Life Fitness Is Bright Spot for Brunswick
advertisement
Interact With Us
Best of 2011
Top Stories of 2011
The most popular stories of 2011. Did your favorites make our list?
Resource Center
Buyers Guide
Find industry businesses by product or service categories, view company profiles and more.
Club Industry Trade Show
Club Industry Show and Conference, held each October, is the premier event for fitness and wellness professionals. Find out more about Exhibitors, Events, and Education.
Industry Events & Trade Shows
The industry-wide calendar features listings for educational events, trade shows and more.
Classifieds
View classified ads for health club equipment and services, plus business opportunities and job postings.
Current Issue
Read stories from the latest print issue of Club Industry magazine.
Club info and News
Read news about some of the biggest names in the industry.
- 24 Hour Fitness
- Anytime Fitness
- Bally Total Fitness
- Crunch Fitness
- Club One
- Curves
- Equinox
- Gold's Gym
- Health Fitness Corp.
- LA Fitness
- Life Time Fitness
- Lifestyle Family Fitness
- Planet Fitness
- Plus One Management
- Powerhouse Gyms
- Snap Fitness
- Spectrum Athletic Clubs
- Sport & Health
- Town Sports International
- Sports Club Co.
- Urban Active
- Wellbridge
- Western Athletic Clubs
- World Gym
E-Newsletter Signup
Breaking news on the industry, people on the move, mergers and acquisitions and much more. Delivered weekly.
CHICAGO -- Life Fitness had a 9 percent sales increase in the second quarter despite difficulties in the consumer side of the business, according to earnings released yesterday by Brunswick Corp., owner of Life Fitness.
“Their new products and great efforts by the commercial businesses in Life Fitness were the foundation of this nice growth in sales and earnings,” Dustan McCoy, chairman and CEO of the Chicago-based company, said in a call with analysts yesterday.
Brunswick’s marine division has faced decreased earnings due to a soft market. The company has restructured this division, including the closing of several plants. Restructuring charges were $83.1 million during the quarter, compared with $1.1 million in the second quarter of last year. The restructuring led the company as a whole to lose $6 million in the second quarter compared to a profit of $56.9 million in the same quarter last year.
Second quarter sales for Brunswick declined 2.5 percent to $1.49 billion from $1.52 billion in the same quarter last year.
On a call with analysts, McCoy noted that he expects a loss in the second half of the year for Brunswick but a profit for the full year.
Pete Leemputte, the company’s CFO, noted that the fourth quarter of the year is typically the strong selling season for Life Fitness.
“So the earnings pressure will be more significant through September, absent a need for any further production cuts,” he said.
Related Stories
- Life Fitness' Net Sales Up 10 Percent in 2007
- Manufacturers Face Tough Economy
- Life Fitness Merges With UK Operations
- Life Fitness Integrates iPod with Exercise Equipment
Want to use this article? Click here for options!
© 2012 Penton Media Inc.











Acceptable Use Policy blog comments powered by Disqus