Brunswick Corporation reported a net loss of $6.0 million, or 7 cents per diluted share, for the second quarter, compared with net earnings of $56.9 million, or 63 cents per diluted share, from continuing operations for the same period last year. The second quarters of 2008 and 2007 include restructuring charges of $83.1 million, or 59 cents per diluted share, and $1.1 million, or 1 cent per diluted share, respectively.
Fitness segment sales increased 9% in the quarter to $156.9 million, up from $144.0 million in the year-ago quarter. Operating earnings for the quarter totaled $8.2 million, up from $7.4 million for the second quarter of 2007, and operating margins were 5.2% versus 5.1% last year.
Operating earnings, which included $1.3 million in restructuring charges, “improved slightly” on efforts to trim costs and improve productivity.
The bowling and billiards segment sales in Q2 totaled $110.4 million, up 7% compared with $103.2 million in the year-ago quarter. The segment had an operating loss of $19.8 million, which included $19.8 million in restructuring charges, versus an operating loss of $2.7 million in the year-ago period.
