All articles by Craig Ritchie – Page 83
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NewsGarmin extends supply deal with Regulator Marine
Garmin has extended an exclusive supply agreement with North Carolina, US-based fibreglass boat builder Regulator Marine that will now see the company’s Fusion Entertainment brand of stereos, amplifiers and speakers included as standard equipment in all Regulator boats from 23ft-41ft.
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NewsSiren Marine makes key promotions
Rhode Island, US-based Siren Marine announced a pair of executive personnel appointments on Monday, naming Jeffrey Poole as its new chief operating officer (COO) and Paul Fournier as chief financial officer (CFO).
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News2020 NMEA Conference & Expo shifts to virtual format
The National Marine Electronics Association (NMEA) has confirmed that the organisation will replace its scheduled 2020 NMEA Conference and Expo with a new virtual event in light of continuing uncertainty related to the Covid-19 pandemic.
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NewsViking reschedules Mullica plant expansion
Viking Yachts has confirmed that a planned expansion of the company’s Valhalla centre console boat plant has been put on hold till spring 2021.
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FeatureGoodbye to an old friend - origins of the outboard engine
The news this week that BRP Inc. has elected to exit the outboard engine business and discontinue building product under its Evinrude nameplate closed the book on a brand that helped drive boating into the modern era. Ole Evinrude, a Norwegian emigrant to the United States, is widely credited with ...
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NewsTough Q1 for BRP as it exits the outboard engine business
Near 26% revenue decline in marine segment and over 40% drop in outboard sales leads BRP to discontinue production of Evinrude outboards and pursue new marine strategy including partnership with Mercury
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NewsICOMIA names new president, board appointments
The International Council of Marine Industry Associations (ICOMIA) has announced a number of board appointments in the wake of its annual general meeting last week, including the election of Sara Anghel as its new president.
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NewsNMEA releases online summer training schedule
Courses offered on multiple days and times to accommodate pupils worldwide
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NewsMalibu Boats feels Covid pinch in otherwise strong Q3 results
Malibu Boats CEO Jack Springer said the company’s third quarter was a “tale of two environments”, reflecting the impact of Covid-19 Tennessee, US-based boatbuilder Malibu Boats Inc said its third quarter of 2020 started off strongly before plant and dealership closures related to the arrival of the ...
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NewsCovid-related production disruptions lead Mastercraft to $36.7m Q3 loss
March production cutbacks lead to 20% YOY drop in net sales, 32% drop in gross profit
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NewsFLIR Systems announces solid Q1 and intention to keep Raymarine
FLIR Systems CEO Jim Cannon said the Covid-19 pandemic “has resulted in disruptions to our supply chain, as well as significantly reduced sales” Virginia, US-based FLIR Systems Inc released its 2020 first-quarter results on Wednesday, posting a 1.4% year-over-year revenue increase for the quarter on the strength ...
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NewsCoronavirus shutdowns bring lower Q2 sales, income for Johnson Outdoors
Shelter-in-place orders during the Covid-19 pandemic hurt Johnson Outdoors’ watercraft business, which posted a Q2 operating loss of $1.63m Wisconsin, US-based marine equipment manufacturer Johnson Outdoors Inc released its 2020 second-quarter results on May 5, reporting declines in both sales and net income as a result of ...
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NewsLippert reports mixed Q1 results, but says acquisitions still in view
Profitability declined due to coronavirus-related shutdowns offsetting sales gains and an otherwise strong start to FY 2020
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NewsKVH Q1 revenues up 1% in spite of Covid-19
Pandemic impacts, uncertain market ahead lead to withdrawal of 2020 guidance
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NewsCanadian boatbuilder dies from Covid-19
Doug Rosborough, founder of Halifax, Canada-based custom boatbuilder Rosborough Boats, passed away on April 27 as a result of complications associated with the Covid-19 coronavirus.
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NewsRecord Q1 revenues for Garmin
Garmin Ltd released its 2020 first quarter results on Wednesday, reporting record Q1 revenues and double-digit revenue growth in four of its five operating segments – including a 22% bump in its marine business.
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NewsCovid-19, production adjustments lead to tough Q1 for Marine Products Corp
Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex fibreglass boat brands, released its 2020 first quarter financial results on Wednesday reporting double-digit declines in net sales, gross profits and operating profits.
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NewsLippert Components to relaunch US production on May 4
Enhanced safety measures allow global equipment manufacturer to resume operations at more than 70 US plants
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NewsSmoker Craft to resume boat production on April 27
Fibreglass, pontoon and aluminium boat builder Smoker Craft Inc has announced plans to return to full production at its Indiana, US manufacturing plant following a five-week shutdown in response to the Covid-19 pandemic.
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NewsSureShade relocates production to Florida
Move to existing Taylor Made facility to allow greater vertical integration and production capacity
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