All articles by Subscriber-only – Page 22
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Nimbus: 2024, the year in focus
A year of restructuring and a rights issue in response to a weaker market
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Patrick Q4 revenues up 8%, full-year revenues up 7%
Higher housing segment sales offset continuing softness in marine sector
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MasterCraft Q2 sales ‘above expectations’
US boatbuilder buoyed by early 2025 boat show results driven by new product launches, despite lower YoY numbers
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Polish electric yacht brand to build new shipyard
Mazurine Yachts secures permission to produce the Joysailor brand in the Warmia-Masuria special economic zone
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Twin Disc up 23% in FQ2
Veth products continued to expand to record levels in response to strong demand and new orders within the North American market
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Boston Boatworks files for bankruptcy
US boatbuilder seeks Chapter 11 creditor protection in effort to reorganise business operations
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Record year for Xylem
Rule, Jabsco and Flojet parent posts record full year revenues on strong Q4 for positive momentum carrying into 2025
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SA government doubles down on Starlink licence requirements
The satellite service must comply with South Africa’s BEE legislation if it wishes to enter the South African market
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French firm to boost marine textile output with new production line
The company is looking to ramp up output for industry players
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Brunswick’s take on tariffs and US business prospects
Company allows $30m-$40m in incremental tariff costs if levied
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With bated breath, Europe waits for US tariffs to land
The EU has cautioned President Trump that it will “respond firmly” if the American sanctions are “targeted unfairly or arbitrarily”
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Lower Q4 revenues offset by higher profits for Hubbell
US electrical equipment manufacturer posts higher 2024 revenues, earnings on strong Q4 performance
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Cummins Q4 revenues dip 1%, full year revenues flat
US engine builder records strong sales in ‘transformative’ year
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Brazilian builder appoints Italian exec as president
Davide Breviglieri to lead Okean Group as part of group’s internationalisation efforts
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Losses continue for Johnson Outdoors
Revenues down 22%, US$15m net loss reported in “disappointing” first quarter
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Trump trade war begins
Manufacturers brace for impact as US president imposes 25% tariff on all goods from Canada and Mexico, in addition to new 10% levy on all goods from China
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Suzuki grows market share in South Africa amid sales growth
The SA firm says it has a 53.9% share of the country’s four-stroke engine segment
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New owners found for Nobiskrug and FSG shipyards
The investors will take on the facilities following insolvency proceedings
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Caterpillar reports record full-year profits per share in 2024 despite revenue declines
Higher marine revenues in Q4 offset lower locomotive sales in Energy and Transportation segment