All articles by Subscriber-only – Page 16
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NewsMixed Q2 for Myers Industries
US fuel tank builder posts revenue gains but lowers full-year guidance on continued softness in recreational end markets, including marine
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NewsCummins posts record Q2 revenues of $8.8bn
US engine builder reports record sales and higher profitability in strong second quarter, leading it to raise full-year guidance
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NewsIEMA to set up headquarters in Barcelona?
The International Electric Marine Association has its sights on the Catalan capital
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NewsGarmin Q2 revenues up 14% to record $1.51bn
Electronics giant marks fourth consecutive quarter of double-digit growth, with marine segment revenues up 26%
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NewsTough FQ3 for OneWater, guidance adjusted downward
CEO blames progressively weaker market environment for fiscal decline
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NewsHubbell Q2 revenues climb 6%
Electrical Solutions segment, including Hubbell’s leisure marine business, down 2% despite margin expansion and operating profit gains
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NewsXylem Q2 revenues up 26%
Rule, Jabsco and Flojet parent raises full-year guidance on strong earnings despite softer performance in leisure marine segment
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NewsNathaniel Rothschild appointed chairman of Nobiskrug parent
The British banker’s 73m explorer yacht is also up for sale at £79.3m
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NewsFurther market softness predicted by Brunswick CEO, but company positioning itself for recovery in 2025
Investors respond positively following last week’s earnings call
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NewsAkzoNobel reports third consecutive quarter of growth
Dutch paint and coatings giant releases Q2 financials
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NewsPolish builder to introduce new model, open new production hall
The Stillo 31 will have its official premiere this autumn
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NewsOXE Marine in discussions with bond holders, EIB on potential restructure
Diesel outboard maker says it is looking to grow without working capital constraints
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NewsBank of Canada cuts interest rate for second straight month
Further rate reductions anticipated as inflation continues to ease and boat sector plans for 2025
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NewsPolish builder to roll out new boat range
Balt-Yacht says it has ambitious plans for the future as it unveils its latest motoryacht
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NewsMarineMax revenue up, profits down for FQ3
US boat and yacht retailer maintains guidance for 2024
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NewsBrunswick Q2 revenues down 15%
Slow retail sales lead to second-quarter results falling “slightly below expectations” for world’s largest boat, engine and marine equipment builder
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NewsTough Q2 for Marine Products Corp
US boatbuilder reports 40% YoY revenue decrease as dealers continue facing high inventory finance costs
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NewsDutch builder forms refit division
The team has already welcomed J-Class yacht Hanuman for an extensive refit
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NewsPlans to strengthen Ancona’s yachting links
New collaboration to provide space for yacht-building and boost local yacht tourism
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