LAKE FOREST, Ill. -- Brunswick Corp., backed its 2005 profit outlook yesterday and said it plans to boost growth through acquisitions, the Associated Press reported yesterday.
The company said it continues to expect year-end earnings of $3.15 to $3.30 per share. Analysts surveyed by Thomson First Call forecast profit at the high end of this range at $3.28 per share. Brunswick earned $2.77 per share in 2004, AP reported.
The company said its outlook assumes that the marine industry will grow by 5 percent to 6 percent, driving sales up 11 percent to 12 percent. Brunswick added that it expects acquisitions and cost reductions to add to growth during the year.
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