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| BC > SEC Filings for BC > Form 8-K on 17-Jan-2013 | All Recent SEC Filings |
17-Jan-2013
Regulation FD Disclosure
On December 31, 2012, the Board of Directors of Brunswick Corporation (the "Company") authorized the Company to exit its Hatteras and CABO boat businesses. As a result, these businesses, which were previously reported in the Boat segment, will be reported as discontinued operations beginning with the fourth quarter of 2012.
In advance of the Company filing its 2012 Form 10-K, this Form 8-K provides restated historical Net sales, Operating earnings (loss) and Restructuring segment results for continuing operations for the three months and year-to-date periods ended during each quarterly period for 2011 and the first three quarters of 2012. These changes will be reflected in the earnings release for the fourth quarter of 2012 scheduled for January 24, 2013, and the management discussion and analysis and consolidated financial statements and footnotes in the Form 10-K yet to be issued for the year ended December 31, 2012.
Brunswick
Corporation
Segment Restatement - Continuing Operations
2011 - 2012
(in millions)
(unaudited)
First Quarter - Year to Date
Net Sales Operating Earnings (Loss) Restructuring
2012 2011 2012 2011 2012 2011
Marine Engine $ 489.4 $ 501.1 $ 47.9 $ 57.7 $ 1.7 $ 4.3
Boat 291.8 281.8 10.5 1.5 (1.5 ) 0.7
Marine eliminations (68.6 ) (62.3 ) - - - -
Total Marine 712.6 720.6 58.4 59.2 0.2 5.0
Fitness 157.1 156.4 23.7 23.4 - -
Bowling & Billiards 89.9 87.3 14.4 14.2 - -
Pension -
non-service costs - - (5.7 ) (7.6 ) - -
Corporate/Other - - (15.5 ) (15.9 ) - -
Total $ 959.6 $ 964.3 $ 75.3 $ 73.3 $ 0.2 $ 5.0
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Brunswick
Corporation
Segment Restatement - Continuing Operations
2011 - 2012
(in millions)
(unaudited)
Second Quarter - Year to Date
Net Sales Operating Earnings (Loss) Restructuring
2012 2011 2012 2011 2012 2011
Marine Engine $ 1,080.6 $ 1,090.1 $ 152.8 $ 157.6 $ 2.6 $ 4.0
Boat 600.5 624.1 29.2 17.6 (1.4 ) 0.4
Marine eliminations (130.5 ) (130.2 ) - - - -
Total Marine 1,550.6 1,584.0 182.0 175.2 1.2 4.4
Fitness 300.4 298.0 43.6 42.5 - 0.1
Bowling & Billiards 162.5 164.8 16.8 16.7 - -
Pension -
non-service costs - - (11.8 ) (15.2 ) - -
Corporate/Other - - (30.2 ) (32.0 ) (0.2 ) -
Total $ 2,013.5 $ 2,046.8 $ 200.4 $ 187.2 $ 1.0 $ 4.5
Second Quarter - Quarter to Date
Net Sales Operating Earnings (Loss) Restructuring
2012 2011 2012 2011 2012 2011
Marine Engine $ 591.2 $ 589.0 $ 104.9 $ 99.9 $ 0.9 $ (0.3 )
Boat 308.7 342.3 18.7 16.1 0.1 (0.3 )
Marine eliminations (61.9 ) (67.9 ) - - - -
Total Marine 838.0 863.4 123.6 116.0 1.0 (0.6 )
Fitness 143.3 141.6 19.9 19.1 - 0.1
Bowling & Billiards 72.6 77.5 2.4 2.5 - -
Pension -
non-service costs - - (6.1 ) (7.6 ) - -
Corporate/Other - - (14.7 ) (16.1 ) (0.2 ) -
Total $ 1,053.9 $ 1,082.5 $ 125.1 $ 113.9 $ 0.8 $ (0.5 )
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Brunswick
Corporation
Segment Restatement - Continuing Operations
2011 - 2012
(in millions)
(unaudited)
Third Quarter - Year to Date
Net Sales Operating Earnings (Loss) Restructuring
2012 2011 2012 2011 2012 2011
Marine Engine $ 1,584.1 $ 1,545.7 $ 227.3 $ 210.5 $ 3.0 $ 8.2
Boat 795.9 830.2 4.9 0.7 12.4 8.5
Marine eliminations (181.5 ) (166.9 ) - - - -
Total Marine 2,198.5 2,209.0 232.2 211.2 15.4 16.7
Fitness 452.3 455.2 66.7 65.1 0.1 0.1
Bowling & Billiards 237.0 244.3 20.0 19.5 - 0.3
Pension -
non-service costs - - (17.9 ) (22.8 ) - -
Corporate/Other - - (43.9 ) (45.9 ) (0.2 ) -
Total $ 2,887.8 $ 2,908.5 $ 257.1 $ 227.1 $ 15.3 $ 17.1
Third Quarter - Quarter to Date
Net Sales Operating Earnings (Loss) Restructuring
2012 2011 2012 2011 2012 2011
Marine Engine $ 503.5 $ 455.6 $ 74.5 $ 52.9 $ 0.4 $ 4.2
Boat 195.4 206.1 (24.3 ) (16.9 ) 13.8 8.1
Marine eliminations (51.0 ) (36.7 ) - - - -
Total Marine 647.9 625.0 50.2 36.0 14.2 12.3
Fitness 151.9 157.2 23.1 22.6 0.1 -
Bowling & Billiards 74.5 79.5 3.2 2.8 - 0.3
Pension -
non-service costs - - (6.1 ) (7.6 ) - -
Corporate/Other - - (13.7 ) (13.9 ) - -
Total $ 874.3 $ 861.7 $ 56.7 $ 39.9 $ 14.3 $ 12.6
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Brunswick
Corporation
Segment Restatement - Continuing Operations
2011
(in millions)
(unaudited)
Fourth Quarter - Year to Date
Net Sales Operating Earnings (Loss) Restructuring
2011 2011 2011
Marine Engine $ 1,905.3 $ 217.5 $ 11.0
Boat 1,007.6 (27.3 ) 8.3
Marine eliminations (203.3 ) - -
Total Marine 2,709.6 190.2 19.3
Fitness 635.2 93.4 0.1
Bowling & Billiards 325.2 23.6 1.9
Pension -
non-service costs - (30.4 ) -
Corporate/Other - (63.1 ) -
Total $ 3,670.0 $ 213.7 $ 21.3
Fourth Quarter - Quarter to Date
Net Sales Operating Earnings (Loss) Restructuring
2011 2011 2011
Marine Engine $ 359.6 $ 7.0 $ 2.8
Boat 177.4 (28.0 ) (0.2 )
Marine eliminations (36.4 ) - -
Total Marine 500.6 (21.0 ) 2.6
Fitness 180.0 28.3 -
Bowling & Billiards 80.9 4.1 1.6
Pension -
non-service costs - (7.6 ) -
Corporate/Other - (17.2 ) -
Total $ 761.5 $ (13.4 ) $ 4.2
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