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Article: Mercury Marine parent says it will build more boats Brunswick seeks to replenish inventories
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 30, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By RICK BARRETT
Brunswick Corp., which owns Mercury Marine Inc. in Fond du Lac,
said Thursday it plans to increase boat production in 2010 to help
dealers restock depleted inventories.
The move should reduce Brunswick's losses next year, executives
with the Lake Forest, Ill., company said in a conference call
addressing third-quarter earnings.
The world's largest maker of recreational boats, as well as
fitness, bowling and billiards products, narrowed its loss to $114.3
million, or $1.29 a share, from $729.1 million, or $8.26, a year
ago.
Sales fell 36% to $665.8 million from $1.04 billion.
Mercury Marine's sales fell 29% to $363.5 million, while
Brunswick's boat sales sank 62% to $118.2 ...