One Brunswick Plaza, Skokie 60077, 708-470-4700
– Founded: 1845
– Fiscal year-end: Dec. 31
– Chief executive
Jack F. Reichert, 61, since 1982
1991 cash compensation: $735,970
Shares owned: 463,574 of 88.6 million common shares
– Employees: 1,950; 490 in Illinois
– Foreign sales: 30 percent of $2.09 billion total in 1991
– May 1, 1992, value of $1,000 in company stock:
Purchased May 1, 1991: $1,380
Purchased May 1, 1987: $806
– Brunswick got some good news this spring, after losing $23.7 million last year and suffering through a 60 percent, three-year decline in demand for its principal products-boats and marine equipment. First-quarter sales climbed 19 percent from a year earlier, and the company posted a surprisingly strong $12.2 million, or 14 cents a share, first-quarter net income.
– Marine sales climbed 24 percent in the latest period. Sales of bowling and other recreation products rose more sharply. In April, Brunswick stock got a boost when an analyst called it a major turnaround situation, but the remarks proved controversial because the analyst`s firm is co-managing a planned $100 million stock offering by Brunswick.
– Other analysts agree that the marine business is due for a rebound. In recent years, Brunswick has closed 18 of 49 plants in its marine group and cut 40 percent of the unit`s jobs. For 1991, CEO Jack Reichert voluntarily cut his pay by 13.6 percent and asked not to be considered for a bonus in 1992. He did not take a bonus in 1991, either.
