All articles by Subscriber-only – Page 36
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Mixed results for Patrick Industries Q4, 2023 full-year financials
Revenues down but margins improve as US engineered components manufacturer balances headwinds in marine, RV segments
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Challenging year for Finnish boating industry
But value of exports rise, says industry association Finnboat
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Strong interest in UK marina group currently in administration
More than 30 ‘expressions of interest’ received
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AkzoNobel: 2023 rebound provides “good momentum” heading into 2024
Paints and coatings giant reports solid full-year results
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Nearly 30% marine growth leads Twin Disc FQ2 results
Strength in Marine and Propulsion and Land-Based Transmissions drove performance
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MasterCraft Q2 revenues down 37%
Lower volumes and higher promotion expenses impact revenues, profits in “challenging” second quarter for US boatbuilder
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Record Q3 sales, profits for Suzuki
Q3 marine revenues lag on continued softness in North American boat market
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2023 a mixed bag for Cummins
Record revenues and operating cash flow offset by regulatory and legal woes around US truck settlement
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Xylem Q4, 2023 full-year revenues exceed expectations
Rule, Jabsco and Flojet parent posts double-digit revenue gains for both fourth quarter and full 2023 fiscal year
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Solar-powered boat specialist from Finland targets export markets
Elvene Boats is currently focused on Europe and Africa, but the company is also working to expand its presence to the Middle East and Asia
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2023 a record year for Caterpillar
Record sales, operating profit and profit per share for US engine builder driven in part by higher marine sales
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Sessa Marine re-enters US market
New Florida office to distribute boats in the US and Caribbean
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Concerns mount as SA cargo figures show ports mired in the past
South African port statistics show national container throughput has dropped to levels seen 15 years ago
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Brunswick 2023 sales, adjusted EPS second highest in company history
Q4 sales down 14%, full-year revenues down 6% from record 2022 levels
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OneWater “cautiously optimistic” following fiscal Q1, maintains annual guidance
US retailer says latest results show the company is outperforming the industry
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Sealence raises €7.6m in latest funding round
Cash obtained through equity instruments, debt and grants
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Uncertainty over future of Silent Yachts
Media reports suggest one or more group companies have entered bankruptcy
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Dometic 2023 fiscal revenues down 7%
Impacts of softened boat, RV markets apparent with lower Q4 revenues, profits