AP NEWS

Brunswick: 4Q Earnings Snapshot

January 30, 2020 GMT

METTAWA, Ill. (AP) _ Brunswick Corp. (BC) on Thursday reported fourth-quarter earnings of $67.1 million.

On a per-share basis, the Mettawa, Illinois-based company said it had net income of 82 cents.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The boat and sporting goods company posted revenue of $917.6 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $906.8 million.

For the year, the company reported a loss of $131 million, or $1.53 per share, swinging to a loss in the period. Revenue was reported as $4.11 billion.

Brunswick expects full-year earnings in the range of $5.10 to $5.40 per share.

Brunswick shares have risen 5% since the beginning of the year. The stock has increased 28% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BC at https://www.zacks.com/ap/BC