Company Financials – Page 40
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News2019 has been a crucial year for Fairline Yachts
The company has hopes of profitability after heavy losses during its first 3 years of operation. Fairline’s just-filed accounts for 2018 show a loss of £14.8m
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NewsDiscovery Yachts’ possible administration yet to be confirmed
UK builder reported to be facing financial difficulties
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NewsPositive Q4, 2019 FY for Johnson Outdoors
Continued momentum in fishing segment propels 14% sales gain for quarter, full-year revenue gain of 3%
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NewsBRP celebrates record Q3
Quebec, Canada-based BRP Inc released third quarter results for its 2019 fiscal year today, celebrating what president and CEO José Boisjoli described as the company’s best third quarter ever with year-over-year increases in total revenues, gross profits, net incomes and EBITA.
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NewsYamaha Motor’s share price jumps 13% on Q3 results
Japan’s top manufacturer of outboard motors, personal watercraft, and boats reported a 4% increase in marine revenues for the first nine months of 2019, and confirmed the company’s outlook for year-end results
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Osculati reports strong 2019 results
Italy’s Osculati Group has reported turnover of €72m for the year ended August 31, 2019 – an 8% increase over the same time last year. Positive performance was recorded across all markets and product categories, with sales in Italy up 5% and sales in the rest of Europe up 9%. ...
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NewsACI reports drop in profits for first nine months
The Croatian state-owned marina operator ACI has reported a 14.6% drop in profits for the first nine months of 2019. The company, which operates a chain of 22 marinas, achieved a profit of Kuna 33.7m – a Kuna 5.7m or 14.6% weakening in profits for the period ended September 30, ...
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NewsStrong Q1 for MasterCraft Boat Holdings
MasterCraft Boat Holdings Inc marked a strong start to its 2020 fiscal year, reporting gains in revenues, net income and adjusted EBITA among its first quarter results.
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NewsKVH reports softer third quarter results
Mobile connectivity and inertial navigation system manufacturer KVH Industries posted total revenues of US$39.3m in its 2019 third quarter results, while celebrating the shipment of its 10,000th VSAT system.
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NewsMalibu Boats releases strong Q1 results
US-based boatbuilder Malibu Boats Inc reported strong first quarter results today, noting year-over-year gains in sales, profits and net income.
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NewsMixed Q3 results for Lippert Industries
US-based parts and components manufacturer Lippert Industries (LCI) released its third-quarter results yesterday, showing declines in its core RV OEM business being partially offset by growth in new markets including marine.
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NewsFLIR reports mixed bag for Q3
FLIR Systems released its 2019 third quarter results on Friday, reporting a bit of a mixed bag as gains in the company’s industrial and defense markets were offset by revenue, margin and earnings declines in its commercial products business unit, which includes leisure boating equipment.
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NewsHanse Yachts reports record turnover
Germany’s largest production boatbuilder increased turnover to €150m and achieved its highest profits since 2008
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NewsBeneteau shares drop 16% on news of lower growth & profitabillity
The French boatbuilder posted a fifth consecutive year of growth for its 2019 fiscal year, but investors appear to be uncertain about prospects for the coming year. Although noting a higher order book, Beneteau said it would not be issuing its FY 2019-20 outlook until 4 February and hinted that ...
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NewsGarmin releases strong Q3 results
Switzerland-based Garmin Ltd has reported strong sales for its third quarter, driven by growth in its aviation, fitness, outdoor and marine divisions.
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NewsAnnual revenues for US boat retailer MarineMax grew 5%
Financial results for America’s largest boat retailer – representing more than 20 boat and yacht brands across some 60 locations – were down for the company’s fourth quarter reflecting ’choppy’ market conditions across the industry in terms of both geography and product segments
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NewsSwedish equipment maker Dometic reports a 2% rise in Q3 revenues
Dometic President and CEO Juan Vargues presented a confident picture of the company’s prospects amidst a ‘challenging global trading environment’ and affirmed plans for further acquisitions and significant restructuring
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Patrick Industries Q3 sales down, earnings impacted by cyber attack
Patrick Industries, maker of component parts for the marine, RV and manufactured homes industries, is reporting third-quarter sales were off 2% or US$8.9m compared to 2018 results for the same time period, adding that the company took a US$41.5m hit due to what it calls “a sophisticated cyber-attack” last month.
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NewsBurgess reports large jump in profits in 2018
CEO Jonathan Beckett increases majority share from 63% to 71%
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NewsBrunswick’s Q3 net sales down 5.7%
US-based Brunswick Corporation reported financial results through the end of September showing anticipated declines in top-line revenues, but exceeding earnings expectations
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