Life Fitness, Hammer Strength 2Q sales up slightly for parent Brunswick

Life Fitness and Hammer Strength saw their sales uptick slightly in the second quarter 2012 as strong U.S. sales were offset by weakness in Europe.
Author:
Updated:
Original:

Life Fitness and Hammer Strength saw their sales uptick slightly in the second quarter 2012 as strong U.S. sales were offset by weakness in Europe.

The Brunswick (NYSE: BC) owned fitness equipment brands reported revenue up 1 percent to $143.3 million, compared to a year ago. The group’s quarterly operating income improved to $19.9 million versus $19.1 million a year ago. Officials called described the fitness market as holding up with “steady fundamentals.”

The results outperformed fitness equipment peer Cybex, which reported earlier this week that its second quarter sales fell 5.5 percent.

Despite the small gain in fitness for Life Fitness and Hammer Strength, Brunswick’s companywide results (it also sells billiards and boats) fell 2.7 percent to about $1.07 billion for the quarter. Company-wide earnings, however, improved to $83.6 million, or 90 cents per diluted share, versus a net income of $69.3 million, or 75 cents per diluted share, a year ago.

--Compiled by David Clucas

Related

Life_Fitness_logo.gif

Higher 4Q Life Fitness, Hammer Strength sales help Brunswick

An 11 percent increase in Life Fitness and Hammer Strength equipment sales helped parent company Brunswick (NYSE:BC) report an 8 percent rise in revenue for the fourth quarter 2011. Brunswick reported $180 million in fitness revenue for its latest quarter, reported Jan. 26, ...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

Fitness financials: Accell Group completes acquisition of Raleigh Cycle; Brunswick’s fitness sales up slightly

Accell Group completed its deal Thursday to acquire Raleigh Cycle Limited for EUR 60 million ($79.4 million), which includes the U.S. subsiduary Raleigh America, parent to Diamondback Fitness. As previously reported in SNEWS, Netherlands-based Accell has been in talks to acquire ...read more

Financials09sm.jpg

Fitness financials: Life Fitness sales shine for parent Brunswick's 3Q earnings; plus Precor’s mixed results for Amer

A jump in Life Fitness and Hammer Strength equipment sales led the way for parent company Brunswick (NYSE:BC) to report positive earnings and profit for the third quarter 2011. A 14-percent revenue increase for Brunswick’s fitness group to $157.2 million in the third quarter, ...read more

Financials09sm.jpg

Fitness financials: Life Fitness boosts Brunswick’s 2Q results; plus Kellwood acquires fitness, yoga brand

Brunswick reported higher sales and profit for the second quarter 2011 thanks to strong sales across most of its sectors, including its fitness equipment brand Life Fitness. The Lake Forest, Ill.-based recreational product company reported second-quarter revenue up 8 percent to ...read more

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

Fitness Financials: Life Time Fitness, Hanesbrands, Accell 2Q revenue all up; plus Precor parent's e-commerce push

Life Time Fitness reported higher second-quarter 2011 revenue and profit on increased membership and dues, and continued to raise its guidance. The Chanhassen, Minn.-based national chain of fitness, sport and spa clubs reported its revenue up 11.1 percent to $256.7 million for ...read more

Fitness financials: Life Fitness-parent Brunswick reports fitness turnaround, Life Time Fitness, Puma, Bally, Saucony, Russell, GSI, Reebok, Wal-Mart

Life Fitness's parent earnings up 27 percent, notes fitness turnaroundBrunswick Corp. (NYSE: BC) reported a 27 percent increase in net earnings on 12 percent sales growth and a 23 percent improvement in operating earnings for the second quarter of 2005. Net earnings totaled ...read more

CybexLogo.jpg

Cybex 1Q revenue, profit up, but officials report “sluggishness” in 2Q orders

Cybex International (Nasdaq: CYBI) reported higher sales and profit for the first quarter 2012, but company officials warned of slowing second-quarter sales. The Medway, Mass. fitness equipment manufacturer said its latest quarterly revenue rose 20.2 percent to $37.3 million, ...read more