BRIEF: Brunswick reports $114 million loss

Thu. October 29, 2009; Posted: 03:23 PM

Look up the PowerRating of BC and see how it has performed over the past week as well as the current proprietary PowerRating.

Oct 29, 2009 (Milwaukee Journal Sentinel - McClatchy-Tribune Information Services via COMTEX) -- BC | Quote | Chart | News | PowerRating -- Brunswick Corp. (BC), which owns Mercury Marine Inc. in Fond du Lac, reported a third-quarter loss Thursday of $114.3 million, or $1.29 per share, as sales in the company's boating division fell more than 60% from a year ago.

The Lake Forest, Ill., company that sells boats, marine engines, fitness equipment and bowling and billiards games, said it had $665.8 million in sales in the quarter ended Oct. 3, down 36% from the same period in 2008. Sales in the marine-engine segment were down 29%, to $363.5 million, while sales in the boating division sank 62% to $118.2 million from $314.2 million in the third quarter of 2008.

In a news release, Brunswick said Mercury Marine's factories continued to cut production and take furloughs in the quarter in response to the slow sales. The company also said higher bad debt had an adverse effect on operating earnings in the marine-engine segment, partially offset by Mercury Marine's expense reductions.

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For full details on Brunswick Corp (BC) click here. Brunswick Corp (BC) has Short Term PowerRatings of 5. Details on Brunswick Corp (BC) Short Term PowerRatings is available at This Link.

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