All articles by Tony Esposito – Page 102
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Garmin marine sales lead Q3 growth
Garmin reported third-quarter revenue increased 8% from the prior year at US$810m, with the marine segment leading the growth with a 28% increase in revenue over the same quarter last year.
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Florida marina fire causes US$1m in damages
The State Fire Marshal of Florida and US Coast Guard are investigating a blaze that destroyed two boats and heavily damaged two others at Venice Yacht Club, causing at least US$1m in damages.
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Victory Marine to build own trailer line
Victory Marine Holdings (VMH) is launching its own trailer line to be built in Miami, Florida. Excalibur Trailers USA, Corp., a wholly owned subsidiary of VMH is on schedule to begin manufacturing by year’s end in a 7,000sq ft leased facility.
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MarineMax posts strong Q4, fiscal 2018
MarineMax reported a 23% increase in fourth-quarter revenues to US$309m over the same period last year, and fiscal 2018 revenue up 12% to nearly US$1.2bn.
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AERÉ Marine Group expands into US Northeast
Docking accessories company AERÉ Marine Group is expanding its operations into the Northeast region of the United States and has named Kevin Murray as regional manager.
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NewsTwin Disc reports healthy fiscal Q1 sales, profits
Twin Disc, the Wisconsin-based manufacturer of marine and heavy-duty off-highway power transmission equipment, reported fiscal 2019 Q1 net sales increased 65.7% over the same period last year on sales of US$74.6m.
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NewsUS boating industry reports strong summer season
Total US powerboat shipments for July were up 8% year-to-date and new powerboat registrations were up nearly 4% in August on a rolling 12-month year-over-year basis, according to data released by the National Marine Manufacturers Association (NMMA).
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Mercury Marine names product integration engineering director
Rich Todhunter has been promoted to director of current product engineering and product integration engineering at Mercury Marine.
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Patrick Industries marine segment up triple-digits in Q3
Patrick Industries, the recreational vehicle and marine component manufacturer, has reported third-quarter sales up 41% at US$575m with net income up 57% at nearly US$28m. Marine sales for the quarter – representing about 14% of total sales – were up 137%.
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Carver Industries sold
Covercraft Industries has acquired Carver Industries in a move described by the company as “enhancing Covercraft’s world-leading pattern library” and expanding its assortment of custom-fit vehicle covers. Terms were not disclosed.
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Brunswick reports bullish Q3
Brunswick Corp released third-quarter results Tuesday on the heels of an announcement that chairman and CEO Mark Schwabero will be stepping down at the end of the year.
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MarineMax names VP of operations
Kyle Langbehn has been named national vice president of operations for MarineMax, having served in several positions of increasing responsibility since joining the company in 2002.
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Boat Fix expands to US with B2B branded service offer
Boat Fix, the telematic boat monitoring service in the UK for the past 28 years, is expanding to the US and seeking volume partners to rebrand and resell the service.
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Marine Products Corp Q3 sales up over 21%
Marine Products Corp (MPC), parent company of the Chaparral and Robalo boat brands, has reported third-quarter sales up 21.6% over the same period a year ago.
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NewsSchwabero to retire; Foulkes named new CEO
Mark Schwabero will be stepping down as chairman and chief executive officer
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Regulator Marine moves HR director to executive role
Rex Anderson has moved from director of human resources for Regulator Marine to executive vice president of strategic planning and development for the South Carolina-based builder of centre console offshore fishing boats.
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TYG opens new Ft Lauderdale showroom, appoints sales director
The Yacht Group (TYG), a US supplier of electronics, graphics and controllers to yacht-builders and owners, is opening a new Ft Lauderdale, Florida showroom this week to provide a “one-stop demonstration” space for its customers. The company has also named Anthony Nickel as sales director to lead the new location.
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Boats Incorporated sold to investor group
VR Mergers Acquisitions (VR) has announced the closing of its brokerage sale of Boats Incorporated to an investment group headed by Scott Leahy.
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Polaris Q3 up 12%
Polaris Industries reported third-quarter 2018 sales up 12% from last year at US$1.65bn, with its recently acquired boat companies adding US$134m to Q3 sales.
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Land ‘N’ Sea selected Nautic-On distributor for North America
Nautic-On, the onboard hardware kit that allows remote monitoring and diagnostics for boaters to stay in touch with their vessel’s key systems and share information with their service provider to resolve issues, has announced the selection of Land ‘N’ Sea as its North American distributor.
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