All articles by Craig Ritchie – Page 93
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NewsFLIR Systems announces solid Q1 and intention to keep Raymarine
FLIR Systems CEO Jim Cannon said the Covid-19 pandemic “has resulted in disruptions to our supply chain, as well as significantly reduced sales” Virginia, US-based FLIR Systems Inc released its 2020 first-quarter results on Wednesday, posting a 1.4% year-over-year revenue increase for the quarter on the strength ...
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NewsCoronavirus shutdowns bring lower Q2 sales, income for Johnson Outdoors
Shelter-in-place orders during the Covid-19 pandemic hurt Johnson Outdoors’ watercraft business, which posted a Q2 operating loss of $1.63m Wisconsin, US-based marine equipment manufacturer Johnson Outdoors Inc released its 2020 second-quarter results on May 5, reporting declines in both sales and net income as a result of ...
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NewsLippert reports mixed Q1 results, but says acquisitions still in view
Profitability declined due to coronavirus-related shutdowns offsetting sales gains and an otherwise strong start to FY 2020
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NewsKVH Q1 revenues up 1% in spite of Covid-19
Pandemic impacts, uncertain market ahead lead to withdrawal of 2020 guidance
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NewsCanadian boatbuilder dies from Covid-19
Doug Rosborough, founder of Halifax, Canada-based custom boatbuilder Rosborough Boats, passed away on April 27 as a result of complications associated with the Covid-19 coronavirus.
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NewsRecord Q1 revenues for Garmin
Garmin Ltd released its 2020 first quarter results on Wednesday, reporting record Q1 revenues and double-digit revenue growth in four of its five operating segments – including a 22% bump in its marine business.
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NewsCovid-19, production adjustments lead to tough Q1 for Marine Products Corp
Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex fibreglass boat brands, released its 2020 first quarter financial results on Wednesday reporting double-digit declines in net sales, gross profits and operating profits.
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NewsLippert Components to relaunch US production on May 4
Enhanced safety measures allow global equipment manufacturer to resume operations at more than 70 US plants
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NewsSmoker Craft to resume boat production on April 27
Fibreglass, pontoon and aluminium boat builder Smoker Craft Inc has announced plans to return to full production at its Indiana, US manufacturing plant following a five-week shutdown in response to the Covid-19 pandemic.
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NewsSureShade relocates production to Florida
Move to existing Taylor Made facility to allow greater vertical integration and production capacity
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NewsMarinas, boat yards and boat plants re-open in three US states
On Saturday the governors of three US states announced the reopening of marinas, boat yards and marine manufacturing businesses that have been shut down for weeks as part of lockdowns related to the ongoing Covid-19 pandemic On Saturday the US leisure boating industry received a serious boost ...
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NewsFarSounder enters Brazilian market
Navigational equipment manufacturer FarSounder Inc has entered the Brazilian market with the appointment of Ulstein Belga Marine as its newest dealer and the company’s first point of distribution in the country.
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NewsCanadian marina operator acquires four more properties
Canadian marina operator Maple Leaf Marinas has added four new properties near Toronto to its growing portfolio of premium boating facilities.
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NewsABYC updates USCG guide, solicits input for future standards updates
Standards updates applicable to all companies building boats for the US market
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NewsBoating BC announces 2020 grant recipients
A Canadian marine trade association has awarded more than $20,000 in grants and sponsorships to support a wide range of initiatives designed to boost recreational boating in the province of British Columbia.
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NewsYanmar establishes new marine company
In order to better to support the continued growth of its marine business, Osaka, Japan-based engine builder Yanmar has established a new company operating as Yanmar Marine International Asia (YMIA).
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NewsSome US boat dealers note sales uptick despite Covid-19
Interest rate cuts and low fuel prices said to drive interest in boating as a means of social distancing
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NewsCaframo maintains production through Covid-19 shutdowns
Canadian fan and heater manufacturer Caframo Ltd has instituted a range of modifications to its operations in response to the Covid-19 pandemic in order to remain in full production and able to continue supporting its customers in the weeks and months ahead.
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NewsYamaha temporarily suspends production at US subsidiaries
Yamaha Motor US announced today that the company will suspend production at six of its US manufacturing facilities in response to the increase in Covid-19 infections in the United States.
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NewsGarmin named IBBI supplier of the year
Garmin International Inc has been named supplier of the year by US-based purchasing cooperative Independent Boat Builders Inc (IBBI). This marks the second consecutive year that Garmin has been awarded the designation.
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