Brunswick Posts Loss; Sees Profit Bump in 2018 on Lower Taxes
The net loss was $116.9 million in the final quarter against a profit of $17.7 million last year, pulled down by a $96.6 million pension settlement charge, $16.7 million of impairment and restructuring charges and $13.5 million for a Cybex field campaign. Excluding one-time items and the for-sale Sea Ray business both this year and last, adjusted operating earnings increased to $93.4 million from $88.4 million in Q4. Sales were up 11% to $1,090.9 million driven by a 14% gain in the Marine segment to $786.1 million while the Fitness segment increased just 3% to $304.8 million. For the full ... Log in to view full article.