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Stock Market & Financial Investment News

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March 4, 2013
16:14 EDTBCBrunswick says production consolidation to reduce costs, shorten production time
"This action allows us to reduce production costs and shorten production cycle times of yachts. Further, the transition is planned so that we can take full advantage of initial retail demand for our new yacht models that we are bringing to the marketplace over the next two years. Concurrent with the transition, comprehensive marketing materials will be provided to our dealer network to support the pre-sale of the new yacht models under development. We can still support significant sales growth in these segments, as our post-consolidation manufacturing footprint will retain capacity to compete in a market in excess of 2.5 times current worldwide demand for yachts and motor yachts," said BBG President Andy Graves.
News For BC From The Last 14 Days
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January 30, 2015
10:00 EDTBCOn The Fly: Analyst Downgrade Summary
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08:06 EDTBCBrunswick downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Brunswick to Outperform given valuation and limited operating leverage over the next few quarters given production constraints and investments. Price target raised to $59 from $51.
January 29, 2015
11:14 EDTBCBrunswick sees 1H revenue growth high-single to low double-digit range
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07:45 EDTBCBrunswick sees 2015 adjusted EPS $2.70-$2.85, consensus $2.88
Sees 2015 free cash flow $150M-$170M. The company said, "We expect our businesses' top-line performance will continue to benefit from several recent product introductions, along with increases in production rates and capacity. Market acceptance of these products has been excellent, and as a result, our plan reflects revenue growth rates in 2015 to be in the range of 6 percent to 8 percent. Although category and regional strengths and weaknesses exist in the marine and fitness markets, the demonstrated resiliency of both marine participation and the overall commercial fitness market, combined with the continued successful execution of our growth strategy, give us the confidence that we can achieve the financial targets outlined in our 2016 plan, absent any additional significant changes in global macroeconomic conditions. Against the backdrop of our revenue targets, our 2015 plan reflects a slight improvement in gross margin levels and solid gains in operating margins."
07:43 EDTBCBrunswick reports Q4 adjusted EPS 33c, consensus 27c
Reports Q4 revenue $938.6M, consensus $927.06M.

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