Last $41.85 USD
Change Today +0.69 / 1.68%
Volume 822.6K
BC On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

brunswick corp (BC) Snapshot

Open
$41.54
Previous Close
$41.16
Day High
$42.16
Day Low
$41.45
52 Week High
03/21/14 - $47.69
52 Week Low
07/23/13 - $32.57
Market Cap
3.9B
Average Volume 10 Days
776.8K
EPS TTM
$2.58
Shares Outstanding
92.7M
EX-Date
08/21/14
P/E TM
16.2x
Dividend
$0.50
Dividend Yield
0.96%
Current Stock Chart for BRUNSWICK CORP (BC)

brunswick corp (BC) Related Businessweek News

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brunswick corp (BC) Details

Brunswick Corporation designs, manufactures, and markets recreation products in the United States and internationally. Its Marine Engine segment offers sterndrive propulsion systems, and inboard/outboard engines under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet and Mercury Jet Drive, MotorGuide, Axius, and Zeus brands; and marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and marine lubricants under the Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land ‘N’ Sea, Kellogg Marine Supply, Diversified Marine Products, Sea Choice, and MotorGuide brands, as well as supplies integrated diesel propulsion systems. This segment serves independent boat builders and end-users, as well as local, state, and foreign governments through a network of marine dealers and distributors, specialty marine retailers, and marine service centers. The company’s Boat segment manufactures and markets a range of boats, as well as yachts under the Sea Ray, Bayliner, Meridian, Boston Whaler, Lund, Crestliner, Cypress Cay, Harris FloteBote, Lowe, and Princecraft brands. Its Fitness segment provides cardiovascular fitness equipment, such as treadmills, total body cross-trainers, stair climbers, and stationary exercise bicycles; and strength-training equipment to health clubs, corporations, schools and universities, hotels, professional sports teams, and the military and governmental agencies under the Life Fitness and Hammer Strength brands. The company’s Bowling and Billiards segment offers capital equipment, bowling balls, and aftermarket products; bowling consumer products; various gaming tables, as well as game room furniture and related accessories under the Brunswick and Contender brands; and operates 88 bowling centers in the United States and Canada. Brunswick Corporation was founded in 1845 and is headquartered in Lake Forest, Illinois.

15,701 Employees
Last Reported Date: 02/14/14
Founded in 1845

brunswick corp (BC) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Total Annual Compensation: $485.2K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $433.1K
Chief Human Resources Officer and Vice Presid...
Total Annual Compensation: $398.9K
Compensation as of Fiscal Year 2013.

brunswick corp (BC) Key Developments

Brunswick Corporation Provides Earning Guidance for the Fiscal 2014

Brunswick Corporation provided earning guidance for the fiscal 2014. The company announced that as a result of divestitures and associated discontinued operations treatment, the company estimates the dilution to EPS from continuing operations, from both a GAAP and an as-adjusted basis, to be approximately $0.20 for the full-year 2014. The company also estimates that for 2014, free cash flow from continuing operations will be lower by $35 million to $40 million.

Brunswick Corporation - Special Call

To discuss the company has agreed to sell its Retail Bowling business to Bowlmor AMF for $270 million, contingent upon customary closing procedures

Brunswick Corporation Enters into an Amended and Restated Credit Agreement

On June 26, 2014, Brunswick Corporation entered into an amended and restated credit agreement with the subsidiaries of the company party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The credit agreement amends and restates the company's existing credit agreement, dated as of March 21, 2011. The credit agreement provides for a $300,000,000 facility with capacity to add $100,000,000 of additional commitments, and contains terms that differ from the prior credit agreement, including, among other things: providing for a maturity date of June 26, 2019; removing the minimum fixed charge coverage ratio and adding a minimum interest coverage ratio of 3.50 to 1.00 and a maximum leverage ratio of, initially, 3.00 to 1.00, subject to increases in certain circumstances; converting the credit agreement from a secured asset-based facility to a secured cash flow-based facility and removing the borrowing base limitations on the company's capacity to borrow; replacing the commitment fee payable on unused commitments with a facility fee payable on the total amount of the commitments. The facility fee will be, initially, 0.25% per year. After the first delivery of financial statements, the rate will be determined by reference to a grid based on the company's leverage ratio, with a range of 0.20% to 0.35%, until the occurrence of the investment grade release date, on and after which the rate will be determined by reference to a grid based on certain of the company's credit ratings by S&P and Moody's with a range of 0.125% to 0.35%. The investment grade release date will occur when the company achieves certain ratings at a time when its leverage ratio at the end of each of the prior two fiscal quarters shall have been less than or equal to 2.25 to 1.00; amending the interest rates on loans to apply in addition to the facility fee and to be, initially, either a LIBOR rate plus a margin of 1.50%, or a base rate plus a margin of 0.50%. After the first delivery of financial statements, the margins will be determined by reference to a grid based on the company's leverage ratio, with a range of 1.30% to 1.90% for LIBOR rate loans, and a range of 0.30% to 0.90% for base rate loans (provided that the rate will not be lower than the initial rate until December 26, 2014), until the occurrence of the investment grade release date, on and after which the rate will be determined by reference to a grid based on the company's credit ratings, with a range of 1.00% to 1.90% for LIBOR rate loans, and a range of 0% to 0.90% for base rate loans. The amended and restated facility will, initially, continue to be secured by a security agreement between the company and the subsidiary guarantors and JPMorgan Chase Bank, N.A. as administrative agent, pursuant to which the obligations of the company and the guarantees of the subsidiaries under the credit agreement are secured by a first priority security interest in most of the company's and the subsidiary guarantors' existing and future accounts receivable, inventory, equipment, intellectual property, other personal property and equity interests in substantially all their present and future directly held domestic subsidiaries. The amended and restated facility includes a collateral release provision under which all the collateral will be released if at any time on or after December 26, 2014 the company achieves certain ratings at a time when its leverage ratio at the end of each of the prior two fiscal quarters shall have been less than or equal to 2.25 to 1.00. These conditions have been satisfied as of this date. Failure at any subsequent time prior to the investment grade release date to maintain such ratings shall result in a requirement to reinstate the collateral (provided that the collateral cannot be reinstated at any point once the investment grade release date occurs).

 

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BC

Industry Average

Valuation BC Industry Range
Price/Earnings 5.0x
Price/Sales 1.0x
Price/Book 3.5x
Price/Cash Flow 4.9x
TEV/Sales 0.8x
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