Company Financials – Page 14
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Better than expected Q3 revenues for MasterCraft
Revenues and net income lower with softening market, but exceed forecast for US boatbuilder
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Tough Q1 for Lippert
Sharp declines in North American RV sales impact Q1 earnings in spite of stronger performance from marine and international business segments
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KVH Q1 revenues up 2%
Higher VSAT airtime revenues offset lower product revenues in generally solid first quarter for US mobile connectivity firm
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Easing supply chain spells solid Q2 for Johnson Outdoors
US equipment manufacturer posts higher revenues and profits as supply improvements allow more product to ship in time for peak selling season
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Led by strong service/P&A OneWater eyes outperforming the industry
Fiscal Q2 sales up by almost 19%
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Slower Q1 for Myers Industries
Reduced demand from a contracting US RV sector combined with inflationary pressures on consumers lead to lower sales, profits for Ameri-Kart, Scepter parent
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Garmin marks Q1 revenue growth in 4 of 5 business segments
Spring promotions and strong chartplotter demand drive marine division revenues to 10% YoY growth
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Malibu reports mixed FQ3 results
The company’s Pursuit, Cobia and Pathfinder brands had strong showings
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Record Q1 for Cummins
Revenues of US$8.5bn and 8% YoY growth in engines segment push engine builder to increase full year guidance by up to 20%
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Marine segment leads double-digit sales growth for Twin Disc
Sales of Marine and Propulsion systems up 32% in fiscal third quarter
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Caterpillar Q1 revenues up 17%
Growing marine engine sales help drive gains in strong first quarter
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Marine sales keep Patrick Industries afloat in Q1
Patrick’s strategy of diversification and integration continues to show a return
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Webasto 2022 revenues reach record €4.4bn
Revenue gain of 19% year-over-year attributed to increases in roof system sales and growing contributions from battery and charging system sales
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MarineMax sees softening market, adjusts fiscal 2023 guidance
US boat retailer cites growing macroeconomic uncertainty for downward projections
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Record Q1 revenues for Brunswick
Net sales exceeding US$1.7bn and adjusted earnings of $262m highlight strong first quarter for world’s largest marine company
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Marine revenues grow 19% in challenging Q1 for Dometic
Net sales down just 3% overall as strong marine segment performance helps offset declines related to US RV business
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Record Q1 for Marine Products Corp
Net sales up 55%, net profit up 64% as improved supply and logistics, good boat show results drive strong first quarter for US builder
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Hubbell marks sixth consecutive quarter of double-digit growth
YoY gains in net revenue, gross profit, operating income and net income lead US electric equipment manufacturer to raise FY2023 guidance
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Polaris Q1 sales up 22% YoY
Marine sector revenues climb 25% on strength of favorable pricing and product mix
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Nimbus Group reports record 2022
Swedish builder attributes sucess to its collective ability to pursue a clear growth strategy