All articles by Arlene Sloan – Page 8
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NewsNMMA postpones five 2022 boat shows
The five shows, covering key US boating markets, have been rescheduled to 2023 over dealer inventory concerns
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NewsLippert Components rides demand wave
US-based LCI Industries reported record sales today for its the third quarter, based on continued strong demand in the recreation space; the company’s marine business outperformed other segments
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NewsEU Commissioner & US President announce suspension of tariff dispute
The agreement includes lifting of the EU’s retaliatory tariffs on boats and engines, along with other US products that have been penalised in the dispute
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NewsNew OXE Marine CEO reports on his 1st quarter at the helm
Sweden’s diesel outboard engine maker, OXE Marine saw an uplift in sales, gross margins and order book for its third quarter results
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NewsBrunswick reports 5th record quarter with strong start in Ft. Lauderdale
US-based Brunswick Corporation said all of its businesses - Boats, Engines, P&A and Services – had another outstanding quarter and is on its way to closing out the most successful year in the company’s history. A Q&A session with investors provided additional details on the company’s business, and the ...
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NewsGrand Banks back to fulfilling orders
With closures lasting almost 2½ months in its first quarter of fiscal 2021-22 ending 30 September, Grand Banks Yachts saw minimal revenue in Q1, but forward orders remain strong
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NewsPrices still going through the roof, reports Dometic
In line with a predominant theme emerging in marine industry third quarter financial reports, material and freight costs are exerting a significant influence on Dometic’s business against a backdrop of continuing high demand
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NewsDemand is greater than supply everywhere, says Volvo Group
In his presentation with investors today, Volvo Group President and CEO Martin Lundstedt explained how the company delivered solid results despite persistent headwinds in the supply chain
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NewsRaw material prices figure heavily in AkzoNobel Q3 results
Dutch multinational specialist in paints and coatings, AkzoNobel, discussed the significant impact raw material inflation is having on the business in today’s call with investors
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NewsHanse bullish on outlook despite Covid impact on profits
With manufacturing operations in Germany, Poland and France, the German boatbuilder experienced significant Covid disruptions to its business, particularly in France and in Griefswald due to restrictions on the normal cross-border flow of employees between Germany and Poland.
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NewsCovid hits 2020 financial results at Princess Yachts
In the context of accelerating sales, UK luxury motoryacht builder Princess Yachts reported a decline in both turnover and profitability for 2020 due to closures lasting between 6 and 8 weeks across its production sites
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NewsMarineMax acquires second boatbuilder
After surprising the industry with its acquisition of Cruiser Yachts in May, US boat retailer Marine Max has announced the addition of another boatbuilder to its broadening portfolio
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NewsBrunswick completes Navico $1.05bn acquisition
Navico adds significant electronic and software expertise and will take Brunswick Parts & Accessories revenues over $2bn
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NewsBeneteau posts first-half growth in revenues & earnings
Despite a disruptive cyber attack and contraction in fleet sales, France’s Beneteau Group returned to growth in the first half of its financial year ending 30 June.
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NewsBRP predicts US pontoon market will hit 100,000 units
A global leader in powersport vehicles, boats and propulsion systems, BRP finished the second quarter of its fiscal year ending 31 July surpassing market estimates for earnings & revenues. Discussing results with analysts, the manufacturer also provided volume expectations for its new ‘Switch’ pontoon range
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NewsMalibu expected to appeal against liability judgement in $200m court award
The Louden, Tennessee based boat builder was cleared on claims of design defects, but is expected to seek a reduction or reversal of the substantial judgement by a Georgia jury in a product liability case involving the tragic death of a seven year old
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NewsUS hurricane adds to supply chain woes; related tornado hits Annapolis
More supply disruption in coatings, paints, resins and other chemicals is anticipated in the wake of Hurricane Ida along with more freight delays and added costs
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NewsBrunswick acquires global supplier of lithium batteries
The Advanced Systems Group of Brunswick Corp. announced the addition of RELiON Battery to its portfolio of ‘Next Wave’ products and will bolster the move with a new Electrification Technology Center
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NewsGrand Banks improves profits despite shutdowns
The luxury motorboat builder remains in a lockdown imposed by the Malaysian government on 1 June, but benefitted from strong demand
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NewsNimbus reports robust boat sales & orders for Q2
Sweden’s largest boatbuilder, the Nimbus Group, reported robust demand across the company’s traditional markets in Sweden, the Nordics and Europe, along with growing success in America. CEO Jan-Erik Lindström provided additional colour on the company’s progress in a call today with analysts.
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