Brunswick Corporation recently reported results for the third quarter of 2023. For the third quarter of 2023, Brunswick reported consolidated net sales of $1,593.6 million, down from $1,698.2 million in the third quarter of 2022. The company said third quarter sales were below prior year with lower wholesale orders resulting from field inventory reaching normal levels and softer retail market ...
Read More »Tag Archives: Financial Results
Malibu Boats reports Q4 FY23 results
Malibu Boats, Inc. announced its financial results for the fourth quarter and fiscal year ended June 30, 2023. Net sales for the three months ended June 30, 2023 increased $19.1 million, or 5.4%, to $372.3 million, compared to the three months ended June 30, 2022, which the company indicated was driven primarily by increased unit volumes in its Saltwater Fishing segment and a ...
Read More »Brunswick Corp. reports strong Q2
Brunswick Corporation today reported results for the second quarter of 2023. “Our businesses executed a strong second quarter, benefiting from market share gains, well-received new products, solid operational performance and diligent cost control,” Brunswick CEO David Foulkes said. “The new boat market remains challenging, and year-to-date new boat sales remain below 2022, but there has been relative improvement in recent ...
Read More »MarineMax posts record Q3 revenue
MarineMax, Inc. announced results for its fiscal third quarter ended June 30, 2023. Revenue in the fiscal 2023 third quarter increased to a record $721.8 million from $688.5 million in the comparable period last year. The 4.8% top-line growth was driven primarily by the acquisition of IGY Marinas, which the company acquired in October 2022, increased manufacturing revenue and stronger ...
Read More »Vision Marine reports Q3 loss
Vision Marine Technologies Inc. – a Canadian-based manufacturer of electric boats and propulsion solutions – recently reported earnings results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported sales was CAD 1.3 million compared to CAD 2.01 million a year ago. Net loss was CAD 3.1 million compared to CAD 1.94 ...
Read More »Winnebago reports marine revenue increase in Q3
Winnebago Industries, Inc., an outdoor lifestyle product manufacturer, reported financial results for the Company’s Fiscal 2023 third quarter. Revenues for the Fiscal 2023 third quarter ended May 27, 2023, were $900.8 million, a decrease of 38.2% compared to $1.5 billion for the Fiscal 2022 period, driven by lower unit sales related to RV retail market conditions and higher discounts and allowances ...
Read More »RINA reports 21% revenue increase for 2022
The shareholders’ meeting of RINA, the multinational inspection, certification and engineering consultancy, approved the financial statement for the fiscal year ending 31 December 2022, showing net revenues of 664 million euros, up 21% compared to 2021. At the same time, net profits rose to 12.5 million euros, compared to 8.1 million euros in 2021. After accounting for the impact of ...
Read More »MarineMax reports seasonal normalization in 2023 Q2 results
MarineMax, Inc. recently announced results for its fiscal second quarter ended March 31, 2023. Revenue in the fiscal 2023 second quarter was down 7% to $570.3 million from record March quarter revenue of $610.1 million in the comparable period last year. The Company reported this result was primarily attributable to decreases in new and used boat revenue, resulting in 13% ...
Read More »Patrick Industries reports record year
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 »Mastercraft releases 2023 Q2 results
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) has announced financial results for its fiscal 2023 second quarter ended January 1, 2023. Highlights: Net sales, diluted adjusted earnings per share, and Adjusted EBITDA were all the highest for any second quarter in the Company’s history Ninth consecutive year-over-year record-setting quarter Record net sales for the second quarter increased to $159.2 million, up ...
Read More »