All articles by Craig Ritchie – Page 43
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NewsBryton Marine joins Platinum Club among Canada’s Best Managed Companies
Boatbuilder named among Deloitte’s best managed firms in Canada for seventh consecutive year
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NewsTwin 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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NewsTaiga 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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NewsCanadian bank anticipates 2% interest rate cut within 18 months
The Royal Bank of Canada says rapid interest rate cuts expected to begin soon and be more aggressive than cuts in the US
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NewsLewmar extends supply agreement with American Boatbuilders Association
Three-year partnership extension cements Lewmar’s position as preferred supplier of windlass anchoring systems and bow thrusters to US buying group
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NewsLippert acquires CWDS seating business
Acquisition of furniture production business positions US components manufacturer to enhance product range for marine, RV OEMs
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NewsRecord 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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NewsHonda 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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NewsHighfield Boats USA appoints four new dealers, new sales manager
New US and Caribbean dealers speak to continued growth of premium RIB brand
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ElectrificationYamaha partners with 14 tech firms to automate semiconductor production
Establishment of new standards body with Intel, Mitsubishi, Sharp and others aimed at strengthening semiconductor supply chains
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PropellersTorqeedo to integrate ocean plastics into propellers
Torqeedo aims to make its electric motors greener still by incorporating alternative materials in its component manufacturing
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NewsFreedom Boat Club opens new UK location
Boat club opens sixth operation in region with new Chertsey location
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NewsMyers 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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NewsSuzuki to expand stealth outboard lineup
New ‘Shinobe’ stealth finish to be offered on DF140, DF300A and DF350 models beginning autumn 2024
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NewsLippert Components reports solid Q1 results
Sagging North American marine OEM sales offset by recovering RV market and stronger international revenues
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NewsMasterCraft Q3 revenues drop 42%
Continued high interest rates slice revenues, earnings for US boatbuilder
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NewsKVH Q1 revenues drop 14%
Challenging Q1 for US satcom service provider as it winds down hardware manufacturing operations
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NewsSoFlo Boat Show kicks off May 17
Second annual south Florida boat show will feature more than 200 boats at Miami Marine Stadium from May 17-19
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NewsHempel to divest JW Ostendorf and Renaulac business units
Proposed sale to equity group Fidelium Partners to include German factory, French stores and about 500 employees
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NewsAnother tough quarter for Johnson Outdoors
Second-quarter revenue and profit declines across all operating segments underscore challenging market conditions for US watercraft and equipment manufacturer
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