All articles by Subscriber-only – Page 25
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NewsMasterCraft Q3 revenues drop 42%
Continued high interest rates slice revenues, earnings for US boatbuilder
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NewsCape Town reports unprecedented superyacht influx due to Red Sea crisis
As many as 20 superyachts have re-routed around the Cape in recent months
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NewsNo need to be in Washington to advocate for boating industry
The American Boating Congress opens today and runs through Friday
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NewsInvestors unfazed by Beneteau’s poor Q1 sales
Company sticks to its full-year outlook for ordinary operations margin in 7%-10% range
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NewsKVH Q1 revenues drop 14%
Challenging Q1 for US satcom service provider as it winds down hardware manufacturing operations
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NewsHempel to divest JW Ostendorf and Renaulac business units
Proposed sale to equity group Fidelium Partners to include German factory, French stores and about 500 employees
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NewsLakes Act key to expand and improve recreation infrastructure
The Act will be a major topic of discussion at the American Boating Congress this week
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NewsSpringer bids adieu to Malibu
Outgoing CEO Jack Springer says his decision to step down was not taken lightly
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NewsAnother tough quarter for Johnson Outdoors
Second-quarter revenue and profit declines across all operating segments underscore challenging market conditions for US watercraft and equipment manufacturer
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NewsInvestigation into antidumping, countervailing duties to coincide with ABC
Proposed duties on aluminium extrusions into the US will be high on the agenda when the ABC convenes in Washington next week
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NewsTwin Disc acquires power transmissions specialist
US equipment firm to close on deal in next 30 to 40 days
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NewsPre-owned sales one bright spot in soft Q2 for OneWater
US boat retailer saw revenue decrease 7% in the fiscal second quarter
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NewsPatrick reports higher revenues, margins, incomes in solid first quarter
Rebound of recreational vehicle sector offsets soft marine market for US engineered components manufacturer
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NewsMalibu Boats reports dismal Q3, revises 2024 guidance
US builder anticipates year-over-year decline in annual net sales of around 40%
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NewsCummins Q1 revenues down, but profits up
US engine builder raises full year guidance on strong outlook
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NewsXylem Q1 revenues up 40%
Rule, Jabsco and Flojet parent raises full year guidance on strength of encouraging demand picture
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NewsWells Fargo – don’t expect US rate cuts till September
US bank’s April economic outlook says finance sector in a holding pattern, with no rate adjustments expected until Q3
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StabilisationThe self-levelling yacht - CMC Marine spearheads use of advanced sensor tech
Harnessing artificial intelligence with powerful and responsive actuators and hydrodynamic comtrol surfaces can eliminate much of the movement associated with seasickness
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NewsRecord Q1 for Garmin
Consolidated sales up 20%, marine sales up 17% as electronics manufacturer reports record financial results across four of five business segments
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NewsPhilippine Coast Guard calls for foreign yacht entry ports
Recommendation comes following a major drugs haul at a police check point in Batangas
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