All USA articles – Page 143
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NewsLippert reports ‘exceptional’ Q3
US-based Lippert Components added its Q3 results to the recent stream of good sales and revenue reports coming out of the third quarter, generated by the unexpected surge in demand for outdoor products in 2020 – including boating.
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NewsFortress Anchors appoints new European sales rep
US-based anchor manufacturer, Fortress Marine Anchors, has appointed IMDS as its sole sales representative in Europe.
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NewsBrunswick ramping up production to meet off-season demand
Brunswick Corporation’s impressive double-digit growth during third-quarter landed CEO David Foulkes an appearance on financial network CNBC’s ‘Mad Money’ to close last week, where he told host Jim Kramer the boat and motor manufacturer is tolling up production at all of its plants.
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NewsBeneteau makes key US appointments
Groupe Beneteau today announced that Nick Harvey and Andy Lindsay are to take on new roles with the group’s US brands.
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NewsMiami cancellation surprises few, relieves many, disappoints an industry and begs new questions
The decision by the National Marine Manufacturer’s Association (NMMA) to cancel nine of its first-quarter boats shows, including the cornerstone and iconic Miami International Boat Show (MIBS), was met with a mixed reaction from the recreational boating industry. But one universal sentiment was expressed by Correct Craft president and CEO ...
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NewsBrunswick reports ‘outstanding’ Q3 and is bullish on 2021
The industry’s largest company said it outperformed the market in its third quarter ending September 30, achieving double-digit growth in sales and earnings. Historically-low boat inventory levels position the company exceptionally well for the remainder of the year and throughout 2021.
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NewsRV, marine drive Patrick Industries' strong Q3 growth
OEM component manufacturer Patrick Industries showed strong third-quarter growth that belies an otherwise off year due to Covid-related shutdowns of its facilities and the many industries it serves.
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NewsThird quarter brings mixed bag for Xylem
Xylem Inc released its third-quarter financial results on Thursday, reporting overall revenues of US$1.22bn for the period and marking a 6% year-over-year decline from the $1.29bn reported for the third quarter of 2019.
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NewsFLIBS opens to smaller crowds
The first day of the 61st annual Fort Lauderdale International Boat Show (FLIBS), unsurprisingly, saw smaller crowds, which were welcomed with a mandatory mask policy and other safety measures that included a limited crowd capacity at the show aimed at holding a large international event in the midst of a ...
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NewsKVH posts strong Q3 results
Gains in both product and mobile connectivity service sales drive “strongest Q3 in years”
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NewsMiami and eight other NMMA winter shows cancelled
America’s National Marine Manufacturers Association (NMMA) has announced altered plans for its roster of boat shows scheduled for the first three months of 2021, including cancellation of the bellweather Miami International Boat Show
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NewsGarmin record Q3 results buoyed by strong marine sales
Marine segment posts 54% YOY revenue growth, 152% increase in operating income
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NewsMarineMax posts record Q4 and year-end results
America’s mega boat and yacht retailer group, MarineMax, achieved the company’s highest ever revenue and earnings for the fourth quarter and year-ended September 30, making it one of the industry’s largest companies.
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NewsSurprise Q3 results for Marine Products Corporation
Marine Products Corporation, makers of Chaparral, Robolo and Vortex boats, surprised Wall Street with its third quarter results that saw a nearly 10.5% reduction in unit sales and a 4.8% drop in sales revenue reported at US$68.7m.
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NewsHubbell feels Covid pinch in 2020 Q3 results
Declines in net sales, gross profits and net profits point to continued uncertainty in the power market
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NewsBetter than forecast results for Groupe Beneteau
The multi-brand French boatbuilder said the company is benefiting from its global, multi-segment positioning against the adverse environment of Covid 19
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VideoIBI Interview with America’s largest marine finance group (trailer)
In the latest installment of the IBI Interview series, IBI North America correspondent Craig Ritchie speaks with Bruce Van Wagoner President of Wells Fargo Marine Group, the largest marine finance provider in the US market about market conditions, inventory levels and how boat manufacturers and dealers have been managing through ...
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VideoIBI speaks with Wells Fargo Marine Group in America
IBI North American correspondent Craig Ritchie speaks with Bruce Van Wagoner, President of Wells Fargo Marine Group in the US, about how the 2020 boat sales and finance market is shaping up in the context of this year’s extraordinary Covid-related business disruptions in mid-March, followed by the surprise surge of ...
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NewsStrong boat sales float Q3 earnings for Polaris
Boat division leads all other segments with 30% YOY sales jump to drive higher overall earnings, profits
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NewsCummins’ North American sales decline, international sales stable
Cummins Inc closed its third quarter with revenues down 11% to US$5.1bn from last year, led by an 18% drop in North American sales while international revenues were flat.
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