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UPDATE 1-Brunswick posts loss; sees no near-term rebound

Thu Apr 30, 2009 9:33am EDT

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* Reports $2.08 a share loss

* Sales down 45 percent

* Sees little hope of turnaround in 2009

CHICAGO, April 28 (Reuters) - Brunswick (BC.N) Corp, the world's largest maker of recreational boats and marine engines, reported a quarterly loss on Thursday as demand for pricey watercraft continued to suffer as a result of the economic downturn.

The company said it lost $184.2 million, or $2.08 a share, during the first quarter. During the comparable quarter last year, Brunswick reported a profit of $13.3 million, or 15 cents a share.

Sales fell 45 percent to $734.7 million. Even the company's smaller fitness, billiards and bowling businesses performed poorly.

Brunswick, which has already slashed its workforce and shut factories, said it was "not planning for any meaningful economic recovery in 2009" and said it expected to take additional restructuring actions. (Reporting by James B. Kelleher; Editing by Brian Moss)



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