Brunswick Corporation

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  • Wed, Jan. 20, 5:27 PM
    • Brunswick (BC +1.1%) has acquired fitness equipment maker Cybex International in a $195M deal, and bumped up its guidance accordingly.
    • The deal is subject to a working capital adjustment. Adding Cybex will spread out Brunswick's product portfolio, part of a plan to double revenue from its Life Fitness segment by 2020.
    • Brunswick thinks the deal will bring net benefits of $0.08 to EPS in 2016, excluding restructuring/integration costs, bringing its forecast for the year to $3.35-$3.50 (vs. a consensus of $3.40). By 2018, the company figures it will contribute and incremental $0.20 to EPS, bringing that forecast to $4.55-$4.95 (vs. consensus of $4.43).
    • The company will hold a conference call to discuss the acquisition tomorrow at 11 a.m. ET.
    • After hours: BC -1.4%.
    | Wed, Jan. 20, 5:27 PM
Company Description
Brunswick Corp is engaged in designing, manufacturing and marketing of recreation products including marine engines, boats, fitness and billiards equipment. Its products include sterndrive, yachts, deck boats, marine parts and cardiovascular equipment.