Company Financials – Page 27
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NewsTwin Disc fiscal second quarter down 18%
More production will shift to the company’s new Lufkin, Texas facility
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NewsCaterpillar reports tough Q4, full-year 2020 results
Lower end-user demand and reduced dealer inventories responsible for sales drop
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NewsBrunswick sees strong growth and M&A activity for 2021
Questions about capacity, volumes, earnings, acquisition opportunities and channel expansions were answered in today’s call with analysts; boat production expected to hit 40,000 units by 2022
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NewsMarineMax tops expectations
US boat retail giant, MarineMax, posted both top-line and bottom-line gains which bested analysts expectations and yielded a record first quarter
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NewsBig Q4 caps “year of extremes” for Marine Products Corporation
Strong sales of larger boats with greater feature content propelled Marine Products Corp to a 47.6% YOY sales increase during the fourth quarter Georgia, US-based Marine Products Corporation released its 2020 fourth-quarter and full-year financial results on Wednesday, ending a year of unprecedented upheaval on thoroughly solid ...
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NewsSolid Q4 and year for Polaris; $600m in 2020 boat sales
Revenue gains of 24% for Q4 and 4% for full year highlight strong results for US boat and powersports equipment manufacturer
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NewsHanse overcomes Covid outbreak; announces record order book
The order book at the end of December 2020 was 62.5% higher than a year earlier
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NewsSunseeker’s largest distributor poised for a solid 2021
David Lewis, Managing Director of Sunseeker London Ltd – the largest single distributor network for Sunseeker worldwide - comments on the Group’s 2020 results and outlook for 2021, including yesterday’s cancellation of boot Düsseldorf
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NewsSunseeker posts 2019 gains
Financial accounts for UK boatbuilder Sunseeker International filed this week show the builder doubled its profits on a modest gain in revenues in 2019; significant financial restructuring will allow the company to carry forward with a launch plan to extend its range to 20 models.
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NewsLewmar’s 2019 results impacted by Lippert takeover
At the time, Lippert Components’s acquisition of the UK marine equipment manufacturer was described as the “best strategic option” for Lewmar and its employees
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NewsBurgess moves from profit to loss
Difficult market conditions caused 24% drop in turnover to £16.63 million for UK yacht brokerage firm
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NewsChris Craft is part of Winnebago Q1 gains
Strong consumer interest in the outdoors continued to drive sales, revenues and profitability in the first quarter, ending 28 November, for the manufacturer’s portfolio in recreational vehicles and Chris Craft boats
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NewsFountaine Pajot expects 2021 recovery
French catamaran builder Fountaine Pajot and parent company of Dufour Yachts confirmed its 2020 fiscal results confirming the negative Covid impact on both revenues and profitability
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NewsStrong Q4 drives Johnson Outdoors to higher full-year earnings
Gains in revenues, profits led by strong sales of watercraft and fishing products; supply chains remain stretched
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NewsBRP posts Q3 growth in sales and profits
As with other peers in the recreational sector, BRP saw continued momentum in consumer demand and growth in new entrants through its FY2021 third quarter, ending 31 October.
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NewsProduction move impacts OXE Marine results; BMW to co-brand OXE300
OXE saw a busy third quarter with a 77% jump in its order book, further development plans with BMW and Evoy, preparations for production in the US and Poland, and first sales to China via partner Parsun Power
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NewsUS dealer group OneWater posts record sales
OneWater Marine – one of America’s largest boat retailers – topped $1 billion in sales for the first time; the company also expanded its reach in Florida with another acquisition
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NewsMarine stocks continue upward march
News on several fronts of the pending success of a Covid-19 vaccine and promising treatments boosted stock indices around the world this week, sending share prices of marine industry companies upwards with them. Amidst news of the worsening outbreaks in America and Europe, the prospects of a viable vaccine certainly ...
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NewsMasterCraft posts most profitable first quarter in company history
Lower unit sales volumes attributed to supply chain challenges offset by delivery of more content-rich product as US boatbuilder ramps up for continued production increases
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NewsSanlorenzo sales remain on par with 2019
The Board of Directors of Italian yachtbuilder Sanlorenzo SpA today confirmed and approved the company’s results for the quarter and nine months ending 30 September. Consolidated net revenues from the sale of new yachts for the first nine months of 2020 totalled €322.6 million, compared to €322.8 for the same ...
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