Company Financials – Page 18
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NewsThe Italian Sea Group sees huge rise in revenues and profitability
With its IPO and the purchase of the Perini Navi assets for €80m, 2021 will be a significant and historic year for The Italian Sea Group (TISG). In terms of it 2021 financial performance it saw total revenues increase 60.3% year-on-year to €186m and its EBITDA jump 100%. Its current ...
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NewsNimbus sees faster growth through company-owned dealers
Sweden’s largest boatbuilder saw robust gains in both revenues and profitability in 2021, underpinned by an ongoing strategy of vertical integration into the retail segment, along with expanded distribution in promising growth markets
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NewsAs forecast, Grand Banks posts loss for 1st half
The luxury motoryacht builder was shutdown due to Covid-imposed restrictions for much of the company’s first quarter, running from July through September 2021
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NewsGarmin reports sixth consecutive year of revenue growth
Electronics manufacturer Garmin Ltd. released its 2021 fourth quarter and full-year financial results on Wednesday, reporting record revenues for both terms.
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NewsNew OXE Marine CEO meets industry at Miami
OXE Marine was on hand at the Miami boat show during an eventful week in which it confirmed a new CEO, completed a deal with US-based Diesel Outboards and released 2021 financials.
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NewsDometic: “We’re walking the talk”
President and CEO of Sweden’s Dometic Group, Juan Vargues, will be in Miami this week to reiterate why Marine remains a key part of the equipment manufacturer’s portfolio even as it propels the business forward on a massive strategic transformation first communicated to the market in 2019
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NewsFairline set on positive course as losses slashed
Strategic report highlights key goals for 2022
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NewsPatrick Industries drives record Q4 and full-year 2021
The 10 companies acquired in 2021 made a significant contribution to revenues
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NewsAkzoNobel: weak end to year of high costs, disrupted supplies and lockdowns
But Dutch paints and coatings giant issues upbeat outlook for the years ahead
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NewsMalibu building boats at historic levels
With a growing portfolio of brands – including Malibu, Axis, Cobalt, Pursuit, Maverick and most recently a surprise equipment acquisition – the Malibu Boats group has again posted robust quarterly results amidst what it termed ‘scorching’ retail demand
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NewsRecord year for Cummins despite flat Q4
Record full year revenues top US$24bn; sales grow 17% in North America, 27% internationally
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NewsSupply chain woes bite into Johnson Outdoors Q1 results
Shortages, delays lead to 7% overall revenue decline and 45% drop in net income for US electronics, accessories and watercraft builder
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NewsXylem Q4 revenues top US$1.3bn
Rule, Jabsco, Flojet parent reports full-year revenues of $5.2bn for 7% YOY gain
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NewsSanlorenzo presents message of financial strength and consistent growth
Perotti buys 50m superyacht to support brand’s sustainability commitment
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NewsQ4 sales up 20% for Hubbell
US shore power and electrical equipment manufacturer posts 14% full year revenue gain, calls for 2022 sale growth of 10%
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NewsOneWater reports double-digit increase in Q1 sales
US retailer raises its full-year guidance for fiscal 2022
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NewsMasterCraft reports fifth consecutive record quarter
Net sales up 34%, net income up 23% for US boatbuilder in “extraordinary” second quarter results
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NewsTwin Disc sees marked improvement in Q2, marine market cited as contributor
But supply chain issuescontinue to limit sales growth
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NewsTeledyne: “Raymarine had a great year”
In his Q&A with analysts following the company’s results webcast, Teledyne’s CEO made several specific comments on Raymarine’s performance, including a response to analysts’ speculation about divestitures
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NewsVolvo increases deliveries amidst a turbulent year
Volvo Group’s marine engine business reported a 21% boost in net sales for 2021, which carried through the fourth quarter with strong demand in the leisure marine market
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