Brunswick reports stronger outboard, engine sales; inboard market remains weak
July 27, 2012
Filed under News
U.S. sales of outboard boats and engines continued to rebound in the second quarter for Brunswick Corp., but some challenges persist, the company said in reporting its second quarter results.
“We’re seeing an improved overall U.S. marine market, but continued declines in fiberglass sterndrives and European markets,” said chairman and CEO Dustan McCoy.
Brunswick reported sales of $591.2 million for its Mercury Marine Group in the second quarter, up slightly from $589 million in 2011. Engine sales were up 8 percent in the United States, down 19 percent in Europe and flat in the rest of the world.
Overall boat sales for Brunswick’s 18 brands were down 10 percent from 2011 to $321.9 million. The 3 percent increase in U.S. sales was overwhelmed by the 43 percent drop in European sales from 2011 for the quarter.
McCoy said the company expects shipments to increase in the second half of the year, with more growth in the aluminum and fiberglass outboard categories, but continued weakness in inboard sterndrive sales.