Key Developments: Brunswick Corp (BC)
31.65USD
18 Jun 2013
$0.68 (+2.20%)
$30.97
$30.96
$31.73
$30.72
875,153
995,514
$37.37
$19.41
Latest Key Developments (Source: Significant Developments)
Brunswick Corp Raises FY 2013 EPS Guidance-Conference Call
Brunswick Corp announced that for fiscal 2013, as a result of first quarter of 2013 performance and abnormal market conditions, and a lower-than-expected tax rate, the Company is increasing its estimated diluted earnings per share (EPS), as adjusted, to a range of $2.30 to $2.50 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.42 for fiscal 2013. Full Article
Brunswick Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Brunswick Corp announced that for fiscal 2013, it expects diluted earnings per common share as adjusted to be in the range of $2.20 to $2.45 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.23 for fiscal 2013. Full Article
Brunswick Corp To Sell Hatteras, Cabo Yacht Brands; Lay Off 105-Reuters
Reuters reported that Brunswick Corp said it is seeking buyers for its sportfishing convertible yacht brands Hatteras and Cabo, and that it laid off about 105 workers at its New Bern facility in North Carolina. The facility had about 545 employees as of November. Brunswick bought Hatteras for $80 million in 2001 and CABO for $60 million in 2006. The lay off will affect 75 full-time and about 30 temporary workers. Full Article
Brunswick Corp Announces CFO Change-Form 8-K
Brunswick Corp reported in its Form 8-K that on December 4, 2012, Brunswick Corporation (Brunswick) announced that Peter B. Hamilton will be retiring from his position as Senior Vice President and Chief Financial Officer (CFO) of Brunswick effective March 1, 2013. On December 4, 2012, Brunswick also announced that it has appointed William L. Metzger to the position of Senior Vice President and Chief Financial Officer effective March 1, 2013. Full Article
Brunswick Corp Declares Common Stock Dividend
Brunswick Corp announced that it has declared an annual dividend on its common stock of $.05 cents per share payable Dec. 14, 2012, to shareholders of record on Nov. 20, 2012. Full Article
Brunswick Corporation Raises FY 2012 EPS Guidance; Lowers FY 2012 Revenue Guidance; Lowers FY 2012 Charge Guidance-Conference Call
Brunswick Corporation announced that for fiscal 2012, it is increasing its GAAP earnings guidance to a range of $1.45 per share to $1.60 per share (EPS), targeting low single-digit revenue growth, versus previous outlook of mid-single-digit growth and restructuring charges, to be lower than prior estimate. The Company reported revenue of $3.748 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.48 on revenue of $3.877 billion for fiscal 2012. Full Article
Brunswick Corporation Sees FY 2012 Charge Guidance-Conference Call
Brunswick Corporation announced that it current estimates for fiscal 2012 restructuring charges is now in the $5 million to $10 million range, or $0.05 to $0.10 per share from previously announced actions. Full Article
Brunswick Corporation Comments On Long Term Guidance; Issues FY 2014 Guidance; Revenue And EPS Guidance Below Analysts' Estimates-Conference Call
Brunswick Corporation announced that for next three years, it expects revenue growth in the mid single digit CAGR range, operating earnings grow at double digit CAGR range. For fiscal 2014 it expects earnings in the range of $2-$2.45 per share (EPS), double-digit CAGR EBIT growth to between $310-$360 million and revenues in the range of $4.2-$4.5 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $3.93 billion and EBIT of $235 million for fiscal 2012; revenue of $4.19 billion and EBIT of $291 million for fiscal 2013; revenue of $4.6 billion and EPS of $2.53 for fiscal 2014. Full Article
Brunswick Corporation Issues FY 2012 EPS Guidance In Line With Analysts' Estimates; Issues Q1 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Brunswick Corporation announced that it expect fiscal 2012 GAAP earnings per share (EPS) to be in the range of $1.20 to $1.50 per share. Revenues are likely to be down in the mid single-digit range in the first quarter of 2012, compared to 2011. The Company reported revenue of $985.90 million in the first quarter of 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.37 for fiscal 2012 and revenue of $1.012 billion for the first quarter of 2012. Full Article
Brunswick Corporation Issues FY 2011 EPS Guidance In Line With Analysts' Estimates-Conference Call
Brunswick Corporation announced that for fiscal 2011, it expects earnings per share to be in the range of $0.65-$0.75 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.68 for fiscal 2011. Full Article
UPDATE 1-Brunswick to sell Hatteras, Cabo yacht brands; lay off 105
Jan 3 - Recreational boat maker Brunswick Corp said it is seeking buyers for its sportfishing convertible yacht brands Hatteras and Cabo, and that it laid off about 105 workers at its New Bern facility in North Carolina.
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