Corporate and Financial
Brunswick Executives to Meet With Analysts; Meeting Webcast Live
LAKE FOREST, Ill., Dec. 11 /PRNewswire-FirstCall/ -- Brunswick Corporation
(NYSE: BC) said that Chairman and Chief Executive Officer Dustan E. McCoy,
Senior Vice President and Chief Financial Officer Peter G. Leemputte and key
operating executives will be meeting with analysts and investors in Chicago
today to review the company's strategic objectives and growth prospects.
McCoy will provide an overview of Brunswick's strategies and operations,
as well as an update on current marine market conditions and factors
contributing to the decline in retail demand for boats. In addition, the
company will affirm its previously announced earnings estimate for 2007 of
$1.20 to $1.30 per diluted share.
Subjects to be covered by the other speakers at the meeting will include
the following:
- Patrick C. Mackey, executive vice president and chief operating
officer -- marine and president -- Mercury Marine Group, will focus on
Brunswick's many efforts to reduce costs and improve efficiencies,
including Lean Six Sigma projects, rationalizing and reconfiguring
Brunswick's global manufacturing footprint, and greater use of
platform design, engineering and manufacturing techniques across
brands and product lines.
- Warren N. Hardie, president -- Brunswick Bowling & Billiards, will
bring investors up-to-date on the recent expansion of Brunswick's
popular Zone XL centers as well as trends in the worldwide bowling and
billiards markets.
- John E. Stransky, president -- Life Fitness Division, will speak to a
multitude of new products as well as technological upgrades and
innovative and interactive features that have been made across the
division's product portfolio.
- Richard C. Stone, president -- Sea Ray Group, will update investors on
Brunswick's efforts to focus on "best product and distribution."
The company said that the meeting would be Webcast live on the Internet
beginning at 9 a.m. (CST). It can be accessed at http://www.brunswick.com.
Go to the Web site at least 15 minutes before the event to register, download
and install any needed audio software. The presentations will subsequently be
archived and available on the Brunswick Web 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 (i) the amount of
disposable income available to consumers for discretionary purchases, and (ii)
the level of consumer confidence on the demand for marine, fitness, billiards
and bowling equipment and products; the effect of higher product prices due to
technology changes and added product features and components on consumer
demand; the effect of competition from other leisure pursuits on the level of
participation in boating, fitness, bowling and billiards activities; the
effect of interest rates and fuel prices on demand for marine products; the
ability to successfully manage pipeline inventories; the financial strength of
dealers, distributors and independent boat builders; the ability to maintain
mutually beneficial relationships with dealers, distributors and independent
boat builders; the ability to maintain effective distribution and to develop
alternative distribution channels without disrupting incumbent distribution
partners; the ability to maintain market share, particularly in high-margin
products; the success of new product introductions; the success of marketing
and cost management programs; the ability to maintain product quality and
service standards expected by customers; competitive pricing pressures; the
ability to develop cost-effective product technologies that comply with
regulatory requirements; the ability to transition and ramp up certain
manufacturing operations within time and budgets allowed; the ability to
successfully develop and distribute products differentiated for the global
marketplace; shifts in currency exchange rates; adverse foreign economic
conditions; the success of global sourcing and supply chain initiatives; the
ability to obtain components and raw materials from suppliers; increased
competition from Asian competitors; competition from new technologies; the
ability to complete environmental remediation efforts and resolve claims and
litigation at the cost estimated; the effect of weather conditions on demand
for marine products and retail bowling center revenues; and the ability to
successfully integrate acquisitions. Additional factors are included in the
company's Annual Report on Form 10-K for 2006 and Quarterly Report on Form
10-Q for the quarter ended Sept. 30, 2007.
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, Cypress Cay, Harris, Hatteras, Kayot, Laguna, Lowe,
Lund, Maxum, Meridian, Ornvik, Palmetto, Princecraft, Quicksilver, Rayglass,
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 Corporation, +1-847-735-4617, cell,
+1-847-769-8385, daniel.kubera@brunswick.com
Web site: http://www.brunswick.com
