Company News – Page 8
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NewsNimbus gains nearly 43% in US market share among Scandinavian brands
Rising brand awareness and consumer demand for differentiated products beyond traditional categories are said to be driving growth
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NewsPrincess Yachts shifts to direct sales model in key Asian markets
The company will operate through a wholly owned Hong Kong subsidiary, ending its existing distributor arrangement in the territory
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NewsYamaha announces record-setting revenues and profits in strong first half
Engine builder raises full-year guidance despite cost pressures, tariff impacts
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NewsRyds Boats partners with Kellox and Erling Sande to expand Nordic reach
The Swedish builder has formed a distribution partnership with two Norwegian Peak Invest subsidiaries to strengthen its presence across the region
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NewsMyers reports strong Q2
Higher revenues and profits highlight second quarter earnings for US plastics manufacturer
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NewsBaglietto linked with possible acquisition of TISG's La Spezia yard
Italian yacht builder is reported to be among potential parties interested in assets of financially troubled The Italian Sea Group
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NewsInventory control leads US dealers to higher margins on lower revenue
Two leading US boat retailers reported higher profit margins despite lower revenue in the fiscal third quarter, crediting strict inventory controls for their improved performance
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NewsFHG Marine Engineering acquires Scott Marine Power
South Florida marine services group adds Fort Lauderdale-based propulsion specialist with MAN, Scania and Yanmar sales and service capabilities
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NewsCummins raises 2026 guidance on record second-quarter sales
YoY growth across all operating divisions deliver second quarter results that exceed expectations for US engine builder
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NewsSales, profits jump for Johnson Outdoors with strong Q3
Gains in fishing and diving segments offset decreases in watercraft recreation for US equipment manufacturer
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NewsTISG launches formal investor search amid restructuring
Multiple potential investors have expressed interest in acquiring the troubled superyacht builder
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NewsQ2 profits climb for Lippert Components despite lower revenues
Effective cost controls lead to higher earnings for US equipment manufacturer as it prepares to merge with competitor Patrick Industries
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NewsBlackstone acquires MarineMax in US$1.5bn all-cash deal
The agreement ends the months-long bidding war between Blackstone and investment groups Donerail and Centerbridge
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NewsUS bank enters yacht finance market
Peapack-Gladstone has begun offering specialised yacht finance for HNWIs
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NewsPolish builder launches e-catamaran for disabled boaters
The electric cat can accommodate up to six people, including four wheelchair users
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NewsTwo Oceans Marine completes NSRI Offshore Rescue Craft series
The purpose-built, self-righting 14.8m ORCs are engineered for extreme sea conditions with a 40-year operational lifespan
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NewsMichael Schmidt & Partner rebrands as Inspiration Marine Group
Brokerage business adopts parent company’s name as group brings sail, power and brokerage operations under a single brand
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NewsBeneteau first-half revenues: IBI comments
Concerns over Middle East conflict continue to weigh on growth
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NewsFairline boosts European dealer network with Yachthub Group addition
Partnership expands UK builder’s presence into Malta and nine Adriatic territories
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NewsRolls-Royce H1 profit surges 46% on transformation gains
The London-listed group, whose Power Systems division owns mtu, raised full-year profit guidance to £4.7bn-£4.9bn after a strong first half
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