Company Financials – Page 14
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Record Q2 revenues for Cummins in spite of continuing supply challenges
Strong demand for engines in North America and western Europe offset declines in Asia to drive solid second quarter
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Lippert Q2 results buoyed by marine sales
US-based Lippert Components announced a strong uplift in second quarter sales – including marine – spurred by the continuing popularity of outdoor pursuits
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Another record Q2 for Myers Industries
US fuel tank manufacturer raises 2022 outlook, hints at future acquisitions
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Caterpillar Q2 revenues up 11% to US$14.2bn
Energy and Transportation sector revenues increase 15% YoY, while profits jump 11%
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Brunswick delivers its best quarter in history
Industry’s largest player today confirmed its full-year revenue guidance and production of close to 40,000 annual units for 2022
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Beneteau reports H1 revenue gains
France’s largest boatbuilder and second largest global builder unable to deliver 600 boats due to supply chain disruption
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MarineMax Q3 revenue up despite same-store sales decline, raising 2022 guidance
The world’s largest recreational boat retailer saw revenue increase 3% to a record US$688.5m
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Patrick Q2 revenues up 45% to $1.5bn
Marine sector revenues grow 74% in strong quarter, anticipated to exceed $1bn annually in 2023
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Raymarine parent, Teledyne, reports Q2 results
Supply chain constraints, inflation and negative exchange rates all provided headwinds during the quarter, but the group has returned to the M&A market and is looking at further bolt-on acquisitions
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Fincantieri reports first-half loss of €234m
Italian shipbuilder says results were hit by a review of the business portfolio and various one-offs
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Marine Products Q2 sales up 42%
US boatbuilder increases dealer deliveries by 15% amid continuing supply challenges to drive growth in revenues, operating profit and net income
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Strong boat sales a bright spot in otherwise challenging Q2 for Polaris
Marine segment revenues jump 38% in second quarter, partially offsetting 23% decline in powersports equipment retail sales
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Hubbell Q2 revenues up 19%
US electrical equipment manufacturer anticipates full-year growth in range of 14% - 16% driven by organic increases and potential acquisitions
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OXE Marine logs best quarter yet
Swedish diesel outboard engine maker, OXE Marine reported second quarter results showing the company’s strongest progress to date
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Vision Marine rental operation drives triple-digit sales growth
Huge jump attributed to the inclusion of revenue from EB Rental
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AkzoNobel reports revenue growth amid volume declines
Global paint and coatings specialist, AkzoNobel, reported revenues up 14% despite China lockdowns and retail destocking
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Outboard engine shortage holds back Nimbus sales
Swedish boat builder, Nimbus Group, reports good Q2 despite engine delivery disruptions
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Volvo Penta posts record Q2 sales
In its report of second quarter financial results for the period ending June 30th, the Volvo Group saw a 20% increase of top-line sales, excluding positive currency effects
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Yanmar posts fiscal year growth
Yanmar Holdings Co. has announced its financial results for its fiscal 2021 financial year, closing 31 March 2022
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Dometic posts marine sales growth
Sweden’s Dometic Group reported Q2 sales growth in the context of a more challenging market in which Service and Aftermarket revenues took a hit