Sea Ray parent reports strong 1Q


Boat sales declined, but Brunswick Corp. still had a strong first quarter.

The parent company of Knoxville-based Sea Ray Boats and Brunswick Boat Group reported earnings from continuing operations of $54.9 million, or 59 cents per diluted share. That was up from $47 million, or 51 cents per diluted share in the first quarter of 2012.

Excluding discontinued operations, the company said it earned 76 cents per diluted share,  an increase of 24 cents from the prior year.

Net sales for the first three months of 2013 rose 4 percent to $995.3 million, up from $959.6 million from the same period last year.

Brunswick Boat Group reported first quarter net sales fell 1 percent to $298.7 million, down from $291.8 million a year ago, due in part to a 13 percent decline in international sales.

Brunswick closed its last Knoxville manufacturing plant last fall as part of a plan to consolidate manufacturing of the Sea Ray brand at its plants in nearby Vonore and Palm Coast, Fla. The boat group, which includes 15 brands, has its headquarters in the First Tennessee Plaza in downtown Knoxville.