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Old Sarge · 02-12-2018, 08:48 PM

By Aaron London
Posted Feb 1, 2018 at 1:52 PM
Updated Feb 1, 2018 at 1:52 PM

Company officials say Sea Ray sale drawing ‘significant interest’
PALM COAST — The decision by Brunswick Corp. executives to sell off the Sea Ray Boats division in December came as the luxury boat builder was on track to post a $5.9-million loss in the fourth quarter of 2017, according to financial results released by the company Thursday.
For all of 2017, Sea Ray Boats posted adjusted operating losses of $17.2 million, the earnings report states.
During a Thursday morning conference call with analysts after the release of fourth quarter and full year earnings, Brunswick Corp. officials said they are pleased with how the sale of Sea Ray Boats is unfolding.
“The sales process is underway,” chairman and CEO Mark Schwabero said during the call. “There has been significant interest in the business and our goal remains to complete the divestiture in the first half of the year. We are encouraged by all the interest we’re seeing on the Sea Ray side.”

02-12-2018, 08:48 PM	#23
Old Sarge Senior Member Join Date: Mar 2015 Location: Rochester, NH Posts: 150 Thanks: 106 Thanked 63 Times in 29 Posts	Brunswick: Sea Ray lost $17.2M in 2017 By Aaron London Posted Feb 1, 2018 at 1:52 PM Updated Feb 1, 2018 at 1:52 PM Company officials say Sea Ray sale drawing ‘significant interest’ PALM COAST — The decision by Brunswick Corp. executives to sell off the Sea Ray Boats division in December came as the luxury boat builder was on track to post a $5.9-million loss in the fourth quarter of 2017, according to financial results released by the company Thursday. For all of 2017, Sea Ray Boats posted adjusted operating losses of $17.2 million, the earnings report states. During a Thursday morning conference call with analysts after the release of fourth quarter and full year earnings, Brunswick Corp. officials said they are pleased with how the sale of Sea Ray Boats is unfolding. “The sales process is underway,” chairman and CEO Mark Schwabero said during the call. “There has been significant interest in the business and our goal remains to complete the divestiture in the first half of the year. We are encouraged by all the interest we’re seeing on the Sea Ray side.”