Brunswick Shares Push Higher thanks to Bowling Balls and Power Boats
Brunswick Corporation (NYSE:BC) shares are up 12% today and in one year the stock has climbed 216%. Brunswick is one of the few positive stories today impacting the market, and I'm sure we are all kicking ourselves for not buying the stock last summer when it was trading in the $3 range.
Makes me want to lick a bowling ball, how about you?
Go Brunswick, the company blew away analyst estimates, here's how they did on the conference call:
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- Q2 net EPS 15 cents vs Street view loss 2 cents
- Sales up 41% to $1.015 billion, topping view
- Will sell Triton unit; terms not disclosed
Brunswick, which makes boats sold under more than a dozen brand names, including Bayliner, Hatteras and Sea Ray, as well as Mercury and Mariner brand boat engines. Let's not forget the company also makes fitness machines and bowling and billiards equipment, stuff the Dude likes.
Brunswick Corporation posted a second-quarter net profit of $13.7 million, or 15 cents a share, compared with a loss of $163.70 million, or $1.85 a share, during the comparable quarter last year.
Congrats Brunswick longs, you deserve it.
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