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
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Related links:
http://www.brunswick.com
CONTACT:
Dan Kubera, Director - Media Relations and
Corporate Communications of Brunswick, +1-847-735-4617
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