Author Archives: swadmin

20 Group sampler presented at MRAA convention

OAK PARK, Ill. -- Spader Business Management and the Marine Retailers Association of America (MRAA) are presenting a "Model" 20 Group meeting on Wednesday, November 12 during the MRAA Convention, the association announced yesterday. The "Model" 20 Group will be held at the Stardust Hotel & Casino and is open to all convention attendees. The session will run from 11:00 ...

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MarineMax boasts record fourth quarter earnings

CLEARWATER, Fla. – Boat and accessories retailer MarineMax, Inc. (NYSE: HZO) experienced record earnings for the fourth quarter and fiscal year ended September 30, according to a statement from the company today. MarineMax saw an 18-percent increase in same-store sales and a 20-percent increase in revenue to $163.3 million, compared to $135.7 million for the comparable quarter last year. The ...

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Volvo Penta growing its U.S. inboard market share

GOTEBORG, Sweden – Volvo Penta’s marine leisure sales were up in the third quarter and increased demand for the company’s marine diesel engines in the United States resulted in strengthened market shares in the inboard segment, the company reported in a recent statement. Volvo Penta’s marine leisure sales were SEK 1,095 million in the third quarter, compared to SEK 1,074 ...

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Orbital foresees outboard engine market rebound

PERTH, Australia – Orbital Engine Corp., which licenses its direct injection technology to several marine industry manufacturers, observed during its annual general meeting today that the outboard engine market "seems to reflect the well being of the general economy." "… there are some positive signs emerging this year with recovery in U.S. volumes, although they have not returned to their ...

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Westerbeke rejects latest VDDA offer

TAUNTON, Mass. – Westerbeke Corp., which designs, manufactures and sells diesel gasoline marine engines and other products, has rejected yet another purchase offer from Valley Detroit Diesel Allison (VDDA), the company reported in Form 8-K, filed with the U.S. Securities and Exchange Commission yesterday. On September 26, the special committee of the board of directors of Westerbeke Corp. received from ...

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ITT marine sales up 6 percent

WHITE PLAINS, N.Y. -- ITT Industries, Inc. (NYSE: ITT), a supplier of advanced technology products and services, reported today that its Leisure Marine business, part of its Motion & Flow Control division, had a 6-percent revenue increase for the third quarter, with more than 30 percent of revenues coming from new products, according to the company. Third quarter revenues for ...

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Technicon and NSE form an alliance

CONCORD, N.C – Technicon Industries, Inc., and Noise Control Engineering, Inc. (NCE), of Billerica, Mass., have formed a marketing alliance in which Technicon will offer NCE’s consulting services, Technicon reported in a statement yesterday. The alliance was announced recently by Tyler Keeley, president of Technicon, and Michael Bahtiarian, vice president at NCE. "This alliance allows Technicon to offer first-rate acoustic ...

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AOC discontinuing Italy-based facility

COLLIERVILLE, Tenn. – Resin manufacturer AOC LLC is discontinuing operations at its Garbagnate, Italy-based facility, the U.S. firm reported in a statement yesterday. The current European recession has created significant over-capacity in the unsaturated polyester resin market, according to the company. Volatile raw material costs, associated with world petrochemical price instability, contributed to the decision, AOC stated. "Unusual and unexpected ...

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Sea Ray offers “Tax-free Zone” promotion

KNOXVILLE, Tenn. – Through Sea Ray’s ‘Tax-Free Zone" promotion, the boat builder is offering savings of up to $75,000 on eligible Sea Ray Yachts and Sport Yachts acquired from Thursday, October 30 through November 3 at the Fort Lauderdale International Boat Show, the company reported today. "We’re delighted to offer the Tax-free Zone promotion, which enhances purchasing power to the ...

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JBM & Associates to produce St. Augustine boat show

CHARLESTON, S.C. -- JBM & Associates, LLC, has contracted with the newly formed Marine Industry Association of Northeast Florida (MIANEF) to produce the St. Augustine Boat Show, the company reported in a statement today. The show will take place March 26-28 at the Municipal Marina, and surrounding Special Events Field and St. Francis Field, according to the company. The event ...

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