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Formula Boats to introduce 350 CBR outboard at FLIBS


Formula Boats announced Wednesday it will introduce the new Formula 350 Crossover Bowrider outboard at the Fort Lauderdale International Boat Show. The manufacturer is also introducing its 430 SSC at the show. The 350 CBR was built to expand bow and cabin space. It comes with an aft-facing sun lounge and extended swim platform. “The unique Formula CBR design extends ...

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Cruisers Yachts to debut 54 Flybridge at FLIBS


Cruisers Yachts, a brand of KCS International, Inc., announced the 54 Flybridge which will be unveiled at the Fort Lauderdale International Boat Show, taking place Nov. 3-7. Following the 60 Flybridge, the new 54 Fly expands upon the Cruisers flybridge offering. “There has been a lot of enthusiasm surrounding our new flybridge models,” said Dan Zenz, vice president of sales ...

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Garmin reports Q3 revenue and EPS growth; raises guidance

Garmin Ltd. (Nasdaq: GRMN – News) announced Wednesday results for the third quarter ended Sep. 24, 2016. Highlights for the third quarter 2016 include: Total revenue of $722 million, growing 6 percent over the prior year, with fitness, outdoor, marine and aviation collectively growing 24 percent over the prior year quarter and contributing 70 percent of total revenue; Gross margin ...

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Sales up 17.7 percent for Chaparral, Robalo parent

Marine Products Corp., which owns Chapparal and Robalo, reported higher sales for the quarter on the strength of increased unit sales of its SunCoast deck boats, Robalo outboards and Vortex jet boats For the quarter ended September 30, 2016, Marine Products generated net sales of $55,361,000, a 17.7 percent increase, compared to $47,038,000 in the same period of the prior ...

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Higher revenue, lower income for Cabela’s in Q3 2016

Cabela’s Incorporated reported financial results for third quarter fiscal 2016 on Wednesday, accelerating the timing of its earnings press release so that it could provide financial information to certain third parties in connection with the pending acquisition of the company by Bass Pro Shops. For the quarter, total revenue increased 7.6 percent to $996.5 million; revenue from retail store sales ...

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West Marine revenue drops for Q3 2016

West Marine, Inc. Tuesday reported financial results for the third quarter ended October 1, 2016. The company reported net revenues of $191.9 million in the quarter, a decrease of 1.3 percent compared to the same period last year. Comparable store sales increased 0.2 percent year-over-year. Pre-tax income was $7.4 million, compared to pre-tax income of $8.6 million last year in ...

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Shortlist announced for IBI-METSTRADE Boat Builder Awards

The shortlisted nominations for the second Boat Builder Awards for Business Achievement in association with Raymarine have been announced, with 22 companies in the running to pick up an award. More than 100 entries across eight categories were nominated this year. Winners and honorable mentions will be announced at a gala dinner on the evening of Wednesday, November 16 at ...

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Newport International Boat Show reports attendance gains


Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced Tuesday that attendance increased by 10 percent for its 2016 show. “Every year we try to raise the bar in terms of the attendee experience and value for the exhibitors and sponsors, and this year was no exception,” said Nancy Piffard, show director, Newport Exhibition Group. “The ...

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ABYC announces standards week, annual conference for January

The American Boat & Yacht Council has announced its eighth annual Standards Week, Jan. 9-13, 2017. Project Technical Committee (PTC) meetings and ABYC’s annual meeting will take place at the Francis Marion Hotel in Charleston, South Carolina. Standards Week is a critical step in the development of ABYC standards. Participation in the process is encouraged from a diverse group, each ...

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