Manufacturers

Polaris names CEO, CFO

Polaris Inc. (NYSE: PII) announced that Michael Speetzen has been named chief executive officer and appointed to the Company's Board of Directors and that Bob Mack has been named executive vice president and chief financial officer. Speetzen and Mack have been serving as interim CEO and interim CFO, respectively, since January. “Mike is a proven and highly respected leader within Polaris ...

Read More »

MarineMax acquires Cruisers Yachts

MarineMax, Inc. announced the acquisition of KCS International, Inc., better known as Cruisers Yachts, headquartered in Oconto, Wis. Cruisers Yachts (Cruisers) is recognized as a premier manufacturer of premium yachts, producing models from 33- to 60-feet. Cruisers, due to demand, recently announced the expansion of their production capacity by purchasing a 216,000 square foot, purpose-built boat manufacturing plant in Pulaski, ...

Read More »

Lippert reports record Q1 results

Lippert logo

LCI Industries (NYSE: LCII) which, through its wholly-owned subsidiary, Lippert Components, Inc. ("Lippert"), supplies a broad array of highly engineered components for the leading original equipment manufacturers in the recreation and transportation product markets, and the related aftermarkets of those industries, recently reported first quarter 2021 results. “We achieved a record $1 billion in revenue during the first quarter 2021, ...

Read More »

Rollick’s Aimbase hits OEM milestone

Rollick Inc., a marketing and customer experience technology provider in RV, Marine, and Powersports, announced that 100 OEM brands and thousands of U.S. dealers now use its Aimbase marketing technology. In April, the company signed Jayco and its Entegra Coach, Starcraft RV, and Highland Ridge RV brands, pushing the number of Aimbase OEM customers to 100. Rollick’s customers are responsible for nearly 50% of all RV unit sales ...

Read More »

Malibu Boats delivers best quarter in company history

Malibu posts record revenue

Malibu Boats, Inc. announced its financial results for the third quarter ended March 31, 2021. Fiscal Third Quarter 2021 Highlights Compared to Fiscal Third Quarter 2020: Net sales increased 49.8% to $273.2 millionUnit volume increased 36.6%Gross profit increased 57.1% to $72.0 millionNet income increased 47.2% to $35.1 millionAdjusted EBITDA increased 56.7% to $57.0 millionNet income available to Class A Common Stock per ...

Read More »

Watershed Innovation adds support for hydrogen fuel cell

Watershed Innovations

Watershed Innovation, Correct Craft’s innovation company, added its support to Zero Emission Industries’ (ZEI) project to build a hydrogen fuel cell-powered boat. The boat’s scalable powertrain can be integrated into a variety of use cases including, but not limited to, the recreational market. Zero Emission Industries, a world-renowned expert in applying hydrogen fuel cell technology to marine applications, received a ...

Read More »

Bentley Pontoons gets creative in search for welders and skilled workers

Bentley Pontoons job fair

Like nearly everyone else, South Carolina-based Bentley Pontoons has struggled to find enough skilled workers to keep up with production demands, particularly welders. So plant manager Dave Hagen decided to partner with a local welding school, Arclabs, where they hosted a job fair and began recruiting. “Attracting welders is very difficult in today’s economy," said Hagen. "Unemployment remains relatively low, ...

Read More »

Envision acquires Premier Marine

Premier Pontoons logo

Envision Company of Elk River, MN, announced today the acquisition of Premier Marine, a pontoon manufacturer based in Wyoming, MN. A company press release said the move represents the next chapter in an already successful manufacturing legacy established by Envision Company owner, Chris Carlson. Carlson has an extensive 25-plus year track-record of driving growth in manufacturing businesses, grounded in a ...

Read More »

Brunswick reports continued record results for Q1

Brunswick

Brunswick Corporation reported results for the first quarter of 2021. "Our businesses had a fantastic start to 2021, with a very healthy marine market, strong boating participation, and outstanding operating performance driving historic financial results," said Brunswick Chief Executive Officer David Foulkes. "Robust retail demand for our products continues to drive low field inventory levels, with increased production across all ...

Read More »

Hurricane announces facility expansion

Hurricane

Hurricane deck-boats announced that it has started production in a new facility in Syracuse, Ind. The facility will be used to increase the production capacities of the Hurricane deck-boat lineup. The property includes a 120,000 square foot production plant, as well as 20,000 square feet of shipping and warehousing space. The expansion to this facility, already owned by parent company ...

Read More »