Latest News about the USA – Page 168
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NewsKVH posts strong Q3 results
Gains in both product and mobile connectivity service sales drive “strongest Q3 in years”
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NewsMiami and eight other NMMA winter shows cancelled
America’s National Marine Manufacturers Association (NMMA) has announced altered plans for its roster of boat shows scheduled for the first three months of 2021, including cancellation of the bellweather Miami International Boat Show
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NewsGarmin record Q3 results buoyed by strong marine sales
Marine segment posts 54% YOY revenue growth, 152% increase in operating income
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NewsMarineMax posts record Q4 and year-end results
America’s mega boat and yacht retailer group, MarineMax, achieved the company’s highest ever revenue and earnings for the fourth quarter and year-ended September 30, making it one of the industry’s largest companies.
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NewsSurprise Q3 results for Marine Products Corporation
Marine Products Corporation, makers of Chaparral, Robolo and Vortex boats, surprised Wall Street with its third quarter results that saw a nearly 10.5% reduction in unit sales and a 4.8% drop in sales revenue reported at US$68.7m.
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NewsHubbell feels Covid pinch in 2020 Q3 results
Declines in net sales, gross profits and net profits point to continued uncertainty in the power market
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NewsBetter than forecast results for Groupe Beneteau
The multi-brand French boatbuilder said the company is benefiting from its global, multi-segment positioning against the adverse environment of Covid 19
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NewsStrong boat sales float Q3 earnings for Polaris
Boat division leads all other segments with 30% YOY sales jump to drive higher overall earnings, profits
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NewsCummins’ North American sales decline, international sales stable
Cummins Inc closed its third quarter with revenues down 11% to US$5.1bn from last year, led by an 18% drop in North American sales while international revenues were flat.
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NewsCaterpillar crawls through rough third quarter
Caterpillar Inc has announced third-quarter earnings that are down across the board, led by lower end-user demand. The Deerfield, Illinois-based Cat reports sales and revenue of US$9.9bn, a 23% decline from Q3 2019. Profit per share was down 54% at US$1.22, while operating profit margin dropped nearly 6 points to ...
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NewsSafety first as FLIBS prepares for Wednesday opening
With a preponderance of precautions in place, the 61st annual Fort Lauderdale International Boat Show (FLIBS) gets underway Wednesday, albeit on a smaller overall footprint and with less than half of the exhibitors who attended the 2019 event, all propagated by the Covid-19 global pandemic. The recently concluded Genoa Boat ...
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NewsBrunswick elects Reggie Fils-Aimé to Board
The former head of Nintendo of America has been elected to Brunswick Corp’s Board of Directors.
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NewsFrench builder of amphibious boats opens US office
Iguana, the French builder of amphibious sportsboats has opened an office in New York and has marked this with an order from the US Navy for two of their advanced amphibians. The contract with the US Navy marks a significant development for the newly established commercial/military side of the business, ...
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NewsIGY Marinas adds Miami facility to grow its portfolio to 19
The latest expansion of the global IGY Marinas portfolio has taken place in the US with the Miami-located Island Gardens Deep Harbour boosting the group’s network to 19 facilities in 11 countries serving over 2,000 superyachts annually.
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NewsUS outdoors industry can lead economic recovery
Senator Martin Heinrich tells Outdoor Recreation Caucus Hill Briefing that the time is right for a national outdoor recreation plan
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NewsNew leader for world’s largest boat group
Aine Denari succeeds Huw Bower as president of Brunswick Boat Group
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NewsOutdoor Network to manufacture OXE outboards in Georgia
The new facility will produce the complete line-up of OXE diesel outboard engines from 125hp through to 200hp. Currently manufactured in Sweden, but as reported by IBI in May this year, Outdoor Network (ODN) was successful in winning the contract for US production. At that time Tom D’Azevedo, chairman and ...
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NewsDerecktor’s Florida megayacht yard moves forward
Following an 11-month review, the US Army Corps of Engineers has signed off on Derecktor Shipyards’ plans for a 220ft x 50ft haul-out basin, which clears the way for the New York-based company to build a world-class, full-service repair and refit facility for megayachts in the Port of Ft Pierce, ...
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NewsWinnebago releases strong Q4 and FY 2020 results
Chris-Craft credits new model introductions for record Q4 sales and production backlog through spring 2021
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NewsScania extends Maritimo partnership to North America
Swedish engine manufacturer Scania today announced the expansion of its longstanding partnership with Maritimo to include boats built for the US and Canada.
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