Company Financials – Page 35
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NewsBrunswick increases liquidity
The marine industry’s largest company has extended its credit facilities and borrowing as a precautionary measure to increase liquidity and financial flexibility in the wake of substantial uncertainty stemming from the COVID-19 crisis
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NewsFerretti reports rise in revenues, issues Covid-19 statement
Production continues for now at Italian builder as it releases positive 2019 financials
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NewsBRP reports on 2020 results and COVID-19
The Canadian company said 2019 was an “incredible year” and was very bullish about the upcoming year prior to the coronavirus outbreak with top-line growth projected across all product segments
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NewsWith many closures already, Volvo alters dividend proposal
In light of Group operations which are – or will be – temporarily closed, the Board of Directors will withdraw its proposal foran extra shareholder dividend given the significant changes in the business environment since announcing 2019 financial results
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NewsDometic expects negative impact on Q1 results
Sweden’s equipment manufacturer Dometic Group warned of a negative impact on demand and financial results in the company’s first quarter, and withdrew the previously proposed dividend for investors
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NewsMarineMax to buy back stock at bargain rates
America’s largest boat and yacht retail operation, MarineMax announced approval of a plan to repurchase up to 10 million shares of outstanding stock. The company’s shares are currently trading at $10.52 – near the bottom of its price range over the past year
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NewsSanlorenzo confirms 117% profit gain as production continues
The Italian yacht builder reported profits of €27 million for 2019, a backlog of €500 million and says the company is not yet experiencing a material impact on business operations due to COVID-19
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NewsHanse reports latest financials
Despite a drop in revenues and earnings for the company’s first half which the builder attributed to typical seasonality and one-time integration costs for Privilége Catamarans, German boatbuilder Hanse Yachts said a strong order backlog would provide the company with a profit for the year
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NewsMixed Q4, 2019 full-year results for KVH
Maritime connectivity provider reports Q4, full-year net losses in spite of revenue gains
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OneWater Marine announces fiscal Q1 earnings following IPO
OneWater Marine announced fiscal first quarter 2020 revenue up 49% on 17% same-store sales growth, the boat dealership chain’s first reporting after an initial public offering (IPO) of 5,307,693 shares of its Class A Common Stock at a price of US$12.00 per share.
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NewsGarmin earnings sends shares to 12-year high
The electronics maker’s stock price surged yesterday on the company’s report of Q4 and 2019 results which beat Wall Street’s expectations. Revenues for the fourth quarter totalled $1.1 billion, including a 22% rise in marine sales.
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NewsGrand Banks reports 10-year high for order book
Singapore-based boat builder of the Grand Banks and Palm BeachMotor Yacht brands posted a strong first half with a 66% increase in net profit to S$2.0 million (US$1.5m) and a net order book worth S$64 million (US$46m); the company’s Palm Beach GT60 (above) makes its debut at the Miami show ...
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NewsSanlorenzo’s 2019 preliminary results show 39% growth in revenues
Following its IPO in December, Italian yachtbuilder Sanlorenzo posts strong gains in sales and profitability with EBITDA up 73.4% to €66m
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NewsMarine sales outpace consolidated results at Yamaha Motor
Japan’s Yamaha Motor reported a dip in 2019 sales, offset by 2% growth in the company’s Marine business which accounts for 21% of annual revenues
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NewsLippert discusses 2019 results & 2020 outlook
Recent acquisitions in the marine sector are expected to be among the company’s strong performers in 2020
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NewsMalibu Boats reports solid Q2 sales
Higher sales, higher unit volumes and higher net sales per unit lead to solid second quarter for US boatbuilder
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NewsBeneteau confirms positive outlook for 2020
French boatbuilder Beneteau Group confirmed a positive financial outlook for the Boat Division’s 2019-2020 financial year, based on ‘robust’ trends in European and charter markets
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NewsSofter Q2 for MasterCraft
MasterCraft Boat Holdings Inc reported declines in net sales, net income and adjusted ABITA in its 2020 second quarter results, reflecting impacts of a weather-dampened summer 2019 retail season and subsequent measures to “right-size” dealer inventories.
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NewsJohnson Outdoors posts solid Q1 results
Outdoor recreation equipment manufacturer Johnson Outdoors released its 2020 first quarter results on Friday, reporting higher sales and double-digit growth in net income.
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NewsDometic’s 2019 marine sales outpace other segments
Swedish equipment maker Dometic has been downsizing capacity, headcount and SKU’s in a drive to improve efficiency and respond to soft demand in key markets
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