Brunswick Corporation : Brunswick Announces Stock Repurchase Authorization
LAKE FOREST, Ill., Oct. 22, 2014 - Brunswick Corporation (NYSE: BC) today announced that its board of directors has authorized the discretionary repurchase of up to $200 million of the Company's outstanding common stock. Share repurchases will be systematically completed in the open market or through privately negotiated transactions over approximately a two-year period. "The Brunswick organization has successfully executed against our operating and financial plans, and is focused on a well-defined strategy to generate continued growth in revenue and earnings over the next planning period," explained Dustan E. McCoy, Brunswick chairman and chief executive officer. "The authorization for the repurchase of common stock reflects our progress as well as our confidence in Brunswick's future prospects. The repurchase also allows us another means to enhance shareholder value over the coming years." 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; Attwood and Whale marine parts and accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine and Bell RPG parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris FloteBote, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats, and Life Fitness and Hammer Strength fitness equipment, and Brunswick billiards tables and table tennis. For more information, visit http://www.brunswick.com. ### Release: IMMEDIATE Contact: Bruce Byots Vice President - Corporate and Investor Relations Phone: 847-735-4612 Email: bruce.byots@brunswick.com Contact: Daniel Kubera Director - Media Relations and Corporate Communications Phone: 847-735-4617 Email: daniel.kubera@brunswick.com This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Brunswick Corporation via GlobeNewswire [HUG#1864870]
Released October 22, 2014