All articles by Craig Ritchie – Page 42
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News
US distributor doubles South Carolina warehouse capacity
Lewis Marine expands Charleston warehouse with a 13,000ft² renovation
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Suzuki Marine US names new president
Nobuo Suyama succeeds Masahiro Yamamoto as head of outboard builder’s US operations
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Better than expected Q3 revenues for MasterCraft
Revenues and net income lower with softening market, but exceed forecast for US boatbuilder
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Tough Q1 for Lippert
Sharp declines in North American RV sales impact Q1 earnings in spite of stronger performance from marine and international business segments
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Suntex Marinas CEO shortlisted as 2023 EY Entrepreneur of the Year
Ryan Redmond listed as regional finalist in 37th annual Entrepreneur of the Year award presented by Ernst & Young; winners announced June 24
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KVH Q1 revenues up 2%
Higher VSAT airtime revenues offset lower product revenues in generally solid first quarter for US mobile connectivity firm
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Marcus Hamilton named Propspeed CEO
Former international sales director to succeed Chris Baird as chief executive for New Zealand coatings manufacturer
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Easing supply chain spells solid Q2 for Johnson Outdoors
US equipment manufacturer posts higher revenues and profits as supply improvements allow more product to ship in time for peak selling season
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Slower Q1 for Myers Industries
Reduced demand from a contracting US RV sector combined with inflationary pressures on consumers lead to lower sales, profits for Ameri-Kart, Scepter parent
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Lippert sees record turnout for Volunteer Week initiative
Employees rolled up their sleeves to assist in a wide range of community-based activities
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Garmin marks Q1 revenue growth in 4 of 5 business segments
Spring promotions and strong chartplotter demand drive marine division revenues to 10% YoY growth
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Inboard engines
Manufacturers leveraging sustainability for tomorrow
With a sharpened focus on sustainability and the adoption of alternate fuels, inboard internal combustion engine builders are positioning for the future
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Record Q1 for Cummins
Revenues of US$8.5bn and 8% YoY growth in engines segment push engine builder to increase full year guidance by up to 20%
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Patrick Industries buys marine logistics firm
Acquisition to strengthen US equipment supplier’s position as transportation and logistics partner to major OEMs
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NMMA names new Canada executive director
Marie-France Poirier MacKinnon to succeed Sara Anghel as head of NMMA Canada effective May 1
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Caterpillar Q1 revenues up 17%
Growing marine engine sales help drive gains in strong first quarter
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MAN issues two sustainability announcements
MAN 175D engine certified as biofuel-ready, as registration opens for upcoming webinar focused on methanol as a marine fuel
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Webasto 2022 revenues reach record €4.4bn
Revenue gain of 19% year-over-year attributed to increases in roof system sales and growing contributions from battery and charging system sales
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Record Q1 revenues for Brunswick
Net sales exceeding US$1.7bn and adjusted earnings of $262m highlight strong first quarter for world’s largest marine company