Brunswick Corporation, Lake Forest, Illinois, says weather has had a negative effect on its marine and bowling segments. The multi-brand boat builder announced that preliminary first quarter 2014 revenues reflect a three percent decline, compared to the prior year.
The Company anticipates its diluted first-quarter earnings per common share will be in the range of US $0.59 to US $0.60.
“Weather conditions in important marine markets had a negative impact on first quarter US retail and wholesale demand,” said Brunswick Chairman and Chief Executive Officer Dustan 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 US $2.40 to US $2.55.”
First Quarter Earnings and Conference Call
Brunswick will release its first quarter 2014 financial results before the market opens on Thursday, April 24 by way of an advisory release, notifying the public that the complete and full-text results will be available on the its website (www.brunswick.com/investors). The results also will be available on the SEC's website with the Form 8-K filing of the release (http://goo.gl/wJQN1).
Brunswick will also will hold a conference call at 10 am (CDT) on April 24, hosted by Dustan E. McCoy; William L. Metzger, Senior Vice President and Chief Financial Officer; and Bruce J. Byots, Vice President – Corporate and Investor Relations.
Security analysts and investors wishing to participate via telephone should call (866) 318-8617 (passcode: Brunswick Q1). Callers outside of North America should call (617) 399-5136 (passcode: Brunswick Q1) to be connected. These numbers can be accessed 15 minutes before the call begins, as well as during the call.
To listen via Internet go to http://www.brunswick.com/investors/. Those wishing to listen should visit the website at least 15 minutes before the call to register, download and install any needed audio software. Dial-in numbers can be accessed 15 minutes before the call begins, as well as during the call. A replay of the conference call will be available through midnight (CDT) May 10, by calling (888) 286-8010 or international dial (617) 801-6888 (passcode: 14661710). The replay also will be available at www.brunswick.com.