Brunswick sees lower earnings despite sales increase

Article Abstract:

Brunswick Corp of Lake Forest, IL, has increased sales for the fiscal year ending Dec 31, 1999, having posted net sales of $4.3 billion for the year as compared to the $3.9 billion reported in 1998. The sales increase is attributed to strong sales of boats, marine engines and fitnes equipment. Despite sales gain for the year, Brunswick's net earnings still dropped to $37.9 million from $186.3 million in 1998. The drop in revenues is caused by charges totalling $185. million allocated for business and litigation purposes.

---

Polaris sets rcord despite PWC decline

Article Abstract:

Polaris Industries Inc posted record net income and sales for 3rd qtr FY 1999, ended Sep 30. The Minneapolis, MN-based company reported a net income of $27.2 million for the 3rd qtr, up 9% from $25.1 million in the same period a year ago. Its net sales for the quarter rose to $388.9 million from $359.9 million in the same quarter in 1998. Despite a 10% decline in personal watercraft sales, Polaris was able to achieve these record figure due to a strong sales of all-terrain vehicles and motorcycles.

Pleasure Boats NEC, Boating industry, Pleasure boats

---

Strong year for Polaris

Article Abstract:

Polar Industries Inc CEO W. Hall Wendel has reported its 10th consecutive year of record earnings with a 12% increase in sales for the FY ended on Dec 31, 1998. Adjusted net income for the year reached $70.6 million, excluding the impact of a one-time provision for a litigation loss of $61.4 million and the resulting after-tax charge of $39.6 million that were both recorded in 3rd qtr 1998. Sales for FY 1998 totaled $1.18 billion, compared to $1.05 billion in sales generated in FY 1997.

Financial management

Similar abstracts:

• Abstracts: Yes we have no magazines. A great year on tap
• Abstracts: Marketing services revs Omnicom earnings spike. Responsys to add permission marketing agency offerings
• Abstracts: A stitch in time saves cash. Let's get one thing clear. Look and learn
• Abstracts: Fiddlers on the hoof. Dealing with rejection. party time for surveyors: the Party Wall Act has recently been extended to the whole country, which will mean more lucrative work for surveyors and lawyers - and a whole lot of trouble for builders
• Abstracts: Cross-selling helps Big Flower grow. Be free debuts software, expands efforts to reach affiliates. List broker's role in e-mail marketing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.