forest, Ill. based company reported a net loss of $9.3 million, or 10 cents per share, versus a deficit of $4.3 million, or 5 cents a share, in the year-ago period.<\/p>\n","protected":false},"author":239,"featured_media":27226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,585],"tags":[54,1133],"class_list":["post-27205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-winter-2016","tag-brunswick-corp","tag-recreational-boat-industry"],"yoast_head":"\nBrunswick's operating results strengthen - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/brunswicks-operating-results-strengthen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brunswick's operating results strengthen - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Ashesha Mehrotra Brunswick Corp.\u2019s fourth quarter results reflected strengthening underlying profits, masked by negative non-operating factors. 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