Company Financials – Page 6
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News
Brunswick Q2 revenues down 15%
Slow retail sales lead to second-quarter results falling “slightly below expectations” for world’s largest boat, engine and marine equipment builder
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Tough Q2 for Marine Products Corp
US boatbuilder reports 40% YoY revenue decrease as dealers continue facing high inventory finance costs
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Polaris Q2 revenues down 12%
Marine sales decrease 40% YoY while maintaining share in key pontoon segment
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Beneteau boat sales down 32% in H1; forecast of €1bn for year-end (€1,465bn 2023)
The decline is linked to expected changes in dealership inventory levels
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Volvo Group reports profitable Q2 despite headwinds
Swedish engine builder cites market normalisation for weak end-customer demand
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Nimbus Group reports drop in Q2 sales
Second quarter characterised by ‘wait-and-see’ attitude, says Swedish builder
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UK marina operator reports profit increase
Trend for UK staycations and growth in the boat-owning population brings more business to the group
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BRP Q1 revenues decrease 16%
Soft results in line with expectations, says CEO, as marine segment revenues drop by 56%
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Ferretti’s Q1 results confirm further growth, record order backlog
Order intake in the first quarter of 2024 amounted to €266.6m
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Twin Vee Q1 revenues down 41%
Losses continue for US boat builder as high interest rates reduce demand in tough American boat market
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Taiga reports higher sales, net loss for 2024 Q1
Canadian electric PWC builder reports revenue gains, but higher costs amid manufacturing ramp-up
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Yamaha Q1 reflects marine market decline
Core business of motorcycles offsets declines in the Marine Products division
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Sanlorenzo reports continuing strong performance in Q1 2024
Decision on any deal with Nautor Swan to be finalised in next few weeks
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Record full-year sales, profits for Suzuki
Marine revenues down 16% in face of softer North American, European boat markets, with improved fourth-quarter earnings pointing to segment gains in 2024
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Honda full-year 2024 revenues up 21%
Strong demand for automotive and motorcycle products offset decreases in power products sales, including marine
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Myers posts lower Q1 revenues, profits
Sagging marine, RV OEM sales offset in part by contribution from Signature Systems acquisition in overall softer Q1 for US plastics manufacturer
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Lippert Components reports solid Q1 results
Sagging North American marine OEM sales offset by recovering RV market and stronger international revenues
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MasterCraft Q3 revenues drop 42%
Continued high interest rates slice revenues, earnings for US boatbuilder
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KVH Q1 revenues drop 14%
Challenging Q1 for US satcom service provider as it winds down hardware manufacturing operations
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