News

Mercury Marine unveils V12 600hp outboard

Mercury Marine, today introduced the new 7.6-liter V12 600hp Verado outboard engine. With this launch, Mercury continues to transform the high-horsepower outboard market, providing its most powerful and capable outboard, which includes several industry-first features for a wide variety of applications. Boating Industry was invited to an exclusive event for marine media early this week at Mercury's famous Lake X ...

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NMMA outlines Fiscal Year 2022 federal funding priorities

Last week, NMMA submitted its appropriations request for fiscal year 2022 (FY22) to Congress, as both chambers begin to develop their respective funding packages. While the appropriations process sets the spending levels at every agency in the federal government, it is an opportunity to improve initiatives and programs that are critically important to marine manufacturers, small businesses, and the entire recreational boating ...

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Navico appoints chief sustainability officer

Navico, parent company to the Lowrance, Simrad Yachting, B&G and C-MAP brands, announced the hiring of its first-ever chief sustainability officer this week as the company has made sustainability one of its core strategic pillars globally across its brands, products, operations and production. Tara Norton joins Navico as chief sustainability officer from French multinational Engie Impact, where she worked with its corporate and ...

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MasterCraft reports best Q2 in company history

MasterCraft logo

MasterCraft Boat Holdings, Inc. recently announced financial results for its fiscal 2021 second quarter ended January 3, 2021. Fred Brightbill, chief executive officer and chairman, commented, “MasterCraft once again delivered financial and operational performance that exceeded expectations, highlighted by our second consecutive quarter of record profits. This performance was a direct result of our team members’ consistent execution on our ...

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Brunswick ranked in Top 10 of Forbes America’s Best Large Employers

Brunswick Corporation has been named by Forbes to the 2021 list of America’s Best Large Employers. From the thousands of companies that were considered for this honor, only 500 made the final list. Brunswick is ranked No. 10 overall and number one in the Manufacturing category. “We are honored to be named to the list of America’s Best Large Employers,” said Brenna Preisser, ...

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Yamaha, B.A.S.S. sign multi-year sponsorship agreement

Yamaha and B.A.S.S. signed a new agreement that not only continues, but also expands Yamaha’s sponsorship of Bassmaster events through 2024. Yamaha’s support of B.A.S.S. underscores the company’s commitment to the growth of competitive and recreational fishing. “B.A.S.S. continues to elevate and grow competitive fishing. The organization is at the top of the game, and we’re confident in their abilities to take the ...

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MIASF announces details of annual waterway cleanup

The Marine Industries Association of South Florida (MIASF) recently announced the details of the 44th Annual Broward County Waterway Cleanup. Because participant safety is a top priority, some changes to this year’s event are being incorporated to minimize risk and ensure a healthy, enjoyable experience for all. Instead of the traditional one-day event, this year’s Waterway Cleanup will kick-off on March 6 and run ...

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LIQUI MOLY continues sponsorship of Pro Watercross

LIQUI MOLY remains the title sponsor of the LIQUI MOLY Pro Watercross National Tour and the LIQUI MOLY Pro Watercross World Championship. The oil and additive specialist is therefore expanding the publicity of the marine sector. "In this championship, the focus is not only on driving performance, but also on outstanding technical excellence. That's why we feel at home in ...

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Lauderdale Marine Center launches new app with Boatyard

Boatyard is moving the boating industry forward by making it easy for boat owners to connect with their preferred marinas, dealers, or marine pros with a couple of clicks on their mobile devices. The company recently announced a new partnership with Lauderdale Marine Center in Fort Lauderdale, FL to create the LMC Customer Experience app.  Lauderdale Marine Center in Fort Lauderdale, Florida, is ...

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Malibu Boats posts net sales and gross profit increases

Malibu Boats, Inc. announced its financial results for the second quarter ended December 31, 2020. Fiscal Second Quarter 2021 Highlights Compared to Fiscal Second Quarter 2020: Net sales increased 8.6% to $195.6 millionUnit volume declined 3.4%Gross profit increased 24.1% to $49.5 millionNet income increased 25.8% to $22.1 millionAdjusted EBITDA increased 27.5% to $39.1 millionAdjusted fully distributed net income per share increased 31.2% ...

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