Jacuzzi Brands reported net earnings of $13.7 million for the third quarter ended July 3, vs. net earnings of $5.1 million for the same period in fiscal 2003. This year's third quarter net earnings included $2.0 million (net of tax) of restructuring charges, while fiscal 2003 third quarter net earnings included restructuring charges of $3.2 million (net of tax). Sales for the quarter increased 16.3% to $366.8 million compared with the third quarter of fiscal 2003.
In the bath products group, third quarter sales of $253.9 million were up 16.9% vs. third quarter fiscal 2003 sales. Increased sales of domestic spas and domestic whirlpool baths, reflecting strong performance in both jetted and non-jetted baths, contributed to the higher volume, the company said. The United Kingdom also contributed to the sales increase, mainly due to growth in the home center sector.