All articles by Craig Ritchie – Page 76
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Record Q2 for MasterCraft
Net sales up 19% YOY, gross profit up 38.5% on strength of continuing high demand
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NMMA Canada hosts virtual State of the Industry event
Trade group’s “first and hopefully last” virtual presentation highlights continued market strength and ongoing advocacy efforts
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Record sales drive “historic” Q4, 2020 FY for Lippert
US components manufacturer reports $2.8bn in net sales, $158.4m in net income for 2020 fiscal year
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Johnson Outdoors Q1 operating profit up 245%
US equipment manufacturer marks significant YOY gains in fishing equipment and watercraft sales following “unprecedented” quarter
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Annapolis spring shows to combine
Annapolis, US-based boat show producer Annapolis Boat Shows has announced plans to combine its two spring events into a single combined boat show.
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Suntex Marinas acquires downtown Miami facility
Prime Marina Miami acquisition brings Suntex marina portfolio to 30 properties in US
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Xylem Q4, full-year results exceed expectations on strong year-end growth
Rule, FlowJet and Jabsco parent reports Q4 and FY revenues of $1.37bn and $4.88bn respectively
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New CEO at Emerson
Missouri, US-based software technology firm Emerson has named Lal Karsanbhai as its new CEO effective February 5.
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Appointment at Hempel Group
Lyngby, Denmark-based yacht and marine equipment coatings manufacturer Hempel Group has named Alexander Enström to head up the company’s new global marine organisation.
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Boat Fix signs supply agreement with Vision Marine technology
Connecticut, US-based Boat Fix has signed a new supply agreement with Vision Marine Technologies (VMT) to provide white-labeled telematics solutions that will be included in the company’s 2021 model year electric boat products.
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Appointment at Lippert
Indiana, US-based parts and accessories manufacturer Lippert has named Ryan Smith as group president with responsibility for the company’s North American OEM businesses.
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MarineMax tops expectations
US boat retail giant, MarineMax, posted both top-line and bottom-line gains which bested analysts expectations and yielded a record first quarter
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Appointment at T-H Marine
Alabama, US-based marine equipment manufacturer T-H Marine Supplies Inc has named Chris Drahman as its new national sales and marketing manager, with immediate effect.
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Big Q4 caps “year of extremes” for Marine Products Corporation
Strong sales of larger boats with greater feature content propelled Marine Products Corp to a 47.6% YOY sales increase during the fourth quarter Georgia, US-based Marine Products Corporation released its 2020 fourth-quarter and full-year financial results on Wednesday, ending a year of unprecedented upheaval on thoroughly solid ...
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Solid Q4 and year for Polaris; $600m in 2020 boat sales
Revenue gains of 24% for Q4 and 4% for full year highlight strong results for US boat and powersports equipment manufacturer
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Virtual Toronto Boat Show exceeds expectations
The first-ever virtual Toronto International Boat Show (TIBS) wrapped up Sunday leaving organisers pleased with exhibitor feedback, and exhibitors pleased with what are being described as better-than-expected sales.
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Yamaha sets sights on saltwater outboard market
Introduction on new engines, digital control and propellers aimed at capturing greater share of offshore sector
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Appointment at Yanmar America
Georgia, US-based Yanmar America has named Carl J. Micu as division manager of power solutions.
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Lippert Components rebrands
Indiana, US-based parts and accessories manufacturer Lippert Components Inc has introduced new, simplified “Lippert” branding that will be used across its marine, RV and automotive businesses with immediate effect.
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Scania preparing for 2021 events with new promo boat
Engine manufacturer Scania has partnered with Viking Yachts to produce a new demo boat that will be used to demonstrate the company’s latest marine engines at future events and shows in the United States.