All articles by Craig Ritchie – Page 94
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NewsTaiga Motors appoints new CFO
Eric Bussières to succeed Mark Orsmond as head of finance at electric personal watercraft manufacturer effective November 15
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InterviewMission Critical Electronics | Kevin Moschetti
Kevin Moschetti, CEO of Mission Critical Electronics Since little equipment on a boat will operate without power, enabling a steady supply of clean, stable current is foundational to modern boat design and critical to the functionality of onboard equipment. As the head of a company that drives ...
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InterviewWells Fargo Marine Group | Chad Lyon
Named commercial leader for Wells Fargo Distribution Finance Marine and RV group in May, Chad Lyon takes the reigns as head of the US bank’s significant leisure boating business following the retirement of Bruce Van Wagoner in April. IBI’s Craig Ritchie speaks with Lyon, coming into the leisure boat industry ...
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NewsEuropean manufacturers face prospect of aluminium shortages, price hikes
Cuts to magnesium production in China threaten aluminium supply, represent ‘imminent risk of Europe-wide production shutdowns’ say industry associations
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NewsMyers Industries reports 51% jump in Q3 revenue
Plastic tank manufacturer posts higher sales, gross profits in strong third quarter
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NewsQ3 revenues, profits up for KVH
Increased service offering revenues offset higher production costs on hardware associated with supply constraints
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NewsCummins Q3 revenues up 17% to US$6bn
Engine segment revenues of near $2.6bn mark 22% YOY gain, but continuing supply constraints lead engine builder to adjust full-year guidance
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NewsUS ports to begin fining shippers for container delays
California container ports accelerate ship unloading, but now running out of room as offloaded containers awaiting trucks clog the docks
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News2021 overseas shipping rates up over 90%
Norwegian firm documents 91.5% YOY increase in overseas freight costs in newly-released logistics report
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NewsMarine sales help boost Patrick Q3 revenues by 51% to US$1.1bn
Marine segment revenues increase 85% YOY on strong organic and acquisitive growth
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NewsCanadian tech firm to enter coatings segment with new fuel-saving bottom paint
C$2.4m Transport Canada research study verified by Lloyd’s Register finds graphene-based bottom paint to deliver fuel economy savings of up to 20%
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NewsGarmin: record Q3 revenues top $1.19bn
Marine segment sales up 25% to $207.5m, earning $54m in operating income
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NewsMarine Products Corp Q3 sales up 10%
Sales gains offset by supply headwinds to yield flat operating profit, net income for US boatbuilder
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NewsRecord Q4, full-year results for MarineMax
World’s largest boat dealer reports 16% Q4 revenue gain, record gross margin, record FY revenues and EPS that exceeds guidance
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NewsPolaris boat sales grow 18% in Q3
Net sales flat but supply constraints impact overall profitability for US boat, powersports equipment builder; FY guidance adjusted down to 16% YOY gain
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NewsVic Porter of Formula Boats dead at 90
Formula Boats Chairman Emeritus Victor Porter lauded as a leader in performance luxury yacht segment
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FeatureUS Equipment | Connectivity
Technological innovation is bringing high-grade mobile connectivity to ever-smaller boats
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News2021 Discover Boating and Take Me Fishing campaign earns three billion media impressions
Get On Board campaign drives record traffic to Discover Boating website and 2.2 million direct referrals to boatbuilders
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NewsWinnebago reports record US$1bn Q4, $3.6bn FY revenues
Strong continuing demand for boats and RVs propels US builder to best-ever financial results
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