Company Financials – Page 49
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AMH sold to private investors
The parent company of Donzi and Pro-Line will retain its current management
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MarineMax amends credit facility
The amendment increases the boat retailer's borrowing availability to US$300m while allowing for a US$40m loss in fiscal 2009
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Twin Disc to furlough factories in US and Europe
The company expects to create US$25m in operational savings from the cuts this year
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Gander Mountain reports higher sales, lower net loss
The US retail chain also reported same-store sales gains of 7 per cent for Q1
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Industry reacts to Genmar's Chapter 11 filing
The list of creditors include Volvo Penta, Mercury Marine and many other marine suppliers
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Genmar files for Chapter 11 bankruptcy protection
The second-largest boatbuilder in America said tighter loan requirements pushed it into bankruptcy protection
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Yamaha reports 35 per cent drop in Q1 sales
Marine product sales in both the US and Europe fell by about 50 per cent
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West Marine sales down 11 per cent
Even with a net loss of US$14.8m, West says it was the strongest first quarter since 2005
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Brunswick swings to net loss for Q1
CEO McCoy: "No meaningful economic recovery" for 2009, but Brunswick is "successfully managing" its businesses through the downturn
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Bnteau reports net loss of 20m
French boatbuilding group Bnteau has recorded a net loss of 20.3m for the first half of 2008/2009 compared to a profit of 29.8m for the same period last year
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Gander Mountain reports record sales and higher net income for Q4
But the national chain of outdoor equipment stores, posting a net loss of US$9.4m for the year, says it is exiting the powerboat business
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Askeladden to restart production
The Norwegian boatbuilder is to resume production in the coming weeks
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Nimbus factory to restart production
A group of investors has taken over the former Nimbus factory on the island of Gotland in the Baltic Sea
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Resurrecting a popular brand: Louisiana investors buy VIP assets out of bankruptcy
The new owners have high hopes for the VIP, Baystealth and Deckliner brands
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Possible takeover at Sweden Yachts
Two Norwegian investors may take over the ailing boatbuilder after the company filed for bankruptcy on Monday
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Askeladden to restart production
Norway's largest boatbuilder, Askeladden, is to restart production after filing for bankruptcy in 2008
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US powerboat sales may be off by 20 per cent in 2009
Brunswick CEO says sales volume may fall below 150,000 units compared to 196,000 last year
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West Marine reports 6 per cent drop in sales in Q4
The national marine retailer also reported a net loss of US$29m for the quarter
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Norberto Ferretti and senior managers negotiate to buy back company
If negotiations pan out, Ferretti and senior managers would own the boatbuilding conglomerate, while private equity firms Candover and Permira would have no stake in the company
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Garmin reports lower sales and profits for Q4
Sales of marine products were flat for the quarter
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