BRUNSWICK CORP. DL-,75 - 500 Beiträge pro Seite

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http://www.brunswick.com/

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Key Ratios & Statistics
Price & Volume
Recent Price $ 26.80
52 Week High $ 27.00
52 Week Low $ 16.35
Avg Daily Vol (Mil) 0.53
Beta 1.09

Share Related Items
Mkt. Cap. (Mil) $ 2,419.45
Shares Out (Mil) 90.28
Float (Mil) 88.50

Dividend Information
Yield % NA
Annual Dividend 0.50
Payout Ratio (TTM) % 44.64

Financial Strength
Quick Ratio (MRQ) 0.75
Current Ratio (MRQ) 1.70
LT Debt/Equity (MRQ) 0.53
Total Debt/Equity (MRQ) 0.56

Valuation Ratios
Price/Earnings (TTM) 23.99*
Price/Sales (TTM) 0.64*
Price/Book (MRQ) 2.19
Price/Cash Flow (TTM) 10.13

Per Share Data
Earnings (TTM) $ 1.12*
Sales (TTM) $ 42.24*
Book Value (MRQ) $ 12.25
Cash Flow (TTM) $ 2.65
Cash (MRQ) $ 3.10

Mgmt Effectiveness
Return on Equity (TTM) 8.72*
Return on Assets (TTM) 3.00
Return on Investment (TTM) 4.22*

Profitability
Gross Margin (TTM) % 23.21
Operating Margin (TTM) % 4.74
Profit Margin (TTM) % 2.65*

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KERNDATEN
Marktkapitalisierung ($ Mio) 2,432.99
Normalisiertes KGV 23.62
KGV ohne außerordentliche Posten 23.62
Eigenkapitalrendite (%) 9.36
Kapitalrendite (%) 4.45
Gewinnmarge (%) 2.79
Bruttomarge (%) 23.17
Umsatzrendite (%) 5.30
Jahresdividende je Aktie ($ U.S. Dollars) 0.50
Liquidität zweiten Grades 1.65


Alle Daten beziehen sich auf das laufende Finanzjahr. Laufendes Finanzjahr: 2002. Quelle: Multex Global Fundamentals

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Reich Elected President -- Brunswick Europe; Leemputte promoted to chief financial officer


Lake Forest, Illinois, Aug 18, 2003 (PR Newswire Europe via COMTEX) --
Brunswick Corporation announced today that Victoria J. Reich has been elected
president of Brunswick Europe, a new operating unit. She most recently was
senior vice president and chief financial officer for Brunswick. Peter G.
Leemputte, the company`s vice president and controller, has been promoted to
senior vice president and chief financial officer, replacing Reich. The
promotions are effective immediately and both Reich and Leemputte will report to
Brunswick Chairman and Chief Executive Officer, George W. Buckley.

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Amer-Yhtyma To Gain $23 Million In Brunswick Lawsuit

Edited Press Release

HELSINKI -(Dow Jones)- Amer-Yhtyma OYJ (Y.AMG) said Wednesday that further to its announcement dated May 15 2003, the group has recognised a gain of $23 million following the amicable settlement of a patent litigation case in the U.S.

The other party to the litigation, the Life Fitness division of Brunswick Corporation(NYSE:BC) (BC), will pay the settlement amount in two annual installments in 2003 and 2004, in return for a sublicense of the patent rights held by Precor, a part of Amer Group, to use technology for elliptical fitness equipment.

The gain will be included in Amer`s interim results for the period January to September 2003.

Under the terms of the settlement, Brunswick shall make a payment to cover past claims in the amount of $25 million, of which $2 million will be paid to the individual inventor of the technology.

Precor will receive royalties on all future sales of products by Life Fitness which are covered by the patent.

Precor manufactures technically advanced low impact fitness equipment.

The company`s product range includes elliptical cross-trainers, treadmills, stationary cycles, climbers, stretch trainers and strength training systems.

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Brunswick Corp. Reaffirms 3rd-Quarter, Year Guidance

NEW YORK (Dow Jones)--Brunswick Corp. (BC) reaffirmed its third-quarter and 2003 guidance and said it expects annual top-line growth of 5% to 9% over the next three years.

In a press release Tuesday, the maker of recreational products said it anticipates third-quarter earnings of 35 cents to 40 cents a share, compared with analysts` consensus estimate of 37 cents a share.

Brunswick posted earnings of 26 cents a share in the year-ago third quarter.

For 2003, the company still projects earnings of $1.45 to $1.50 a share, excluding a litigation charge of 18 cents a share taken in the first quarter. Analysts surveyed by Thomson First Call expect 2003 earnings of $1.49 a share.

The company reported 2002 earnings of $1.14 a share before items.

Cost reduction and other efficiency moves are expected to result in operating margins of between 8% to 10% by 2006, the company said.

Company Web site: http://www.brunswick.com

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Lowe Joins Brunswick as Vice President and Controller

LAKE FOREST, Ill., Sep 22, 2003 /PRNewswire-FirstCall via COMTEX/ -- Brunswick Corporation (NYSE: BC) announced today that Alan L. Lowe has been named the company`s vice president and controller, replacing Peter G. Leemputte, who was recently promoted to senior vice president - chief financial officer. Lowe will report to Leemputte.

Lowe, 51, joins the company from Chicago`s FMC Technologies, Inc., where he most recently was director, financial control. Lowe spent 28 years with FMC in a variety of positions, including business controllerships, strategic planning, financial control and marketing.

"A seasoned and accomplished manager, Alan will play a key role in maintaining the rigor and discipline of our financial planning and analysis activities as well as those put forth on a daily basis in Brunswick`s ongoing efforts in the areas of control, acquisitions and improving operations," Leemputte said. "His wide range of experience and expertise will be very valuable as the company continues to grow globally."

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CPSC Levies Fines Vs Brunswick Corp., Other Cos.

WASHINGTON (Dow Jones)--The Consumer Product Safety Commission levied $1 million in penalties against Brunswick Corp.(NYSE:BC) (BC) to settle allegations that the recreational equipment maker didn`t report certain product defects in a timely manner.

In a press release Tuesday, the CPSC claimed that Brunswick didn`t immediately report knowledge of 31 serious incidents involving defective forks on its Mongoose and Roadmaster bicycles.

The forks broke apart during normal bicycle use and caused riders to lose control and fall face first, the commission said. Brunswick, which had 2002 revenue of $3.71 billion, recalled the bicycles three times between May 2000 and April 2002.

The CPSC said Brunswick denied that it knowingly violated the commission`s rules. A company representative wasn`t immediately available for comment.

The CPSC also settled a similar non-timely reporting case for $375,000 with privately held Murray Inc., which allegedly failed to report more than 900 incidents of riding lawn mower gas tanks cracking and leaking fuel. In addition, the commission levied a $150,000 penalty against Blue Coral-Slick 50 for improper labeling of its household products.

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Sea Ray Boats, Mid-Atlantic Dealers Announce Post-Hurricane Recovery Initiatives

KNOXVILLE, Tenn., Oct 2, 2003 /PRNewswire-FirstCall via COMTEX/ -- Following the devastation created by Hurricane Isabel, Sea Ray Boats and its Mid-Atlantic dealers have announced several initiatives designed to help local boating communities begin their recoveries.

Hurricane-related losses to recreational boats alone were more than $150 million, according to BoatUS.com , an industry organization. As a testament to the storm`s fury, damage was widespread in the Chesapeake Bay and Potomac River watersheds, both far north of Isabel`s North Carolina landfall.

"We are particularly grateful that all the employees in our dealer network survived the storm safely," says Cynthia M. Trudell, president of Sea Ray Boats. "Boats and marinas can be replaced, but people cannot. At the same time, we wish to help the boating community to get back on its feet as quickly as possible and we are prepared to aid in several ways."

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MotoTron Acquires Accelerate Performance Products

OSHKOSH, Wis., Oct 2, 2003 /PRNewswire-FirstCall via COMTEX/ -- MotoTron, a unit of Brunswick New Technologies (BNT), announced today that it has acquired privately-held Accelerate Performance Products, a powertrain software tool provider based in Fort Collins, Colo. Terms of the transaction were not disclosed.

With its unique TurboLink(TM) product, Accelerate specializes in user- friendly PC software that interfaces directly with the powertrain computers of today`s vehicles and industrial equipment. One of the premier applications for this software is the growing market of advanced operator interfaces that resemble the dash of a vehicle, including switch panels and gauges. TurboLink`s technology allows for currently expensive and often troublesome panels to be replaced with modern, more reliable and economical LCD screens and software. Other significant applications of Accelerate`s technology include vehicle diagnostics and the rapidly growing market of telematics, which can provide remote diagnostics and control through wireless technologies.

"At MotoTron, our primary goal is to help our customers revolutionize powertrain and vehicle systems. MotoTron software is the `glue` that integrates electronic and mechanical technologies," explains Jeff Ehlers, general manager of MotoTron. "Only MotoTron can marry the advanced architectural processes and code generation technology of our recent acquisition, New Eagle Software, with the production experience of MotoTron, and the human interface technologies of Accelerate. We have forged a powerful combination of software development and execution that is truly unique to the vehicle embedded industry, be it in an automotive, marine, industrial or any other setting."

"As embedded hardware increasingly becomes a commodity -- similar to the PC world -- we at MotoTron have turned our focus increasingly to software," Ehlers says. "We believe that software is the primary strategic component that will help our customers better compete and distinguish themselves in this rapidly changing industry," explains Ehlers. "The addition of Accelerate completes our product line-up of embedded software and tools, thus providing a one-stop-shop source for our customers. From concept to production, MotoTron is now the one company that can offer it all."

MotoTron designs and supplies sophisticated engine control and vehicle networking systems flexible enough to handle a wide range of engine and vehicle applications. MotoTron is part of Brunswick New Technologies, a business unit of Brunswick Corporation (NYSE: BC).

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Mercury Marine Parent Brunswick to Buy Three Boat Companies


Mar 09, 2004 (Milwaukee Journal Sentinel - Knight Ridder/Tribune Business News
via COMTEX) -- Mercury Marine Inc. could benefit from a $191 million acquisition
of three aluminum boat companies by its parent, Brunswick Corp.

The deal announced Monday would give the Fond du Lac outboard engine company
solid access to Crestliner, Lund and Lowe boats -- three lines that had $311
million in sales among them in 2003.

Brunswick, of Lake Forest, Ill., is buying the companies from Genmar Holdings, a
Minneapolis boat manufacturer with more than a dozen brands in its lineup.

When the sale is finalized this summer, as expected, Brunswick will become the
world`s largest producer of recreational boats, taking that title from Genmar.

The sale would give Mercury a platform for selling tens of thousands of outboard
engines on boats that range from 10 to 25 feet in length, increasing the
company`s market share at the expense of competitors.

"It certainly has everybody here in a good mood," Mercury spokesman Steve
Fleming said. "All of the outboards that we make" will fit on the boats.

Brunswick and Genmar have been fierce competitors. Recently, they`ve been on
opposite sides of an international trade dispute that involves the outboard
engine industry.

Brunswick has alleged that Mercury`s Japanese competitors have engaged in
predatory business practices by selling outboards in the United States at prices
well below what they sell for in Japan.

Genmar executives have defended the Japanese engine makers and accused Brunswick
of trying to raise the price of Mercury outboards by petitioning the government
for tariffs.

Brunswick decided to buy the Genmar lines for several reasons, Brunswick Boat
Group President Duston McCoy said.

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Brunswick Completes Acquisition of Three Aluminum Boat Brands


LAKE FOREST, Ill., Apr 2, 2004 /PRNewswire-FirstCall via COMTEX/ -- Brunswick
Corporation (NYSE: BC) said today it has completed its previously announced
acquisition of the Crestliner, Lowe and Lund aluminum boat brands from Genmar
Industries, Inc. for approximately $191 million in cash. The transaction also
contains provisions for additional consideration of up to $30 million to be paid
in three years based on the achievement of a minimum 10 percent after-tax cash
flow return on total investment over that time period. Further, Brunswick will
receive future tax benefits, which have a net present value of about $35
million.

The purchase includes Crestliner, Inc., based in Little Falls, Minn.; Lowe
Boats, Inc., based in Lebanon, Mo.; Lund Boat Company of New York Mills, Minn.,
and Genmar Boats Canada, Inc. (which produces the Lund brand in Canada), of
Steinbach, Manitoba. Each of these companies produces numerous models of
aluminum fishing, pontoon, deck and utility boats ranging from 10 to 25 feet.
Combined, these entities had sales of approximately $311 million in the year
ended June 30, 2003.

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Awards Abound for Life Fitness in First Quarter of 2004


SCHILLER PARK, Ill., Apr 16, 2004 /PRNewswire via COMTEX/ -- Life Fitness, the
leading manufacturer of a full line of cardiovascular and strength-training
equipment, is pleased to announce the company and its products earned four
prestigious awards in the first quarter of 2004.

Life Fitness was a double award winner in the inaugural Fitness Management Nova7
Supplier Awards. The company was named Best Cardio Equipment Supplier for its
Life Fitness brand and Best Strength Equipment Supplier for its Hammer Strength
brand. The Nova7 Supplier Awards, sponsored by Fitness Management magazine, are
the industry`s first and only "people`s choice" awards. The magazine asked
fitness professionals from around the world to name the superior supplier in a
variety of categories; the winners were determined based on those submissions.

Then, the Life Fitness X5i elliptical cross-trainer for the home was named a
Best Buy in the January/February 2004 issue of Consumers Digest. Selected as a
Best Buy among premium equipment, the X5i was described as a "beautiful
elliptical [that] is a joy to use."

Additionally, the Life Fitness 95Ci Lifecycle exercise bike earned a Good Design
Award from The Chicago Athenaeum: Museum of Architecture and Design. The winning
products were judged on form, function and innovation. The 95Ci is part of the
Good Design Show/Exhibition on display through June 13, 2004, at The Chicago
Athenaeum: Museum of Architecture and Design, 190 South Roselle Road,
Schaumburg, Ill.

About Life Fitness

Life Fitness, a division of Brunswick Corporation (NYSE: BC), is the global
leader in designing and manufacturing a full line of reliable, high- quality
fitness equipment for commercial and consumer use. It is the largest commercial
fitness equipment provider in the world and the only fitness equipment
manufacturer that has been providing premium equipment for more than 25 years.
Life Fitness` cardiovascular and strength-training products, including the
renowned Lifecycle exercise bike, are used in health, fitness and wellness
facilities, as well as in homes, worldwide. The company is headquartered near
Chicago and distributes its equipment in more than 120 countries.

Life Fitness and Lifecycle are trademarks and/or registered trademarks of
Brunswick Corporation.

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Brunswick Reports EPS of $0.50 in First Quarter


LAKE FOREST, Ill., Apr 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- Brunswick
Corporation (NYSE: BC) reported today net earnings of $48.0 million, or $0.50
per diluted share, for the first quarter of 2004. This compares to net earnings
of $3.8 million, or $0.04 per diluted share for the year-ago quarter, which
includes a $25.0 million ($0.18 per diluted share) litigation charge to
operating earnings relating to the settlement of a lawsuit.

Commenting on the quarter, Brunswick Chairman and Chief Executive Officer George
W. Buckley said, "We started the year on a very strong note with a 28 percent
increase in sales in the quarter coming on double-digit gains reported by all of
our operating units. The primary drivers were our marine engine and boat groups,
which benefited from a better marine retail environment than we`ve seen in some
time. Acquisitions also played a role in the sales gain. Excluding the sales
from business units we didn`t own in the first quarter last year, sales rose 19
percent, illustrating the strong performance delivered by our base operations.
Higher sales and production volumes, along with our ongoing focus on effective
cost management, contributed to a doubling of operating earnings to $78.5
million and a 240 basis point improvement in operating margins, excluding the
litigation charge. We ended the quarter with our balance sheet in excellent
shape. Debt-to-total capital was 30.4 percent at quarter end compared with 35.9
percent a year earlier. Our strong balance sheet provides us with tremendous
financial flexibility to pursue additional investment and acquisition
opportunities to build our core businesses. All in all it was a great quarter
and further evidence of the successful execution of our growth strategy."

First Quarter Results

For the quarter ended March 31, 2004, the company reported a net sales increase
of 28 percent to $1,199.6 million, up from $934.5 million a year earlier.
Operating earnings rose to $78.5 million compared with $13.0 million in the
year-ago quarter, and operating margins improved to 6.5 percent from 1.4
percent. Excluding the $25.0 million litigation charge in the first quarter of
2003, operating earnings totaled $38.0 million, and operating margins were 4.1
percent.

Net earnings totaled $48.0 million, or $0.50 per diluted share, up from $3.8
million, or $0.04 per diluted share, for the first quarter of 2003. Excluding
the previously mentioned litigation charge, net earnings totaled $19.8 million,
or $0.22 per diluted share, in the first quarter of 2003.

Marine Engine Segment

The Marine Engine segment, consisting of the Mercury Marine Group and Brunswick
New Technologies, reported sales of $527.9 million in the first quarter of 2004,
up 28 percent from $412.8 million in the year-ago first quarter. Operating
earnings in the first quarter more than doubled to $42.6 million versus $19.3
million, and operating margins increased to 8.1 percent compared with 4.7
percent for the same quarter in 2003.

"Mercury Marine had an excellent quarter with strong performances from all units
-- outboard and sterndrive engines and parts and accessories -- contributing to
the sales gain," Buckley said. "Strong retail demand was the primary driver
behind the improved results."

"Highlighting the quarter was the much-anticipated launch of Verado, our family
of high-horsepower supercharged four-stroke outboard engines. Customer response
to the new engines has been outstanding, and we began shipping product this
week," Buckley added. "Verado`s power, torque, near-silent running, excellent
fuel economy and low-emission characteristics are unlike anything available in
the market today. We believe Verado reaffirms Mercury`s standing as the
technology leader in marine propulsion."

"Brunswick New Technologies (BNT) also contributed to the sales gain for the
Marine Engine segment, primarily due to the acquisition of Navman NZ Limited, a
producer of global positioning system-based products, which was completed in the
second quarter of 2003," Buckley added. "We have been very pleased with Navman`s
financial results and growth rates, fueled primarily by the success of new
products. In addition, Navman, working in conjunction with Northstar and other
BNT units, is an important contributor to our product development and boat
electronics integration initiatives."

Boat Segment

The Brunswick Boat Group comprises the Boat segment and includes the Sea Ray,
Bayliner, Maxum, Hatteras, Sealine, Meridian, Boston Whaler, Trophy, Baja,
Crestliner, Lowe, Lund and Princecraft boat brands and the Land `N` Sea and
Attwood marine parts and accessories distribution and manufacturing businesses.
The Boat segment reported sales for the first quarter of $512.0 million, up 35
percent compared with $378.6 million in the first quarter of 2003. Boat segment
sales benefited from incremental sales from its new parts and accessories (P&A)
business, which began with the acquisition of Land `N` Sea and Attwood last
year. Excluding the P&A business, boat sales increased 23 percent in the
quarter. Operating earnings increased to $32.0 million, more than double the
$14.1 million reported in the first quarter of 2003, and operating margins rose
to 6.3 percent, up from 3.7 percent. The acquisition of the Crestliner, Lowe and
Lund brands was completed at the end of the quarter and, therefore, did not have
any impact on sales or operating earnings for the Boat Group in the first
quarter of 2004.

"We are seeing strong retail demand for all of our boat brands, which is leading
to stronger wholesale shipments to our dealers," Buckley said. "Early boat shows
are showing positive trends. Even more encouraging is that we are seeing
strength in all parts of the country and across our entire product range. New
models in all portions of the product spectrum are selling especially well,
including the Bayliner 175 runabout, the Sea Ray 500 Sundancer, and the Hatteras
80 Motor Yacht. Demand for these particular models is nearly outstripping our
ability to supply. Higher volumes and effective cost management account for the
significant improvement in operating margins."

Fitness Segment

The Fitness segment is comprised of the Life Fitness division, which
manufactures and sells Life Fitness, Hammer Strength and ParaBody fitness
equipment, and operates Omni Fitness retail stores. Segment sales in the first
quarter of 2004 totaled $130.6 million, up 10 percent from $119.2 million in the
year-ago quarter. Operating earnings for the quarter totaled $9.2 million
compared with an operating loss of $12.5 million for the year-ago quarter, which
includes the $25 million litigation charge. Operating margins were 7.0 percent
in the first quarter of 2004. Excluding the litigation charge, operating
earnings totaled $12.5 million, and operating margins were 10.5 percent in the
first quarter of 2003.

"In the past two years, Life Fitness has introduced 90 new products. They have
been very well received in the marketplace, and strong customer demand is the
primary driver of the sales gain in the quarter," Buckley noted. "That`s the
good news. However, the pace and the timing of these new product launches, 40 of
which were introduced in the fourth quarter of 2003 alone, are having a
temporary impact on operating margins for the segment. The start-up of new model
production at our Ramsey, Minn., facility came at the same time we were
transitioning production to Ramsey from our Paso Robles, Calif., facility, which
we closed during the quarter. Operating inefficiencies, higher freight cost to
meet customer delivery requirements, along with costs associated with the Paso
Robles closure, had an adverse impact on operating margins. As actions to
resolve the operational issues take hold over the coming months, we expect the
margin pressure for the segment to be mitigated."

Bowling & Billiards Segment

The Bowling & Billiards segment is comprised of the Brunswick retail bowling
centers; bowling equipment and products; and billiards, Air Hockey and foosball
tables. Segment sales in the first quarter of 2004 totaled $110.2 million, up 29
percent compared with $85.1 million in the year-ago quarter. Operating earnings
were up 61 percent to $13.5 million in the first quarter versus $8.4 million,
and operating margins improved to 12.3 percent compared with 9.9 percent in
2003.

"Each business unit -- bowling retail centers, bowling products and billiards --
contributed to the strong sales and earnings performance for the segment,"
Buckley said. "In addition, Valley-Dynamo, the leading player in coin-operated
pool tables that we acquired last June, continues to perform at expected levels.
Excluding incremental sales from this acquisition, segment sales increased 19
percent in the quarter. Higher volumes, effective cost management and accretive
margins from the Valley-Dynamo acquisition accounted for the significant
improvement in operating margins for the segment."

Looking Ahead

"2004 is shaping up to be a record year for Brunswick in both sales and
earnings," Buckley commented. "The success of innovative new products, cost
management efforts and accretive acquisitions, all buoyed by improved economic
and marine market conditions, are behind our more optimistic outlook for the
year. As we previously announced, we have raised our earnings estimate for 2004
to $2.45 to $2.65 per share, up from $2.10 to $2.30 per share. For our marine
segments combined, we expect sales growth in the 27 to 29 percent range,
assuming an increase in marine retail in the low- to mid-teens and including the
incremental sales from acquisitions. For our fitness and bowling and billiards
segments, we maintain our earlier expectations of sales growth in the
high-single digits. Overall, operating margins will benefit from higher volumes
as well as our ongoing focus on effective cost management. This should more than
offset costs associated with new product introductions and new plant openings
and the margin impact of the transition to low-emission outboard engines. Our
earnings estimates assume full-year operating margin improvement in the range of
150 to 200 basis points. Looking at the second quarter, which is seasonally the
strongest for marine product sales, we`re estimating earnings in the range of
$0.82 to $0.90 per share, as compared with $0.59 per share for the second
quarter of 2003."

Forward-Looking Statements

Certain statements in this press release are forward looking as defined in the
Private Securities Litigation Reform Act of 1995. These statements involve
certain risks and uncertainties that may cause actual results to differ
materially from expectations as of the date of this release. These risks
include, but are not limited to, the effect of a weak economy and stock market
on consumer confidence and thus on demand for marine, fitness, billiards and
bowling equipment and products; competitive pricing pressures; the ability to
maintain effective distribution; the success of global sourcing and supply chain
management initiatives; the ability to successfully integrate acquisitions; the
success of new product introductions; the impact of weather conditions on sales
of marine products and retail bowling center revenues; the financial strength of
dealers and independent boat builders; shifts in currency exchange rates; the
impact of interest rates and fuel prices on demand for marine products; the
impact of financial markets on pension expense and funding levels; the ability
to maintain market share in high-margin products; the ability to maintain
product quality and service standards expected by our customers; the success of
marketing and cost management programs; the ability to develop product
technologies that comply with regulatory requirements; adverse foreign economic
conditions; the ability to maintain good relationships with its labor unions;
the ability to successfully manage pipeline inventories; the ability to complete
environmental remediation efforts and resolve claims and litigation at the cost
estimated; and imports from Asia and increased competition from Asian
competitors. Additional factors are included in the company`s Annual Report on
Form 10-K for 2003.

About Brunswick

Headquartered in Lake Forest, Ill., 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; Teignbridge propellers; MotoTron electronic
controls; Northstar marine electronics; Navman GPS-based products; IDS dealer
management systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian and Sealine
pleasure boats; Baja high-performance boats; Boston Whaler and Trophy offshore
fishing boats; Crestliner, Lowe, Lund and Princecraft aluminum fishing, deck and
pontoon boats; Attwood marine parts and accessories; Land `N` Sea marine parts
and accessories distributor; Life Fitness, Hammer Strength and ParaBody fitness
equipment; Brunswick bowling centers, equipment and consumer products; Brunswick
billiards tables; and Valley-Dynamo pool, Air Hockey and foosball tables. For
more information, visit www.brunswick.com






Brunswick Corporation

Comparative Consolidated Statements of Income

(in millions, except per share data)

(unaudited)

Quarter Ended March 31

2004 2003 % Change

Net sales $1,199.6 $934.5 28%

Cost of sales 902.3 725.7 24%

Selling, general and administrative

expense 186.1 143.1 30%

Research and development expense 32.7 27.7 18%

Litigation settlement - 25.0

Operating earnings (A) 78.5 13.0 NM

Interest expense (10.1) (10.7) 6%

Other income 3.2 3.6

Earnings before income taxes 71.6 5.9 NM

Income tax provision 23.6 2.1

Net earnings $48.0 $3.8 NM



Earnings per common share:

Basic $0.51 $0.04 NM

Diluted 0.50 0.04 NM



Average shares used for computation of:

Basic earnings per share 93.7 90.6 3%

Diluted earnings per share 95.6 90.6 6%



Effective tax rate 33.0% 35.8%



(A) Operating earnings include a $25.0 million litigation charge recorded

in the first quarter of 2003 in connection with a patent infringement

lawsuit relating to the design of a cross trainer.

NM = Not Meaningful





Brunswick Corporation

Selected Financial Information

(in millions)

(unaudited)



Segment Information



Quarter Ended March 31

Net Sales Operating Operating

Earnings Margin

% %

2004 2003 Change 2004 2003 Change 2004 2003



Marine Engine $527.9 $412.8 28% $42.6 $19.3 NM 8.1% 4.7%

Boat 512.0 378.6 35% 32.0 14.1 NM 6.3% 3.7%

Marine

eliminations (80.2) (61.2) - -

Total Marine 959.7 730.2 31% 74.6 33.4 NM 7.8% 4.6%



Fitness (A) 130.6 119.2 10% 9.2 (12.5) NM 7.0% -10.5%

Bowling &

Billiards 110.2 85.1 29% 13.5 8.4 61% 12.3% 9.9%

Eliminations (0.9) - - -

Corp/Other - - (18.8) (16.3) -15%

Total $1,199.6 $934.5 28% $78.5 $13.0 NM 6.5% 1.4%



(A) Operating earnings include a $25.0 million litigation charge recorded

in the first quarter of 2003 in connection with a patent infringement

lawsuit relating to the design of a cross trainer.

NM = Not Meaningful





Brunswick Corporation

Comparative Consolidated Balance Sheets

(in millions)



March 31, December 31, March 31,

2004 2003 2003

(unaudited) (unaudited)

Assets

Current assets

Cash and cash equivalents $173.8 $345.9 $280.0

Accounts and notes receivables, net 455.3 374.4 441.7

Inventories

Finished goods 394.7 325.3 293.4

Work-in-process 222.6 205.7 209.8

Raw materials 105.5 92.8 64.5

Net inventories 722.8 623.8 567.7

Prepaid income taxes 297.5 302.3 302.6

Prepaid expenses and other 51.4 68.8 43.4

Current assets 1,700.8 1,715.2 1,635.4





Net property 847.8 827.1 777.8



Other assets

Goodwill and other intangibles 857.3 699.7 577.9

Investments and other long-term

assets 384.3 360.5 298.9



Total assets $3,790.2 $3,602.5 $3,290.0





Liabilities and shareholders` equity

Current liabilities

Short-term debt $48.8 $23.8 $30.7

Accounts payable 334.1 321.3 281.0

Accrued expenses 758.4 756.7 650.5

Current liabilities 1,141.3 1,101.8 962.2



Long-term debt 585.8 583.8 588.1

Other long-term liabilities 609.8 593.9 633.9

Common shareholders` equity 1,453.3 1,323.0 1,105.8



Total liabilities and shareholders`

equity $3,790.2 $3,602.5 $3,290.0





Supplemental Information

Debt-to-capitalization rate 30.4% 31.5% 35.9%





Brunswick Corporation

Comparative Consolidated Statements of Cash Flows

(in millions)

(unaudited)

Quarter Ended March 31

2004 2003



Cash flows from operating activities

Net earnings $48.0 $3.8

Depreciation and amortization 38.3 35.6

Changes in noncash current assets and

current liabilities (155.6) (110.3)

Income taxes and other, net 54.1 28.7

Net cash used for operating activities (15.2) (42.2)



Cash flows from investing activities

Capital expenditures (32.5) (19.9)

Investments (4.9) (11.9)

Acquisitions of businesses, net of debt and

cash acquired (196.2) -

Other, net (0.9) -

Net cash used for investing activities (234.5) (31.8)



Cash flows from financing activities

Net issuances of commercial paper and other

short-term debt 24.2 2.2

Stock options exercised 53.4 0.4

Net cash provided by financing activities 77.6 2.6



Net decrease in cash and cash equivalents (172.1) (71.4)

Cash and cash equivalents at January 1 345.9 351.4



Cash and cash equivalents at March 31 $173.8 $280.0





Free Cash Flow

Net cash used for operating activities $(15.2) $(42.2)



Net cash used for:

Capital expenditures (32.5) (19.9)

Other, net (0.9) -

Total Free Cash Flow $(48.6) $(62.1)

SOURCE Brunswick Corporation



CONTACT: Kathryn Chieger, Vice President - Corporate and Investor

Relations of Brunswick Corporation, [phone]



URL: http://www.brunswick.com

http://www.prnewswire.com


Copyright (C) 2004 PR Newswire. All rights reserved.

[Mannerl]

Brunswick Announces European Organizational Structure


LAKE FOREST, Ill., May 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- Brunswick
Corporation (NYSE: BC) announced today formation of an umbrella organization to
implement a comprehensive growth strategy for its marine operations in Europe,
Africa and the Middle East and to leverage shared services opportunities for all
of Brunswick`s operations in those regions. Victoria J. Reich, president -
Brunswick European Group, will head the new organization, which is based in
Brussels, Belgium.

" This organizational structure is designed to achieve two primary objectives,"
explained Brunswick Chairman and Chief Executive Officer George W. Buckley.
" First is to take a more comprehensive and cohesive approach to growing our
marine presence in these important markets. To date, our boat and engine
businesses have maintained separate international organizations, but now they
will move forward with a more unified strategy aimed at giving boaters the right
product, at the right price through the right distribution channels. Our second
objective is to more efficiently manage and share services such as finance,
human resources, information technology, legal and supply chain among our
marine, fitness and bowling operations in the region."

Reich will continue to report to Buckley, who will also serve as chairman of a
newly formed Brunswick Marine Council. The council will have responsibility for
coordinating Brunswick`s global marine strategy. Serving on the council with
Buckley and Reich are T.J. Chung, president - Brunswick New Technologies;
Patrick C. Mackey, president - Mercury Marine Group; Dustan E. McCoy, president
- Brunswick Boat Group; Peter G. Leemputte, senior vice president and chief
financial officer; and B. Russell Lockridge, vice president and chief human
resources officer.

" The Brunswick European Group will enable us to more successfully leverage
Brunswick`s overall strengths in marine technologies and products as well as our
leadership in boat and engine integration, distribution and service," Buckley
added. " Vicki will be responsible for our boat, engine, and parts and
accessories brands that are manufactured in these regions as well as
responsibility for all aspects of the distribution of marine products imported
into these regions. In addition, she will spearhead our efforts to improve
productivity through shared services among all Brunswick operations in the area
as well as pursue merger and acquisition opportunities in the marine
marketplace."

Reporting to Reich will be Jacques A. Bronchart, general manager - Marine Power
Europe, who will also serve in an advisory role for the group`s business
development initiatives; the Sealine International organization; Marcel
Rijnbeek, managing director - European operations for Sea Ray International;
Francois Sebire, managing director - European office for US Marine; and Tony
Caviglia, director of business development. In addition, Francis Vanbergen has
been named chief financial officer for the Brunswick European Group. Vanbergen
had been director - finance, administration and ICT for Marine Power Europe as
well as director - Brunswick European Treasury Center.

About Brunswick

Headquartered in Lake Forest, Ill., 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; Teignbridge propellers; MotoTron electronic
controls; Northstar marine electronics; Navman GPS-based products; IDS dealer
management systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian, Sealine,
Bermuda, Ornvik, Savage and Uttern pleasure boats; Baja high- performance boats;
Arvor, Boston Whaler and Trophy offshore fishing boats; Crestliner, Lowe, Lund
and Princecraft aluminum fishing, deck and pontoon boats; Mercury and
Quicksilver inflatable boats; Attwood marine parts and accessories; Land `N` Sea
marine parts and accessories distributor; Life Fitness, Hammer Strength and
ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer
products; Brunswick billiards tables; and Valley-Dynamo pool, air hockey and
foosball tables. For more information, visit www.brunswick.com
SOURCE Brunswick Corporation

[Mannerl]

Reuters
Moody`s revises Brunswick Corp outlook to positive
Tuesday May 18, 5:13 pm ET


(The following statement was released by the rating agency)
Approximately $600 million of debt affected

NEW YORK, May 18 - Moody`s Investors Service changed Brunswick Corporation`s (NYSE:BC - News) rating outlook to positive from stable and affirmed the company`s existing Baa2 senior unsecured ratings. The change in rating outlook reflects Moody`s expectation that Brunswick`s credit statistics are likely to improve over the next twelve months due to, 1. the improving economic climate and the introduction of new products that is driving higher demand for boats and engines; 2. increasing EBIT margins due to positive operating leverage as revenues increase; 3. the expected positive earnings contribution from recent strategic acquisitions. The change in outlook also considers the positive impact of actions taken by the company to rationalize productive capacity and reduce unit manufacturing costs that enabled Brunswick to generate free cash flow through the downturn in the marine industry.

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Throughout 2003 Brunswick reported improving sales (+11%) and margin (up 70 basis points) trends due to both organic growth and acquisitions despite a challenging operating environment. In the first quarter of 2004 sales and earnings growth accelerated faster than expected reflecting, in Moody`s opinion, both the cyclical upturn in demand for marine products as well as successful new product introductions such as the Bayliner 175, 17-foot entry level boat. In addition, Verado, a new super charged, four stroke, low emissions outboard engine introduced recently is expected to help drive engine demand going forward. Retained cash flow to total adjusted debt has improved to about 24% while total coverage approximates 5.7x on a trailing twelve month basis.

Brunswick`s ratings incorporate its strong market position and brand equity in pleasure boats and marine engines, as well as its emphasis on cost controls, process improvements and technological leadership. The ratings are bolstered by the company`s focused business strategy and conservative financial management that includes a targeted debt to capitalization ratio of around 35%. Demand for Brunswick`s products are expected to be favorably impacted by continuing demographic and lifestyle shifts - particularly the aging baby boomers with disposable income and a desire for an active lifestyle.

The ratings reflect the company`s concentration in the marine industry as well as its vulnerability to economic cycles given the discretionary nature of the demand for its product offerings. Moody`s believes that because the company`s businesses are more dependent upon discretionary consumer spending habits, it is more vulnerable to economic cycles than other consumer durable manufacturers. As a result, we expect Brunswick to maintain credit statistics that are stronger relative to less cyclical companies in the same rating category. The company has been actively acquiring additional brands, technology and expanding into related but nevertheless new businesses (such as parts and accessories) which creates risk. However, to date the company has managed the integration challenges and financed the purchases predominately with free cash flow. Moody`s expects Brunswick to continue making strategic acquisitions with in its core businesses and to finance them principally with free cash flow.

A rating upgrade could be considered when the company`s margins improve closer to historic levels, adjusted debt to EBITDAR falls to around 2.0x, retained cash flow to adjusted debt reaches around 40% and assuming that Moody`s can gain comfort that the company can maintain an improved credit profile in the context of its strategic objectives, financial policy priorities and the normal cyclical patterns of the industry.

Ratings affirmed:

Senior unsecured notes and debentures at Baa2.

Senior shelf at (P)Baa2.

Preferred shelf at (P)Ba1.

Commercial Paper at Prime-2.

Brunswick is headquartered in Lake Forest, Illinois. The company manufactures marine engines, pleasure boats, bowling capital equipment and fitness equipment, and operates retail bowling centers. Sales in fiscal year ended December 2003 were approximately $4.1 billion.

[Mannerl]

Reuters
S&P raises Brunswick Corp corporate credit rating
Thursday May 20, 4:32 pm ET


(The following statement was released by the rating agency)
NEW YORK, May 20 - Standard & Poor`s Ratings Services raised its long-term ratings on leisure company Brunswick Corp., including its corporate credit rating to `BBB+` from `BBB`.

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At the same time, the `A-2` short-term ratings on the company were affirmed. The current outlook is stable. The Lake Forest, Ill.-based company is the recreational marine industry market leader. Total debt as of March 31, 2004, was $635 million.

"The upgrade reflects the company`s increased market share, good discretionary cash flow, and its ability to maintain its financial profile through the economic cycle," said Standard & Poor`s credit analyst Hal Diamond.

Sales rose 28% in the seasonally weak first quarter ended March 31, 2004, while EBITDA increased 59% due to favorable operating leverage and cost reductions. Retail demand for marine products is increasing in 2004, which would be the first annual improvement in retail demand since 2000. Brunswick recently revised upward its guidance for the full 2004, with the expectation of achieving marine sales growth in the 27%-29% range, and sales growth for the fitness and bowling segments in the high-single digit range. The company also anticipates achieving full year operating margins improvement in the range of 150 to 200 basis points despite costs associated with new product introductions, new plant openings and the impact of the transition to low-emission outboard engines.

The company`s financial policies and moderate capital structure mitigate the earnings volatility. Since 2000, Brunswick has reduced debt levels while pursuing acquisitions, funding these cash uses with discretionary cash flow and nonmarine asset sales. The company funded its March 2004 acquisition of three aluminum boat brands for $191 million largely with excess cash.

[Mannerl]

keine schlechten Zahlen...

...

Brunswick Reports EPS of $0.93 in Second Quarter


LAKE FOREST, Ill., Jul 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- Brunswick
Corporation (NYSE: BC) reported today a 68 percent increase in net earnings on
33 percent sales growth and a 60 percent improvement in operating earnings for
the second quarter of 2004. Net earnings totaled $90.1 million, or $0.93 per
diluted share, for the second quarter, compared with net earnings of $53.6
million, or $0.59 per diluted share, for the year-ago quarter.

"All of our operations -- marine, fitness and bowling and billiards --
registered double-digit sales growth for the period, contributing to the
company`s outstanding performance in the quarter," said Brunswick Chairman and
Chief Executive Officer George W. Buckley. "A stronger marine retail
environment, popular new boats, engines and fitness equipment and recent
acquisitions were the primary drivers behind the 33 percent sales gain.
Excluding the effects of acquired businesses that were not part of the company a
year ago, sales were up a strong 17 percent in the quarter. In addition, higher
sales and production volumes, combined with effective cost management, resulted
in a 60 percent increase in operating earnings to $139.5 million and a 170 basis
point improvement in operating margins to 9.8 percent for the quarter. Our
balance sheet remains in excellent shape, with debt-to-total capital of 31.9
percent at quarter end as compared with 34.9 percent a year earlier, and cash
reached $438.2 million. The combination of sales growth, earnings growth and
cash flow performance was quite remarkable this quarter."

Second Quarter Results

For the quarter ended June 30, 2004, net sales increased 33 percent to $1,422.7
million, up from $1,071.0 million a year earlier. Operating earnings rose to
$139.5 million compared with $87.2 million in the year-ago quarter, and
operating margins improved to 9.8 percent from 8.1 percent. Net earnings totaled
$90.1 million, or $0.93 per diluted share, up 68 percent from $53.6 million, or
$0.59 per diluted share, for the second quarter of 2003.

[Mannerl]

warum muss so eine Firma wie Brunswick sowas wie eine Bank aufmachen..

...

UBS übernimmt restliche Anteile an Brunswick UBS

Die Schweizer Großbank UBS (Nachrichten) teilte am Dienstag mit, dass sie die bislang noch nicht in ihrem Besitz befindlichen 50 Prozent der Anteile an der Brunswick (Nachrichten) UBS, einem 1997 gegründeten russischen Joint-Venture von Brunswick Capital und UBS, übernehmen wird.

Einzelheiten der Übernahme, die im vierten Quartal abgeschlossen werden soll, wurden nicht bekannt.

[Mannerl]

Brunswick Raises Common Stock Dividend

LAKE FOREST, Ill., Oct. 25 /PRNewswire-FirstCall/ -- Brunswick (Nachrichten) announced today that its board of directors has approved a 20 percent increase in its regular annual dividend to $.60 per share from $.50 per share. The company said the annual dividend was payable Dec. 15, 2004, to shareholders of record on Nov. 22, 2004.

"The increase reflects the company`s strong cash flow and our ongoing objective to enhance value for our shareholders," commented Brunswick Chairman and Chief Executive Officer George W. Buckley.

Headquartered in Lake Forest, Ill., 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; Teignbridge propellers; MotoTron electronic controls; Northstar marine electronics; Navman GPS-based products; IDS dealer management systems; Sea Ray, Bayliner, Maxum, Hatteras, Meridian, Sealine, Bermuda, Ornvik, Savage and Uttern pleasure boats; Baja high- performance boats; Arvor, Boston Whaler and Trophy offshore fishing boats; Crestliner, Lowe, Lund and Princecraft aluminum fishing, deck and pontoon boats; Attwood marine parts and accessories; Land `N` Sea marine parts and accessories distributor; Life Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables; and Valley-Dynamo pool, Air Hockey and foosball tables. For more information, visit http://www.brunswick.com/ .

[Mannerl]

[Mannerl]

Brunswick Reports EPS of $0.75 in Third Quarter

LAKE FOREST, Ill., Oct. 28 /PRNewswire-FirstCall/ -- Brunswick (Nachrichten) reported today net earnings of $72.9 million, or $0.75 per diluted share, for the third quarter of 2004, compared with $37.9 million, or $0.41 per diluted share, for the year-ago quarter. The company said that earnings in the 2004 third quarter benefited by approximately $0.10 per diluted share from completion of a tax audit, discussed below. Operating earnings in the third quarter of 2004 rose 59 percent on a 23 percent sales gain.

"Led by our marine and fitness equipment units, we had another excellent quarter of solid sales growth," commented Brunswick Chairman and Chief Executive Officer George W. Buckley. "Higher unit volumes due to market growth and the success of new products, strength in international markets and contributions from acquisitions completed earlier this year were the primary drivers behind the 23 percent sales gain. Excluding sales from companies that were not in the portfolio a year ago, sales were up 14 percent in the third quarter. Through effective cost management and higher unit volumes, we leveraged our top-line growth into a 59 percent increase in operating earnings to $99.3 million and a 180 basis point improvement in operating margins."

"We again ended the quarter with our balance sheet in excellent shape. Debt-to-total capital was 30.7 percent at quarter end, compared with 33.3 percent a year earlier, and cash reached $493.1 million. This provides us with the financial flexibility to make additional acquisitions and investments, advance our core businesses and capitalize on opportunities to carry out our growth strategy," Buckley said.

"Our third quarter results were achieved despite an increasingly competitive global marketplace and disruptions caused by the four hurricanes that hit Florida and impacted much of the Southeastern United States," Buckley added. "Fortunately, their immediate effect on Brunswick was minimized through the grit and determination of our dedicated employees. We estimate that interruptions to our sales and production efforts during those trying weeks cost Brunswick about $0.05 in earnings per diluted share in the third quarter."

"Although the storms have passed, we probably haven`t seen the end of their impact on our business," Buckley continued. "The fourth quarter is seasonally the slowest for marine retail sales, and the sales effect of the hurricanes will likely linger for a while longer. As you would expect, people will probably be more focused on rebuilding and repairing their homes and getting their lives back together than on repairing or replacing their boats. Once repairs have been made to the infrastructure, such as damaged docks and marinas, there will, however, be a longer-term new boat and repair part sales opportunity. Our objective is to get a disproportionate share of that opportunity. The replacement cycle will most likely be layered in over several quarters. Further, industry estimates are still being compiled and, at this time, we don`t know how many boats were totally destroyed versus damaged. Insurance industry estimates of sailboat and powerboat repairs and replacements from all four hurricanes exceed $680 million, excluding damage that occurred in the Caribbean and to the marine infrastructure. With many moving parts, these things are difficult to predict accurately, but we have assumed some lingering hurricane impact in our current-year earnings estimate."

Third Quarter Results

For the quarter ended Sept. 30, 2004, net sales increased 23 percent to $1,273.2 million, up from $1,036.3 million a year earlier. Operating earnings rose to $99.3 million compared with $62.5 million in the year-ago quarter, and operating margins improved to 7.8 percent from 6.0 percent. Net earnings totaled $72.9 million, or $0.75 per diluted share, up 92 percent from $37.9 million, or $0.41 per diluted share, for the third quarter of 2003.