All USA articles – Page 165
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News‘Phenomenal’ first quarter for Malibu
Growth in net sales, gross profit and net income point to strong start to 2021 FY for US fibreglass boatbuilder
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NewsMiami Beach voters sink marina redevelopment plan
Voters in Miami Beach have rejected the US$55m sale of air rights over the city-owned marina, effectively killing a multimillion-dollar redevelopment deal. Developer David Martin planned a 385ft luxury residential tower and rehab to the Miami Beach Marina including a US$22.5m 45,000sq ft marina facilities building, US$40m in capital improvements ...
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NewsFLIBS lessons learned from a proof of concept laboratory
The Fort Lauderdale International Boat Show (FLIBS), which closed its five-day run on Sunday, was not only a success by every outward measure – most notably, exhibitor sales – but can serve as a model for other industries, public events and governments as we navigate a world that sees no ...
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NewsFt Lauderdale 2020: is less more?
The 61st edition of the Fort Lauderdale International Boat Shows (FLIBS) was different in many ways from years past, but at least one industry veteran called it a tribute “to the fortitude of boaters.” Chuck Cashman, chief revenue officer for MarineMax, told IBI on Monday: “Trying to establish rapport with ...
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News2021 Miami Yacht Show postponed
Informa Markets, organisers of the Miami Yacht show and just-completed Ft. Lauderdale International Boat Show, has announced this afternoon cancellation of the event scheduled for February 2021; it says it will seek alternate dates for next year
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NewsWells Fargo Marine Group President on boat finance in the US - The 15-minute read
Not watched the video yet? Check out the edited transcript highlights of IBI’s recent interview with Bruce Van Wagoner on current trends in the North American leisure marine industry, inventory pipeline levels, forecasting in the age of Covid-19 and whether boat dealerships can become too big to fail.
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NewsLippert reports ‘exceptional’ Q3
US-based Lippert Components added its Q3 results to the recent stream of good sales and revenue reports coming out of the third quarter, generated by the unexpected surge in demand for outdoor products in 2020 – including boating.
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NewsFortress Anchors appoints new European sales rep
US-based anchor manufacturer, Fortress Marine Anchors, has appointed IMDS as its sole sales representative in Europe.
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NewsBrunswick ramping up production to meet off-season demand
Brunswick Corporation’s impressive double-digit growth during third-quarter landed CEO David Foulkes an appearance on financial network CNBC’s ‘Mad Money’ to close last week, where he told host Jim Kramer the boat and motor manufacturer is tolling up production at all of its plants.
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NewsBeneteau makes key US appointments
Groupe Beneteau today announced that Nick Harvey and Andy Lindsay are to take on new roles with the group’s US brands.
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NewsMiami cancellation surprises few, relieves many, disappoints an industry and begs new questions
The decision by the National Marine Manufacturer’s Association (NMMA) to cancel nine of its first-quarter boats shows, including the cornerstone and iconic Miami International Boat Show (MIBS), was met with a mixed reaction from the recreational boating industry. But one universal sentiment was expressed by Correct Craft president and CEO ...
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NewsBrunswick reports ‘outstanding’ Q3 and is bullish on 2021
The industry’s largest company said it outperformed the market in its third quarter ending September 30, achieving double-digit growth in sales and earnings. Historically-low boat inventory levels position the company exceptionally well for the remainder of the year and throughout 2021.
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NewsRV, marine drive Patrick Industries' strong Q3 growth
OEM component manufacturer Patrick Industries showed strong third-quarter growth that belies an otherwise off year due to Covid-related shutdowns of its facilities and the many industries it serves.
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NewsThird quarter brings mixed bag for Xylem
Xylem Inc released its third-quarter financial results on Thursday, reporting overall revenues of US$1.22bn for the period and marking a 6% year-over-year decline from the $1.29bn reported for the third quarter of 2019.
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NewsFLIBS opens to smaller crowds
The first day of the 61st annual Fort Lauderdale International Boat Show (FLIBS), unsurprisingly, saw smaller crowds, which were welcomed with a mandatory mask policy and other safety measures that included a limited crowd capacity at the show aimed at holding a large international event in the midst of a ...
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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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