Company Financials
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NewsSunseeker London sees increased turnover but profits reduced
UK broker says turbulent operating environment in 2023 has strengthened its commitment to long-term objectives
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NewsBeneteau confirms H1 2024 financials, revises operating margins upwards
French builder says operating margins are now expected to reach 4% to 6%
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NewsHanseYachts closes 2023/24 business year with good results
The German builder reports record turnover and the best EBITDA in 15 years
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NewsMarina Estrella closes best fiscal year of the last decade
The Spanish distributor generated nearly €25m in revenues in 2023/24
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NewsSanlorenzo reports positive first half, maintains 2024 guidance
Italian superyacht builder grows revenues by 6.9%
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NewsFerretti Group boosts profitability; US and Middle East offset decelerating European market
Second quarter shows signs of long-term growth, including consistent recovery in demand from the North American market
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NewsNew CEO comes aboard with Malibu taking on water
Despite putting its best face forward: reduced dealer inventories, increased promotional activity, brand positioning in market segments and plenty of cash on hand, Malibu Boats, Inc’s (MBI) new CEO Steve Menneto takes the helm of a company taking on water as Q4 and fiscal 2024 numbers were more disappointing than ...
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NewsMasterCraft Q4 revenues down 60%
Full-year sales down 45% from record 2023, adjusted EBITDA down 75% in difficult year for US boat builder
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NewsMassimo Q2 revenues up but boat sales down
Sales of pontoon boats were down 73.5% in the second quarter of fiscal 2024
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NewsDP World reports “resilient” first half despite challenging conditions
The P&O Marinas parent grew revenues in the first six months of 2024, but Red Sea crisis and higher financing costs impact earnings
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NewsTwin Disc ends fiscal 2024 on a high
US firm reports strong performance in its Marine and Propulsion Systems segment
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NewsTwin Vee Q2 revenues down 47%
US boatbuilder posts $4.5m quarterly loss as it re-absorbs shuttered Forza X1 electric boat business
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NewsSUTL Enterprise reports small profit drop for 1H 2024
But revenues were up 5% on the sale of tickets and exhibition space at the 2024 Singapore Yachting Festival
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NewsLippert posts 4% Q2 revenue gain
Continued softness in recreational marine segment offset by higher OEM and RV sales in recovering RV segment
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NewsYamaha predicts headwinds in marine
Excellent first-half results mainly due to motorcycle business; marine expected to decline
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NewsCaterpillar Q2 revenues down, adjusted profits up
Single-digit revenue decrease offset by record adjusted operating profit for US engine builder
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NewsJohnson Outdoors Q3 revenues down 8%
US electronics, watercraft builder to “evaluate all aspects of the business” in face of continuing losses
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NewsDamen Shipyards reports record 2023
Dutch builder’s revenues pass the €3bn mark for the first time
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NewsKVH Q2 revenues dip by 15%
Quarterly result includes $1.2m in employee termination costs related to wind-down of satcom terminal manufacturing business
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