Malibu Boats, LLC, and MasterCraft Boat Company, LLC, have settled the patent infringement cases brought by Malibu against MasterCraft, the companies announced late Tuesday. Under the terms of the settlement, MasterCraft will make a one-time payment to Malibu Boats and will enter into a license agreement for the payment of future royalties for boats sold by MasterCraft using the licensed technology. ...

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. NMMA: Powerboat registrations up 6.1 percent NMMA’s New Powerboat Registrations Report has been updated through February 2017, and advance data show new powerboat registrations were up 6.1 percent ...

From new boats to engines to accessories and more, hundreds of products are introduced and improved every year in the boating industry. Now in its fourth year, the Boating Industry Top Products awards recognizes innovative products for their creativity, impact on the industry and more. This year, we’ve selected 50 top products from hundreds of nominations. Companies could enter their own ...

NorthCoast Boat’s authorized dealer network is actively expanding as its welcomes aboard Monahan’s Marine Inc., in Weymouth, Mass.; Buras Marine, to cover the Annapolis, Md., market; and Willis Marine Center in Huntington, N.Y. “NorthCoast Boats designers and craftsmen deeply understand the importance of their work," said - Gregg Weatherby, director of sales and marketing. "Each of these new dealers aligns with ...

Brunswick Corp. on Thursday reported sales growth for the first quarter of 2017, with 14 percent growth in boat sales and a 6 percent sales increase in the engine segment. “Our first quarter revenues increased by 8 percent,” said Brunswick Chairman and CEO Mark Schwabero. “Our top line reflected strong growth rates in all three of our primary boat categories, ...

West Marine, Inc. Wednesday reported financial results for the first quarter ended April 1, 2017. First quarter 2017 net revenues were $129.1 million, a decrease of 1.0 percent compared to the same period last year. Comparable store sales were flat. Pre-tax loss was $12.1 million, compared to pre-tax loss of $15.2 million last year in the same period. Loss per ...

At the 2016 Marine Dealer Conference & Expo this past December, Erie, Huron and Ottawa Vocational Education (EHOVE) Adult Career Center was one of four schools that were awarded a $3,000 Technical Scholarship from the MRAA Educational Foundation. EHOVE recently announced that they have selected Jarrod Turnbull as the recipient of those scholarship funds. Jarrod currently works for South Shore ...

Marine Products Corp., the manufacturer of Chaparral and Robalo boats said sales, profits and income were all up for the first quarter of 2017. "Our first quarter 2017 financial results reflect the beginning of another strong retail selling season," said Richard A. Hubbell, Marine Products' president and CEO. "Our Robalo outboard sport fishing boats continued to sell well, especially the ...

The Recreational Boating & Fishing Foundation on Tuesday announced nine programs in seven states will receive funding through its State R3 Program Grants, now in its third year. The program funds sustainable and replicable angler and boater recruitment, retention and reactivation (R3) initiatives that focus on increasing fishing license sales and boat registrations to help achieve 60 million anglers in ...

The Outdoor Recreation Industry Roundtable met with senior officials from the U.S. Department of the Interior and U.S. Forest Service Monday, for the first of what’s expected to be a series of official meetings to address boating and outdoor recreation expansion and improvements. The ORIR includes several groups in the boating industry, including BoatUS, MRAA and NMMA. Outdoor recreation is ...