Manufacturers

Century Boats aquires Vanquish Boats

Vanquish Boats

Century Boats has announced the acquisition of Newport, Rhode Island-based Vanquish Boats, builder of premium center console, dual console, cuddy, and runabout dayboats. A company press release stated "this merger is an example of Century Boats’ continuing commitment to providing the best designs, highest quality, and essential features in an expanding model line for today’s boating lifestyles." The existing Vanquish ...

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Volvo Penta supplies PPE to healthcare workers

Volvo Penta is taking action in response to the prevalent need for Personal Protective Equipment (PPE). At two of its North American facilities, the company is producing and distributing this vital protective gear to healthcare workers in the local communities and beyond. The efforts are part of an ongoing initiative from Volvo Group North America which plans to supply thousands ...

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Malibu reports slowing in Q3 results

Malibu Boats logo

Malibu Boats, Inc. announced its financial results for the third quarter ended March 31, 2020. “The fiscal third quarter of 2020 was a tale of two environments. Through the greater part of the quarter, we delivered strong performance, as early boat show season momentum extended into March. However, retail strength shifted nearly overnight as the COVID-19 virus ravaged the U.S. late ...

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MasterCraft reports decreased sales for Q3

MasterCraft logo

MasterCraft Boat Holdings, Inc. announced financial results for its fiscal 2020 third quarter ended March 29, 2020. “With the onset of the COVID-19 pandemic, all of us have been forced to adapt to new challenges that have impacted our families, our work, and our day-to-day lives," MasterCraft CEO Fred Brightbill said. "I want to thank the MasterCraft team for their ...

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Propspeed partners with MJM Yachts

Propspeed, innovator of underwater coatings, announced that it has partnered with MJM Yachts. Under the terms of the agreement, Propspeed will be the standard foul-release coating for all MJM Yachts’ underwater running gear such as propellers, shafts, struts, rudders, trim tabs and through-hull fittings. “MJM has a hard-won reputation for selecting world-renown partners and incorporating only the finest components in ...

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Johnson Outdoors reports fiscal Q2 results

Johnson Outdoors logo

Johnson Outdoors Inc. reported lower sales and net income during the company’s 2020 second fiscal quarter ending March 27. Year-to-date revenue and net income compared favorably to the prior year fiscal six-month period. Following a temporary suspension of operations at some of the company’s locations, on April 22, 2020, the Company resumed production and shipments in its North American operations ...

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Boston Whaler creates online shopping resource

Boston Whaler

To help celebrate the boating lifestyle, Boston Whaler has created Roam From Home; online tips, tools and resources showing Whaler products and the lifestyle. The site features links to the entire Boston Whaler lineup,an exploration of different types of boats, 3D virtual tours and a build a Whaler tool.

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Marine CEOs give insight to COVID-19 impact

NMMA’s Q1 2020 Marine CEO Sentiment Report, a quarterly survey to assess the state and needs of U.S. marine manufacturing, is now available. As a direct result of the COVID-19 pandemic, a new section of the survey was added to capture specific feedback relating to business impacts – from supply chain disruptions to plant closures and labor separations. This feedback will ...

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Brunswick reports dip in Q1 sales

Brunswick Corporation recently reported results for the first quarter of 2020. "As we report our first quarter earnings, we must first recognize the immense impact that the COVID-19 pandemic has had on our employees, business partners, and the communities in which we operate," said Brunswick Chief Executive Officer David Foulkes. "Brunswick and our employees have responded in many ways, including ...

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Garmin reports strong growth for Q1

Garmin logo

Garmin Ltd. recently announced results for the first quarter ended March 28, 2020. Highlights for first quarter 2020 include a total revenue of $856 million, a 12% increase, with fitness, marine, outdoor and aviation collectively increasing 17% over the prior year quarter. Other highlights include: a gross margin of 59.2% compared to 59.0% in the prior year quarter, with operating ...

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