All articles by Craig Ritchie – Page 18
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News2024 another record year for Suzuki
Marine segment down 2% in revenues but profits up despite soft global boat market
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NewsTwin Vee revenues down, but losses reduced in ‘decent’ Q1
Field inventory reductions and cost-cutting measures improve bottom line for US boatbuilder
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NewsYamaha US donates boats to conservation agencies
Yamaha US Marine Business Unit donates three vessels to support Georgia Department of Natural Resources education, enforcement efforts
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NewsLippert Q1 revenues climb by 8%
Strength in resurging US RV market offsets continued softness in marine for US components manufacturer
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NewsMasterCraft Q3 results beat expectations
Planned volume reductions yield lower income but improved dealer pipeline as US boatbuilder adjusts to ‘evolving macroeconomic conditions’
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NewsKVH Q1 revenues down, but losses reduced
Expense reduction initiatives and higher demand for Starlink, CommBox Edge offerings credited with improved financial picture for US satcom firm
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NewsMJM Yachts expands dealer network in US Northeast
DiMillo’s Yacht Sales to represent sport yacht line in New York and Connecticut
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NewsCummins Q1 revenues, profits dip
Engine builder withdraws 2025 earnings guidance as it navigates “increasingly challenging” business environment
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NewsNew Jersey dealer buys marina for US$5.2m
Acquisition brings new business opportunities with expanded storage space and facilities for larger boats
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NewsWill Trump tariffs trigger new logistics disruptions?
As the last pre-tariff shipments arrive in US ports from China, experts say economic uncertainty could lead to a repeat of 2021’s supply chain upheavals
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NewsJohnson Outdoors Q2 revenues down, profits up
$54m lower operating expenses bring higher net results, but revenue decreases across all business segments remain a concern
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NewsLittelfuse Q1 revenues up 3.5%
Growth driven by solid electronics segment demand recovery and robust growth in the industrial segment
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NewsSuntex acquires Arizona marina
Saguaro Lake Marina represents third Phoenix-area property operated by US marina chain
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NewsRing Power expands Cox Marine US distribution footprint
Four new northeast dealers provide inroads into large and lucrative boating market
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NewsLower Q1 sales but stronger profits for Hubbell
Gains led by strong performance of electrical solutions segment, which includes Hubbell’s leisure marine business
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NewsFlat Q1 revenues but higher profits for Myers
Gross margin up 33%, operating income up 53% and net income up 94% YoY as internal restructuring drives efficiency improvements
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NewsPatrick Q1 sales up 7%
Gains in RV and housing sectors offset decreases in marine and powersports segments for US components manufacturer
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NewsAppointment at American Sportfishing Association
Kendra Allman named VP of member services and business development with responsibility for ICAST trade event
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NewsHighfield Boats USA names four new dealers
US dealer network for Highfield RIBs now stretches from Maine to Hawaii
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