A new report into the UK leisure boat industry has revealed the extent of the post-Covid bounce back… The UK boating industry is prospering in both domestic and international markets British Marine’s Key Performance Indicators Report for 2021/2022 show that total industry revenue grew by 25% during the year to £4.23 billion, 6.5% above its […]
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Garmin Ltd. (NYSE: GRMN), has announced results for the first quarter ended April 1, 2023. Highlights for first quarter 2023 include: Consolidated revenue of $1.15 billion, a 2% decrease compared to the prior year quarter Gross margin increased to 56.9%, and operating margin was 17.2% Operating income was $197 million, a 14% decrease compared to […]
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May 3, 2023Weekly Market OutlookBy Donn Goodman and Keith Schneider There are a lot of data points grabbing the media headlines this week. However, there are several trends that are likely to persist and be important to the stock market’s direction immediately and after this week’s news. The Fed’s commentary after its rate decision, […]
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Brunswick Corporation (NYSE: BC) has reported results for the first quarter of 2023. “Our businesses had a strong start to the year, as continued operational strength, benefits from outstanding new products, and prudent cost management in a challenging macro-economic environment resulted in sales, margin, and EPS performance that exceeded expectations for the quarter,” said Brunswick […]
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Marine Products Corporation (NYSE: MPX) has announced its unaudited results for the quarter ended March 31, 2023. Marine Products is a manufacturer of fiberglass boats under the brand names of Chaparral and Robalo. Chaparral’s sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral’s outboard offerings include OSX Luxury Sportboats and SSi […]
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OneWater Marine Inc. has announced results for its fiscal first quarter ended December 31, 2022. “Our first quarter results came in largely as we anticipated as the industry experienced a return to more normalized seasonality, with revenue growing high-single digits, on top of a 57% increase in the prior year. Notably, our high margin service, […]
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MarineMax, Inc. (NYSE: HZO) has announced results for its first quarter ended December 31, 2022. Revenue increased 7% to $507.9 million for the quarter ended December 31, 2022, from $472.7 million in the comparable period last year. The growth was primarily driven by contributions from strategic acquisitions, including IGY Marinas which closed in October 2022. […]
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Norwegian marine tech startup Orca is releasing Orca Display 2. The new display solves the biggest problem boaters face onboard: It is extremely bright and easily legible in direct sunlight, it handles very high temperatures, and is incredibly fast – offering more than 60% better performance than the previous generation display. A new benchmark for […]
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Winnebago Industries, Inc. recently reported financial results for the Company’s Fiscal 2023 first quarter. Revenues for the Fiscal 2023 first quarter ended November 26, 2022, were $952.2 million, a decrease of 17.6% compared to $1.2 billion for the Fiscal 2022 period, driven by unit volume decreases versus record year-ago comparisons, partially offset by Marine segment […]
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MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced financial results for its fiscal 2023 first quarter ended October 2, 2022. Highlights: Eighth consecutive period-over-period record-setting quarter for both net sales and earnings Record net sales for the first quarter increased to $169.5 million, up 29.7% from the prior-year period Record net income from continuing operations was $24.6 million, or $1.37 per diluted […]
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