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%) |
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) |
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) |
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Comparable companies:
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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.
