On Thursday, Jan. 25, Brunswick (NYSE:BC) released fourth-quarter and year-end results for the period ended Dec. 31, 2006. Here are the quick and dirty details for the boats and recreational equipment maker.

  • Sales fell 0.8% to $1.4 billion because of weakness in the core boat and marine segments. Bowling and billiards sales were also weak.
  • Total diluted earnings were negative due to restructuring charges. Continuing operation diluted earnings came in at $0.47.
  • For 2007, management expects flat sales and earnings of $1.65-$2.00 per share.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$1,371

$1,382

(0.8%)

Net Profit

($53)

$88

N/A

EPS

($0.57)

$0.90

N/A

Diluted Shares

93

98

(4.9%)

*Three months ended December 31, 2006 and 2005

Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

19.59%

22.31%

(2.72)

Operating Margin

3.22%

6.06%

(2.84)

Net Margin

(3.88%)

6.39%

(10.27)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$283

$488

(41.9%)

Accounts Rec.

$492

$472

4.4%

Inventory

$862

$817

5.5%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$449

$432

3.9%

Long-Term Debt

$726

$724

0.3%



Learn the ways of the balance sheet.

Cash Flow Highlights*

Q4 2006

Q4 2005

Change

Cash From Ops.

$315

$433

($118)

Capital Expenditures

$205

$224

($19)

Free Cash Flow

$110

$209

($99)

*12 months ended December 31, 2006 and 2005

Find out why Fools always follow the money.

Comparable companies:

  • MarineMax (NYSE:HZO)
  • Lifetime Fitness (NYSE:LTM)
  • Johnson Outdoors (NASDAQ:JOUT)

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.