Brunswick revenue drops 3 percent for Q1

Blaming harsh weather, Brunswick Corp. announced this morning that preliminary first quarter revenue for 2014 reflects a 3 percent decline from 2013.

"Weather conditions in important marine markets had a negative impact on first quarter U.S. retail and wholesale demand," said Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "The severity of the weather patterns has not only reduced sales, but it has also masked the underlying demand for our boat and engine products. However, at this very early point in the marine season, we are reaffirming our previously stated full-year diluted earnings per common share, as adjusted, estimated range of $2.40 to $2.55."

Brunswick will release its first quarter results on April 24.

Read more here.

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