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BC > SEC Filings for BC > Form 8-K on 17-Jan-2013All Recent SEC Filings

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Form 8-K for BRUNSWICK CORP


17-Jan-2013

Regulation FD Disclosure


Item 7.01. 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


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 )


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


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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