Brunswick Corp., the parent company of distributor Land ’N’ Sea/Bell, reported sales increased 10 percent over last year in its most recent quarter.
The sales numbers reflected an uptick in the marine market, according to CEO Mark Schwabero.
“Our reported third quarter net sales increased by 10 percent,” Schwabero said. “Our top line reflected the benefits of our acquisition strategy, particularly in our Fitness segment, and strong growth rates in all three of our primary boat categories, as well as marine parts and accessories.”
For the third quarter of 2016, the company reported net sales of $1 billion, up from $991.9 million a year earlier. For the quarter, the company reported operating earnings of $122.5 million, which included $2.4 million of restructuring and integration charges related to recent fitness acquisitions.
Brunswick’s consolidated adjusted operating earnings increased 8 percent, compared to the same quarter in 2015.