Brunswick Corporation announced that preliminary first quarter 2014 revenues reflect a 3 percent decline, compared to the prior year, primarily due to harsh weather trends that have adversely affected demand in its Marine and Bowling & Billiards segments. The company anticipates its first quarter diluted earnings per common share will be in the range of 59 to 60 cents a share.
In the year-ago quarter, it earned 76 cents a share.
“Weather conditions in important marine markets had a negative impact on first quarter U.S. retail and wholesale demand,” said Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. “The severity of the weather patterns has not only reduced sales, but it has also masked the underlying demand for our boat and engine products. However, at this very early point in the marine season, we are reaffirming our previously stated full-year diluted earnings per common share, as adjusted, estimated range of $2.40 to $2.55.”
Brunswick will release its first quarter 2014 financial results before the market opens on Thursday, Apr. 24, 2014.
Headquartered in Lake Forest, IL., Brunswick Corporation endeavors to instill “Genuine Ingenuity”(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood marine parts and accessories; Land 'N' Sea, Kellogg Marine, and Diversified Marine parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris FloteBote, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats; Life Fitness and Hammer Strength fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables and table tennis.