Brunswick sales fall 52 percent, lead to $164 mil. 2Q loss
LAKE FOREST -- Brunswick Corp. reported a second quarter net loss of $163.7 million, or $1.85 a share, compared with a loss of $6 million, or 7 cents a share, a year before.
The world's largest maker of recreational boats as well as bowling, billiards and fitness products said its losses widened as a result of continued weakness in its core marine markets.
Sales fell 52 percent to $718.3 million.
"Global demand for our products continues to be constrained across all of our businesses and is consistent with the trends experienced in the previous two quarters," said Brunswick's Chairman and Chief Executive Officer Dustan E. McCoy.
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