Brunswick Net Off As Fitness Slows
Net income was down 7% to $79.0 million from $85.4 million on a 4% sales increase to $1,141.5 million from $1,093.0 million for the quarter ended Sep. 30 as the fitness segment saw operating income dip 33% to $19.4 million from $29.1 million while sales rose 2% to $242.8 million from $237.6 million. Sales were flat organically with the increase coming from the ICG acquisition. BC noted softness in sales in the U.S. market of high-end products and softness in Europe as well, partially offset by strength of Asia. BC remained optimistic that new technology innovations would ... Log in to view full article.