Tuesday, May 10, 2011

Brunswick Corp. swung to a profit

Brunswick Corp. swung to a profit, lifted by its marine engine division Versace Sunglasses, handily topping Wall Street's estimate.

The Lake Forest-based manufacturer of boats, engines and bowling and billiards equipment earned $27.5 million, or 30 cents per diluted share in the first quarter ended April 2, up from a loss of $13 million, or 15 cents per diluted share, in the year-earlier quarter Bvlgari Sunglasses.
Revenues rose 17 percent to $985.9 million from $844.4 million.
The majority of Brunswick’s revenues came from its marine engine division Gucci Sunglasses. There revenues also rose 17 percent, to $520.5 million from $445.7 million.

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