Company Financials – Page 32
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NewsGrand Banks reports results & plant closure
The Malaysian luxury boat builder finished its fiscal year 2020 on a strong note with a 30% increase in revenues and fifth consecutive year of profits despite 8 weeks of shutdown and restructuring costs.
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NewsSanlorenzo confirms 2020 outlook
Italian luxury yacht builder reports €566 million order book and expects net revenues and EBITDA in line with 2019 results; announces new sales events
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NewsHigher profits offset lower Q2 revenues for BRP
Recreational products manufacturer BRP said Q2 delivered better than expected results driven by strong worldwide retail demand for its portfolio, including PWCs and boats. Wind-down of the Evinrude outboard business was reflected in a 35% drop in marine revenues.
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NewsQ4 plant shutdowns drag down full-year revenues for Malibu
Challenging fourth quarter leads to 4.5% net sales decline for FY 2020, but company looking to grow share in 2021 with new model introductions
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NewsSuperyacht concierge business gains support from US investor to survive Covid-19
Supporter is World Fuel Services shareholder and global marine fuel company
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News2020 Q4, full-year sales down for Twin Disc
Covid-19 impacts and soft commercial markets lead to 18% YOY revenue decline for US equipment manufacturer
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NewsGYG issues strong first-half trading update
CEO Remy Millott: “The team’s focus on improving margins is starting to flow through” Global Yachting Group (GYG), the UK-based superyacht painting, supply and maintenance firm, has issued a positive first-half trading update for the six months ended June 30, 2020. The announcement comes not long after ...
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NewsScott Bader reports full 2019 results
The global materials specialist announced a 12% increase in profits for 2019, while reporting a 3% dip in turnover
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NewsYamaha announces first six months results; marine sales down 16.3%
Net sales for Yamaha Motor Co Ltd’s consolidated accounting period for the first six months of the 2020 fiscal year ending December 31, 2020 were ¥685.5bn (a decrease of ¥170.4bn or 19.9% compared with the same period the previous fiscal year). Operating income was ¥19.1bn (a decrease of ¥49.9bn or ...
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NewsLippert reports mixed Q2 results, together with surging summer demand
The US-based component supplier saw sales declines related to OEM shutdowns early in the second quarter, offset by a 109% jump in aftermarket sales and surging June and July retail demand in the outdoor-leisure segment
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NewsJohnson Outdoors Q3 revenues down 21%
Strong demand for fishing products through May and June not enough to offset impact of April Covid-19 shutdowns
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NewsUS boat retailer OneWater Marine release Q3 results
The second largest American boat sales network reported strong top- and bottom-line growth and significant market share gain boosted by unprecedented retail demand
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NewsBrunswick reports Q2 results revealing Covid impact on industry’s largest player
US boat and engine manufacturer sees strong retail demand, following a -15.2% decline in sales in the second quarter including a -32% drop in boat segment sales for the period; With current recovery pace, the company expects to meet its 2022 financial targets and sent stock soaring to highest-ever level
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NewsTough Q2 for Cummins Inc
US engine manufacturer records largest quarterly revenue decline in its history Covid-19 shuts down OEM customers worldwide
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NewsGarmin marine sales up 4% in Q2, while overall revenues drop 9%; CEO comments
A surge in its marine business helps offset higher declines in Garmin’s automotive, aviation and outdoor segments
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NewsMarine Products Corp records 58% Q2 sales decline
Sales, profits down sharply in the second quarter of 2020 as Covid-19 shutdowns impact US fibreglass boatbuilder, but strong June sales point to a brighter Q3
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NewsPolaris reports Q2 revenue declines
Polaris reported sales of US$132.2m for its boat business in the second quarter, marking a 28% year-over-year decline from the $182.4m reported for Q2 2019 Minneapolis, US-based boat and powersports equipment manufacturer Polaris Inc reported a 15% decline in second-quarter revenues today, driven by double-digit declines in ...
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