Sea Ray Boats lays off 65 in Flagler County – Daytona Beach News

About 65 workers were laid off this week at the Sea Ray Boats Inc. facility in Flagler County, officials at Brunswick Corp., Sea Ray’s parent company, confirmed today.

Daniel Kubera, Brunswick director of media relations and corporate communications, said employees were informed earlier in the week. Kubera said “approximately 65 were affected of a total employee population of about 420.”

Kubera said the layoffs were part of “the normal ebb and flow of the boating industry” and the company is “continually adjusting our production to better match demand in various industry segments.”

Kubera said the boating industry “remains stable” with demand for smaller boats outpacing sales of larger boats, including the kind made at the Flagler County facility. He said he is not aware of layoffs at any other manufacturing facility in the company’s boat sector.

In its latest quarterly earnings report, released in April, Brunswick reported first quarter 2012 net sales were $974.2 million, down from $985.9 million during the same period in 2011. Earnings per share were 43 cents for the quarter, up from 30 cents during the same period last year.

“Our first quarter increase in earnings per share demonstrates the continuing success of our business strategy,” Dustan McCoy, Brunswick chairman and CEO, said in a news release.

For the company’s boat division, which includes Sea Ray, Brunswick officials said net sales increased 1 percent in the quarter compared with the same period in 2011 and the company posted operating earnings of $2.8 million, compared with a loss of $4.8 million for the first quarter of 2011.

McCoy offered an upbeat assessment of the company’s future performance.

“Although a number of the factors that negatively affected sales and earnings in the first quarter will continue into the second, we are planning for significant sales and earnings growth in the second half of this year,” he said in the earnings release.

Similar news:
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>