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How can this be if the economy is in the tanker as some here suggest?
http://www.boating-industry.com/output.cfm?id=936775 Marine Finance Brunswick CEO anticipates 2005 industry growth Boating Industry Friday February 18, 2005 LAKE FOREST, Ill. - Brunswick Corp. Chairman and CEO George W. Buckley reconfirmed the company's earnings estimates for 2005 during a speech given to analysts and investors in Miami on Wednesday. Those earnings estimates of $3.15 to $3.30 per share for 2005, up from the $2.77 EPS reported for 2004, are based on the assumption that the marine industry will be up 5 to 6 percent at retail, he said. That growth will drive Brunswick's organic sales growth of 11 to 12 percent, with operating margin improvement of between 70 and 100 basis points, he further predicted. |