Brunswick Corp. expects growth of 7 to 9 percent between 2016 and 2018 and anticipates that the gain will come from continued industry growth, investment in new products and investments in additional acquisitions around its marine parts and accessories business, as well as its fitness business, Trade Only Today reports.
That was part of the three-year plan Brunswick CEO Mark Schwabero outlined during a meeting with investors Tuesday at the Jefferies 2016 Investor Conference in Nantucket, Mass.
The company expects to see between 3 and 5 percent of the growth coming from industry growth (if the nation’s gross domestic product is at projected rates of about 3 percent), about 2 percent of it coming from being “product leaders” and another 2 percent coming from additional growth from acquisitions, Schwabero said.
“We still believe there are lots of opportunities in the parts business and the fitness business,” Schwabero said.
At 7 percent revenue growth, the company would be on track for revenue to be in the low-to-mid $5 billion range by 2018, he said. Revenue in 2015 was $4.1 billion. Operating margins are expected to rise to 12 to 12.5 percent in 2018.