04/19 5:09P (DJ) PRESS RELEASE: Brunswick 2004 First Quarter Results to
Exceed Prior Estimates
Story 7307 (BC, I/ENT, I/MRE, I/REC, I/REQ, I/XDJGI, I/XFFX, I/XISL...)
LAKE FOREST, Ill., April 19 /PRNewswire-FirstCall/ -- Brunswick Corporation
(NYSE: BC) announced today it will report earnings estimated between $0.48 and
$0.50 per diluted share for the first quarter of 2004. Further, the company
raised its estimate for the full year to between $2.45 and $2.65 per diluted
share. Previously, the company had estimated diluted earnings per share in
the range of $0.35 to $0.40 for the first quarter and $2.10 to $2.30 for 2004.
The company said that strong performances from its Marine Engine and Boat
segments were the primary reasons for the better-than-expected results for the
"We continue to see growing demand at retail for our marine products,"
explained Brunswick Chairman and Chief Executive Officer George W. Buckley.
"The improving marine environment, the strong first quarter, along with the
$0.08 to $0.10 per share contribution from the three aluminum boat companies
we acquired earlier this month, are behind the increase in our earnings
estimates for 2004."
Brunswick will release its first quarter 2004 financial earnings results on
Tuesday, April 27, 2004, before the market opens.