Company Financials – Page 35
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NewsCovid-19 shutdowns cut MasterCraft FY 2020 earnings
US boatbuilder posts losses of $10.1m for Q4 and $24m for 2020 full year, but issues positive guidance for FY 2021
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NewsSanlorenzo releases strong preliminary figures for July and August
Order backlog hits €613m as of 31 August 2020, up €47m in just two months
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NewsAncasta releases latest accounts covering ‘challenging year’
Ancasta, one of the UK’s largest boat retail operations, opened its commentary on the company’s latest annual accounts for the year ended August 2019 by citing ”Brexit and the associated effects including weak sterling” as a cause for increased pressure on both new boat volume and margins. This, in tandem ...
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NewsGrand Banks reports results & plant closure
The Malaysian luxury boat builder finished its fiscal year 2020 on a strong note with a 30% increase in revenues and fifth consecutive year of profits despite 8 weeks of shutdown and restructuring costs.
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NewsSanlorenzo confirms 2020 outlook
Italian luxury yacht builder reports €566 million order book and expects net revenues and EBITDA in line with 2019 results; announces new sales events
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NewsHigher profits offset lower Q2 revenues for BRP
Recreational products manufacturer BRP said Q2 delivered better than expected results driven by strong worldwide retail demand for its portfolio, including PWCs and boats. Wind-down of the Evinrude outboard business was reflected in a 35% drop in marine revenues.
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NewsQ4 plant shutdowns drag down full-year revenues for Malibu
Challenging fourth quarter leads to 4.5% net sales decline for FY 2020, but company looking to grow share in 2021 with new model introductions
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NewsSuperyacht concierge business gains support from US investor to survive Covid-19
Supporter is World Fuel Services shareholder and global marine fuel company
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News2020 Q4, full-year sales down for Twin Disc
Covid-19 impacts and soft commercial markets lead to 18% YOY revenue decline for US equipment manufacturer
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NewsGYG issues strong first-half trading update
CEO Remy Millott: “The team’s focus on improving margins is starting to flow through” Global Yachting Group (GYG), the UK-based superyacht painting, supply and maintenance firm, has issued a positive first-half trading update for the six months ended June 30, 2020. The announcement comes not long after ...
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NewsScott Bader reports full 2019 results
The global materials specialist announced a 12% increase in profits for 2019, while reporting a 3% dip in turnover
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NewsYamaha announces first six months results; marine sales down 16.3%
Net sales for Yamaha Motor Co Ltd’s consolidated accounting period for the first six months of the 2020 fiscal year ending December 31, 2020 were ¥685.5bn (a decrease of ¥170.4bn or 19.9% compared with the same period the previous fiscal year). Operating income was ¥19.1bn (a decrease of ¥49.9bn or ...
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NewsLippert reports mixed Q2 results, together with surging summer demand
The US-based component supplier saw sales declines related to OEM shutdowns early in the second quarter, offset by a 109% jump in aftermarket sales and surging June and July retail demand in the outdoor-leisure segment
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NewsJohnson Outdoors Q3 revenues down 21%
Strong demand for fishing products through May and June not enough to offset impact of April Covid-19 shutdowns
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NewsUS boat retailer OneWater Marine release Q3 results
The second largest American boat sales network reported strong top- and bottom-line growth and significant market share gain boosted by unprecedented retail demand
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NewsBrunswick reports Q2 results revealing Covid impact on industry’s largest player
US boat and engine manufacturer sees strong retail demand, following a -15.2% decline in sales in the second quarter including a -32% drop in boat segment sales for the period; With current recovery pace, the company expects to meet its 2022 financial targets and sent stock soaring to highest-ever level
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NewsTough Q2 for Cummins Inc
US engine manufacturer records largest quarterly revenue decline in its history Covid-19 shuts down OEM customers worldwide
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