Buckley to reconfirm Brunswick’s earnings estimates
March 8, 2005
Filed under Market Outlook
CHICAGO – George Buckley, CEO of Brunswick Corp., was expected to reconfirm his company’s earnings estimates today while speaking at the Raymond James & Associates Institutional Investors Conference in Orlando, Fla., Brunswick reported in a release yesterday.
Buckley will point to Brunswick’s accomplishments and plans, along with favorable market data, to reconfirm Brunswick’s previously announced earnings estimates for the year of $3.15 to $3.30 per share for 2005, up from the $2.77 EPS reported for 2004.
The company bases its estimate on the assumption that the marine industry will be up 5 to 6 percent at retail, which will drive Brunswick’s sales growth to be up between 11 to 12 percent for 2005, with operating margin improvement of between 70 to 100 basis points.
Buckley will also outline Brunswick’s continued pursuit of a “customer-led strategy” for growth, emphasizing innovation and technology as well as focusing on operations excellence and financial discipline. He will add that Brunswick will blend organic growth and select acquisitions with efforts to reduce costs and improve efficiencies to grow both sales and earnings to further its position as “the world’s pre-eminent company in all its core business segments.”
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