Fitness financials: Life Fitness up year-over-year

Life Fitness earnings up year-over-year.
Author:
Updated:
Original:

After being slightly down in the second quarter of 2013, the fitness segment of the Brunswick Corporation reported its earnings were up in the third quarter 2013.

The Lake Forest, Ill.-based company reported its net sales of $892.4 million, up from $874.3 million a year earlier. Brunswick's fitness segment, which is compromised of Life Fitness and Hammer Strength fitness equipment, reported 2013 third-quarter sales totaling $165.9 million, up 9 percent from $151.9 million in the third quarter of 2012. International sales, which represented 51 percent of total segment sales in the quarter, increased by 15 percent. For the quarter, the fitness segment reported operating earnings of $25.3 million. This compares with operating earnings of $23.1 million in the third quarter of 2012.

For the third quarter of 2013, Brunswick as a whole reported net earnings from continuing operations of $57.4 million, or $0.61 per diluted share, compared with net earnings from continuing operations of $22.5 million, or $0.24 per diluted share, for the third quarter of 2012.

"We anticipated that our third quarter 2013 revenue and operating earnings would present several challenging comparisons to the 2012 third quarter, due to differences in outboard engine backorder trends between years, fiberglass sterndrive boat pipeline inventory reduction activity and investment spending required to execute our strategic goals," said Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. "Our businesses performed very well and we met our operational and financial goals for the quarter. Our outstanding performance through the first nine months of 2013 affirms our ability to execute our strategic initiatives and generate solid revenue growth and improved operating earnings."

Related

corebody-reformer-1

Fitness financials: Brunswick up, Nautilus down in 2Q

The top fitness equipment brands traded on Wall Street reported divergent results for the second second quarter 2013. Nautilus was down while Amer Sports (makers of Precor) and Brunswick Corp. (Life Fitness and Hammer Strength) were up. Nautilus (NYSE:NLS) had warned of the ...read more

Financials09sm.jpg

International, health club sales spell growth for Life Fitness

Life Fitness has been building some serious technology into its equipment lately — maybe that’s why its parent company, Brunswick Corporation, reported a jump in sales for the first quarter. Health club and international sales, which fueled gains in Brunswick Corp.’s (NYSE:BC) ...read more

Financials09sm.jpg

Life Fitness, Precor see higher sales and profits

Fitness equipment manufacturers Life Fitness and Precor reported higher sales and profit for the first quarter 2014. Precor, owned by Finland-based Amer Sports, lifted sales 1 percent (up 4 percent in local currencies) to EUR 63.3 million ($87.5 million). Click here for Amer’s ...read more

Life_Fitness.jpg

Life Fitness seeks ‘Personal Trainers to Watch’

Life Fitness didn’t always enjoy the following among personal trainers that it does now. The introduction of the Synergy 360 functional training product at IHRSA 2012 has made all the difference. And although the company’s Personal Trainers to Watch awards program is in its ...read more

SNEWS Qs: Chris Clawson's talks Life Fitness and awards

At the last few IHRSA and Club Industry trade shows, the Life Fitness booth has been buzzing with people, with staff busily answering questions about the LFopen platform and Synergy360 functional training gym. President Chris Clawson has been a major force in driving the ...read more

Fitness financials: Nautilus "bullish" on year, plus Brunswick, Under Armour, Life Time Fitness, Wal-Mart

Nautilus says it is "bullish" on the yearSummarizing its net sales and growth plans, Nautilus (NYSE: NLS) told analysts on a conference call announcing results for the second quarter ended June 30, 2006, that it was bullish on how it will do as the busy fitness season ramps up ...read more

Life_Fitness_logo.gif

Life Fitness, Hammer Strength sales inch up in 4Q

Positive health club and international sales led to slight gains for Life Fitness and Hammer Strength for the fourth quarter 2012. The fitness equipment brands owned by Brunswick Corp. (NYSE:BC) reported fourth-quarter revenue up 2 percent to $183.6 million. Quarterly operating ...read more

Financials09sm.jpg

Life Fitness, Precor see strong equipment sales to close 2013

Keep the cold weather and snow coming! While many might be ready for spring at this point, one of the coldest and snowiest winters in recent memory for much of the country is making fitness equipment retailers, clubs and manufacturers smile. After two warm winters, athletes are ...read more

Financials09sm.jpg

Fitness financials: Consumer sales recover at Precor; Life Fitness 3Q earnings slip; Under Armour stays strong

Precor finally is striking a chord at home. After relying on strong commercial sales for the past few years, the fitness equipment brand reported a jump in home consumer sales for the third quarter 2012. Precor’s latest total quarterly sales rose 21 percent to EUR 69 million ...read more