Brunswick Corporation (BC) has a market cap of $5.1 billion. It rose 0.16% to close at $55.82 per share on January 18, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 1.4%, 3.3%, and 2.4%, respectively, on the same day.
BC is trading 1.0% above its 20-day moving average, 8.0% above its 50-day moving average, and 15.5% above its 200-day moving average.
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Latest news on BC
Jaime A. Irick has been appointed as the president of Brunswick’s Fitness division, effective immediately. Irick will report to Mark D. Schwabero, the company’s chairman and chief executive officer.
Brunswick’s performance in fiscal 3Q16
Brunswick (BC) reported fiscal 3Q16 net sales of $1.1 billion—a rise of 10.2% over its net sales of $991.9 million in fiscal 3Q15. Sales from the Marine Engine, Boat, and Fitness segments rose 6.4%, 13.2%, and 20.3%, respectively, between fiscal 3Q15 and fiscal 3Q16.
The company’s operating margin narrowed by 50 basis points, and it reported restructuring and integration charges of $2.4 million in fiscal 3Q16.
BC’s net income and EPS (earnings per share) rose to $85.4 million and $0.93, respectively, in fiscal 3Q16, compared to $75.9 million and $0.81, respectively, in fiscal 3Q15. It reported adjusted EPS of $0.91 in fiscal 3Q16, a YoY (year-over-year) rise of 18.2%.
Brunswick’s cash and cash equivalents fell 33.5%, and its inventories rose 10.2% between fiscal 4Q15 and fiscal 3Q16.