Brunswick plant closure to affect Q4 results
Brunswick Corp. (NYSE: BC) said it will lay off 170 employees as it closes an aluminum fishing boat factory in Mississippi. In addition to being involved in the boating industry, Brunswick also owns Life Fitness, Parabody and Hammer Strength.
Brunswick will transfer production of the Triton line boats and add an unspecified number of jobs to its Little Falls, Minn., facility. Its Aberdeen, Miss., plant will close early next year.
Costs for the closure and production transfer will be about $5 million and will be reflected in fourth-quarter results, Brunswick said.
Winmark Q3 profit up 42 percent
Winmark (Nasdaq: WINA), retail franchiser of Play It Again Sports, posted a sharp rise in third-quarter profit due to growth in the number of stores operating under its brands.
Net income rose 42 percent to $1.2 million, or $0.21 per share, from $838,200, or $0.14 per share, a year earlier. Revenue grew 10 percent to $7.95 million from $7.2 million a year earlier.
The company's number of retail stores rose by 3 percent to 855 franchises from 829 a year earlier.
"Our franchise brands continue to grow both in number of stores and royalties," CEO John Morgan said in a statement.
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