Garmin releases Q4 and year-end results

Garmin logo

Garmin has released their 2022 Q4 and fiscal year results. Revenue from the marine segment grew 7% in the fourth quarter primarily driven by the company's sonar and chartplotter products. Gross and operating margins were 54% and 20%, respectively, resulting in $43 million of operating income. During the quarter, Garmin announced that Garmin Navionics+ featuring a streamlined interface, combined coastal ...

Read More »

Regal Boats names new COO

Regal Boats recently announced the promotion of Paul Kuck to Chief Operating Officer (COO). Regal was founded in 1969 by Paul and Carol Kuck and has since established a reputation for crafting high-quality, luxurious boats. With a focus on innovation and customer satisfaction, Regal Boats has grown to become a leading player in the boating industry. "Paul is a devoted ...

Read More »

HARMAN partners with Barletta, Cobalt

HARMAN International Industries, a connected technologies company for automotive, consumer and enterprise markets, announced a new partnership with Barletta Boats. Harman Kardon Marine sound systems will be standard on the brand-new 2023 Barletta Reserve. “We’ve seen great success in our previous partnerships with boatbuilders, and we’re delighted to keep that trend going by putting our systems on the 2023 Reserve,” ...

Read More »

Beneteau releases 2022 fiscal results

Groupe Beneteau has released their 2022 financial results. The company closed out FY 2022 with revenues of 1,508 million euros, up 22.9% based on reported data (+19.4% at constant exchange rates). This performance factors in a favorable base effect for around 50 million euros linked to the 2021 cyberattack. This strong level of billing in the fourth quarter, combined with ...

Read More »

Brunswick ranks high on Forbes Best Large Employers list

Brunswick logo

Brunswick Corporation (NYSE: BC) has been named one of America’s Best Large Employers for 2023 by Forbes magazine. The company increased its position by 49 positions compared to 2022 ranking in the top 10% at 47th overall and second within the Manufacturing category. "Being named by Forbes as one of the top employers in America through direct feedback from our global ...

Read More »

Boston Whaler releases updated 350 and 380 Realm

Boston Whaler heads its 2023 Miami International Boat Show exhibit with an updated release of its 350 and 380 Realm, with new styling and performance. “It’s been an extraordinary year for Boston Whaler, and we are thrilled to kick-off the 2023 season at one of the industry’s most iconic events showcasing some of the latest advancements across our model lineup,” ...

Read More »

Cobalt debuts R35 Sterndrive

Cobalt Boats has announced the introduction of its new R35 Sterndrive luxury runabout. The boat is 35’ 4” LOA and has a 10’ 10” beam. It is powered by either Mercruiser or Volvo twin engines. New options for the R35 are an Auto Deploy Galley, with sink, microwave and electric grill; a Helm Watch display that offers passengers access to ...

Read More »

Kicking off and catching up at MIBS

This week, MIBS - one of the largest boat shows in the world - kicked off down in Miami, Fla. “The opening day of the 2023 Discover Boating Miami International Boat Show was an incredible success,” commented Andrew Doole, President of U.S. Boat Shows with Informa Market, in a recent press release. “Our team is looking forward to providing an ...

Read More »

Highfield Boats expands North American sales network

Highfield Boats electric RIB

To support continued growth, Highfield Boats announced the addition of new dealer partners in Maine and Wisconsin. Moose Landing Marina in Naples, Maine, operates the largest on-water facility in the Maine Lakes region. Encompassing 15 acres, it has access to Brandy Pond, Long and Sebago Lakes. Moose Landing Marina represents eight new boat brands, along with Honda, Mercury and Yamaha ...

Read More »

Patrick Industries reports record year

Patrick Industries

Patrick Industries, Inc. recently reported financial results for the fourth quarter and full year ended December 31, 2022. Net sales in the fourth quarter of 2022 decreased $196 million, or 17%, to $952 million from $1.1 billion in the fourth quarter of 2021. Wholesale unit shipments declined 47% in the RV industry, which represents 43% of our revenue in the ...

Read More »