BRUSWCK : Brunswick Reports Second Quarter Results
Illinois, U.S.A., Jul 28, 2011 (Thomson Reuters ONE via COMTEX) --
Higher Revenue and Improved Operating Earnings;
Outlook Continues to Reflect an Overall Stable Retail Marine Market;
Earnings Guidance Range Raised to $0.60 to $0.75
- Net sales of $1,096.3 million, up 8 percent versus second quarter 2010.
- Operating earnings improved by $52.2 million from second quarter 2010.
- Net earnings of $0.75 per diluted share versus net earnings of $0.15 per diluted share in the prior year.
- Cash and marketable securities totaled $676.8 million.
"Our second quarter results reflected higher marine wholesale shipments compared to the prior year, together with outstanding operating leverage achieved by our operating businesses," said Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "Shipments of boats and engines were supported by solid retail growth experienced at our dealers, reflecting a stable marine market combined with market share growth in our boat and marine engine segments. Our Life Fitness segment also generated significant growth in the quarter."
Second Quarter Results
For the second quarter of 2011, the Company reported net sales of $1,096.3 million, up from $1,014.7 million a year earlier. For the quarter, the Company reported operating earnings of $107.9 million, which included a gain from restructuring activities of $0.3 million, primarily resulting from the sale of certain idled marine properties. In the second quarter of 2010, the Company had operating earnings of $55.7 million, which included $24.2 million of restructuring and impairment charges.
For the second quarter of 2011, Brunswick reported net earnings of $69.3 million, or $0.75 per diluted share, compared with net earnings of $13.7 million, or $0.15 per diluted share for the second quarter of 2010. The diluted earnings per share for the second quarter of 2011 included a $0.02 per diluted share benefit from special tax items. The earnings per diluted share for the second quarter of 2010 included $0.26 per diluted share of restructuring, exit and impairment charges, and a $0.02 per diluted share of expense from special tax items.
Fuel Mix Mercury Outboard - News
E-TEC can inject fuel extremely quickly – with each quarter-turn of the crank – so the burn rate and efficiency is exceptional. Mercury Marine's Orbital-based system injects a mixture of finely-atomised fuel and compressed air into the chamber.
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;
Mixing Fuel for a Mercury Outboard Motor | Outboard Motor Oil
Older two-stroke Mercury outboard motors require hand mixing of oil and gas. Newer models like the OptiMax motors have an oil injection system that keeps the ratio of gas to oil correct. If you are using an older model two-stroke outboard motor, here is some advice for mixing fuel:
As a general rule of thumb, add three ounces of Mercury 2 stroke premium outboard motor oil for each gallon of gas. Pour the gas and oil into a singular container. Close the gas container tightly and then shake the container vigorously to ensure that the oil and gasoline mix thoroughly. Once you are confident that the solution is properly mix, add it to your boat’s fuel tank.
Fuel Mix Mercury Outboard - Bookshelf
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