Brunswick Corp. Sees Top Line Up 11% in Q4; Narrows Loss

Management said revenue from the Marine Engine segment, which consists of the Mercury Marine Group, including the marine parts and accessories businesses, rose 17% to $353.3 million in Q4. For the quarter, the segment reported an operating loss of $17.4 million, including restructuring charges of $7.4 million, compared to an operating loss of $59.4 million in the prior-year quarter, which included $8.2 million of restructuring and impairment charges.

Revenue in the Boating segment, which is comprised of the Brunswick Boat Group, increased 6.6% to $163.6 million. For the fourth quarter, the Boat segment reported an operating loss of $69.3 million, including restructuring, exit and impairment charges of $10.0 million.  This compares with an operating loss of $131.6 million, including charges, in Q4 2009.

For the Fitness segment, which is comprised of the Life Fitness Division, revenue rose 10.7% to $162.0 million from $146.4 million in Q4 2009. For the quarter, the segment reported operating earnings of $24.4 million, which included restructuring charges of about $100,000.  This compares with operating earnings of $20.5 million in the Q4 2009, which included restructuring charges of $500,000.

Revenue from Bowling & Billiards products fell 3.0% to $79.5 million. For the quarter, equivalent-center sales for retail bowling were flat, while bowling products experienced a decline in sales. The segment reported operating earnings of $200,000, including restructuring and exit charges of $1.2 million.  This compares with operating earnings of $2.2 million, including restructuring and exit charges, in Q4 2009.

Regarding outlook, the company expects profit for 2011 to be between 5 cents and 40 cents per share.