Company Financials – Page 37
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Malibu Boats releases strong Q1 results
US-based boatbuilder Malibu Boats Inc reported strong first quarter results today, noting year-over-year gains in sales, profits and net income.
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Mixed Q3 results for Lippert Industries
US-based parts and components manufacturer Lippert Industries (LCI) released its third-quarter results yesterday, showing declines in its core RV OEM business being partially offset by growth in new markets including marine.
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FLIR reports mixed bag for Q3
FLIR Systems released its 2019 third quarter results on Friday, reporting a bit of a mixed bag as gains in the company’s industrial and defense markets were offset by revenue, margin and earnings declines in its commercial products business unit, which includes leisure boating equipment.
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Hanse Yachts reports record turnover
Germany’s largest production boatbuilder increased turnover to €150m and achieved its highest profits since 2008
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Beneteau shares drop 16% on news of lower growth & profitabillity
The French boatbuilder posted a fifth consecutive year of growth for its 2019 fiscal year, but investors appear to be uncertain about prospects for the coming year. Although noting a higher order book, Beneteau said it would not be issuing its FY 2019-20 outlook until 4 February and hinted that ...
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Garmin releases strong Q3 results
Switzerland-based Garmin Ltd has reported strong sales for its third quarter, driven by growth in its aviation, fitness, outdoor and marine divisions.
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Annual revenues for US boat retailer MarineMax grew 5%
Financial results for America’s largest boat retailer – representing more than 20 boat and yacht brands across some 60 locations – were down for the company’s fourth quarter reflecting ’choppy’ market conditions across the industry in terms of both geography and product segments
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Swedish equipment maker Dometic reports a 2% rise in Q3 revenues
Dometic President and CEO Juan Vargues presented a confident picture of the company’s prospects amidst a ‘challenging global trading environment’ and affirmed plans for further acquisitions and significant restructuring
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Patrick Industries Q3 sales down, earnings impacted by cyber attack
Patrick Industries, maker of component parts for the marine, RV and manufactured homes industries, is reporting third-quarter sales were off 2% or US$8.9m compared to 2018 results for the same time period, adding that the company took a US$41.5m hit due to what it calls “a sophisticated cyber-attack” last month.
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Burgess reports large jump in profits in 2018
CEO Jonathan Beckett increases majority share from 63% to 71%
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Brunswick’s Q3 net sales down 5.7%
US-based Brunswick Corporation reported financial results through the end of September showing anticipated declines in top-line revenues, but exceeding earnings expectations
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Relatively flat Q3 for Marine Products Corp
Fibreglass boat builder Marine Products Corp (MPC) reported relatively flat sales for the third quarter of 2019, with higher volumes of outboard-powered boats offsetting declines in sales of sterndrive models.
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AkzoNobel reports sunny Q3 results, buys back shares
AkzoNobel, the Dutch paints and performance coatings multinational, reports a 23% rise in Q3 profit lifting it to €300m, up from €243m in the same 2018 period.
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Polaris Q3 revenues up, but not in marine
Polaris Inc reported year-over-year growth in overall revenues and gross profits among its 2019 third quarter results, in spite of an 11% YOY drop in revenues for its boat division.
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Grand Banks revenue hits 10-year high
The luxury yacht builder said seven new orders have boosted the Group’s order book to S$52.8m in the first quarter
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Tough Q3 for Volvo Penta
Volvo Group reported financial results for the third quarter of its 2019 fiscal year today, revealing a difficult quarter for its Volvo Penta marine division.
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Ferretti announces jump in orders in midst of IPO
Ferretti Group reports new orders totalling more than €465 million for the first nine months of 2019, a gain of 18% over last year
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Revenue gains drive MasterCraft 2019 Q4, full-year results
MasterCraft Boat Holdings Inc reported higher sales for both its fourth quarter and full-year 2019 fiscal results, which were released on Thursday.
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Grand Banks posts 4th quarter and year-end results
Singapore-based Grand Banks reports lower revenue and profitability for 2019, but remains bullish about 2020 based on a robust order book and four-years of restructuring initiatives
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UK yard reports 53% rise in post-tax profits
Falmouth, UK-based Pendennis Shipyard has reported strong performance in 2018, with record turnover and a 53.1% increase in post-tax profits – thanks, in part, to a £1.2m tax credit which accounted for 27.8% of the profit for last year. The company has also acquired a new 800-tonne travel lift.