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News
State of Rhode Island considers new boating taxes
Proposal would remove the sales, property and use tax exemption on motorised boats
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Malibu “returns to growth” with FQ3 above expectations
US boatbuilder reports “pockets of strength” and a return of the Florida market
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Lippert Q1 revenues climb by 8%
Strength in resurging US RV market offsets continued softness in marine for US components manufacturer
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Twin Disc has solid FQ3, led by marine segments globally
Outlook for the balance of the fiscal year is positive
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MasterCraft 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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KVH 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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Global launch of the Azimut Grande 25 Metri announced in Brazil
The new model is in production and will be presented later this year
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Cummins Q1 revenues, profits dip
Engine builder withdraws 2025 earnings guidance as it navigates “increasingly challenging” business environment
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Will 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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Port Denarau Marina invests in superyacht infrastructure
New jetty extension and associated dredging scheduled for completion this year
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New 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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Day 2 of Balearic Superyacht Forum - superyacht refit sector in the spotlight
Accuracy of quotes, scope for standardisation, and recruiting and training enough people among issues addressed
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Johnson 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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Wichard to open new mast facility in western France
The new factory will produce masts under the group’s Sparcraft brand
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Auto tariffs may impact marine parts, Trump moves to prevent tariff stacking
The NMMA continues to monitor and analyse developments
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Littelfuse Q1 revenues up 3.5%
Growth driven by solid electronics segment demand recovery and robust growth in the industrial segment
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Lower 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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US consumer confidence sinks in April
Growing concerns over tariffs, overall economic outlook puts US consumer confidence at lowest level in five years
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OneWater sees modest FQ2 decline
Drop in new boat sales offset by US dealer chain’s other revenue streams