Corporate and Financial
Brunswick CFO Addresses Investors at Raymond James Conference
ORLANDO, Fla., March 6 /PRNewswire-FirstCall/ -- Brunswick Corporation
(NYSE: BC) Senior Vice President and Chief Financial Officer Peter G.
Leemputte will be addressing analysts and investors today at the Raymond James
Institutional Investors Conference in Orlando, Fla.
In his remarks, Leemputte will review the company's strategy, outlook, and
several new products and other dealer efforts recently launched by Brunswick.
In addition, he will reconfirm the company's previously announced earnings
estimate of $1.65 to $2.00 per share from continuing operations for 2007. In
2006, on a comparable basis, the company reported diluted EPS of $2.28.
Among the new products to be cited is Life Fitness' new ability to
seamlessly integrate its fitness equipment and Apple Computer's popular iPod.
This connectivity makes it possible for iPod users to plug in and charge their
iPods, watch video on the equipment's large LCD screen and to control the
playing of their iPod music libraries from the fitness equipment console.
Brunswick's Mercury Marine unit will also be highlighted for its
revolutionary Zeus and Project Apollo marine propulsion systems. Both systems
use an intuitive joystick control that enables the boat to travel sideways as
well as forward and back in the water, providing precise turning and tight
maneuvering control when docking a boat. Zeus is used on diesel-powered pod
drive boats 38 feet and larger. Project Apollo is appropriate for dual
installation gasoline sterndrive-powered boats between 28 and 38 feet.
Finally, Leemputte will tell investors about Brunswick Dealer Advantage, a
sweeping and comprehensive package of tools, products and services available
only from Brunswick to all of its 5,000 boat and/or engine dealers. Dealer
Advantage focuses on the operational needs, employees and customers of
independent marine dealers, offering ways to build their business and cut
costs by utilizing Brunswick's industry leading partners. Those partners
include ADP(R), Arthur J. Gallagher, AXA(R) Equitable, CDW(R), Grubb &
Ellis(R), Sprint(R), Staples(R), US Bank(R) and UPS(R).
Leemputte's presentation will be Webcast live beginning at approximately
2:15 p.m. (EST) today, Tuesday, March 6. The Webcast can be accessed through
the Brunswick Corporation Web site at http://www.brunswick.com . Go to the
site at least 15 minutes before the presentation to register, download and
install any needed audio software. Replays will be available on the Brunswick
site.
Forward-Looking Statements
Certain statements in this news release are forward looking as defined in
the Private Securities Litigation Reform Act of 1995. These statements involve
certain risks and uncertainties that may cause actual results to differ
materially from expectations as of the date of this news release. These risks
include, but are not limited to: the effect of a weak economy and stock market
on consumer confidence and thus the demand for marine, fitness, billiards and
bowling equipment and products; competitive pricing pressures; the success of
new product introductions; the ability to maintain effective distribution; the
financial strength of dealers, distributors and independent boat builders; the
effect of weather conditions on demand for marine products and retail bowling
center revenues; the ability to transition and ramp up certain manufacturing
operations within time and budgets allowed; the ability to successfully manage
pipeline inventories; the ability to successfully integrate acquisitions; the
ability to successfully complete announced divestitures; the effect of
limited water access on the demand for marine products; the ability to
develop product technologies that comply with regulatory requirements; the
effect of higher energy costs; the ability to complete environmental
remediation efforts and resolve claims and litigation at the cost estimated;
the impact of interest rates and fuel prices on demand for marine products;
shifts in currency exchange rates; and the effect of adverse foreign economic
conditions and the demand for marine products. Additional details are
included in the company's Annual Report on Form 10-K for 2006.
About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to
instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including
Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and
inboard engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron
electronic controls; Albemarle, Arvor, Baja, Bayliner, Bermuda, Boston Whaler,
Cabo Yachts, Crestliner, Harris, Hatteras, Kayot, Laguna, Lowe, Lund, Maxum,
Meridian, Ornvik, Palmetto, Princecraft, Quicksilver, Savage, Sea Boss, Sea
Pro, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood
marine parts and accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine
and Benrock parts and accessories distributors; IDS dealer management systems;
Life Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick
bowling centers, equipment and consumer products; Brunswick billiards tables;
and Dynamo, Tornado and Valley pool tables, Air Hockey and foosball tables.
For more information, visit http://www.brunswick.com .
SOURCE: Brunswick Corporation
CONTACT: Dan Kubera, Director - Media Relations and Corporate
Communications of Brunswick, +1-847-735-4617
Web site: http://www.brunswick.com
