Tag Archives: Financial Results

Garmin reports record Q4, full-year results

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Garmin Ltd. recently announced results for the fourth quarter and fiscal year ended December 26, 2020. Revenue from the marine segment grew 48% in the fourth quarter across multiple categories led by chartplotters. Gross margin and operating margin were 56% and 24%, respectively, resulting in 92% operating income growth. The full report can be found here. On the marine side, ...

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MasterCraft reports best Q2 in company history

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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 reports slight sales dip for Q2 2020

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Brunswick Corporation (NYSE: BC) today reported results for the second quarter of 2020. For the second quarter of 2020, Brunswick reported consolidated net sales of $987.8 million, down from $1,163.5 million in 2019. Diluted EPS for the quarter was $0.89 on a GAAP basis and $0.99 on an as adjusted basis. The boat segment, which manufactures and distributes recreational boats, ...

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Marine Products Corp. plant shutdown leads to decreases in Q2

Marine Products Corporation — manufacturer of Chaparral, Robalo and Vortex boats — announced its unaudited results for the quarter ended June 30, 2020.  For the quarter ended June 30, 2020, Marine Products generated net sales of $40,818,000, a 54.0% decrease compared to record net sales of $88,696,000 in the same period of the prior year.  The decrease in net sales was due to a 57.9% ...

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MarineMax reports third quarter results

MarineMax, Inc. announced results for its third quarter ended June 30, 2020. Revenue grew approximately 30% to $498.3 million for the quarter ended June 30, 2020, from $383.5 million for the comparable quarter last year. The increase was driven by same-store sales growth of 37% which was on top of a 3% increase in the comparable period last year. Net ...

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MarineMax reports Q2 results

MarineMax, Inc. announced results for its fiscal second quarter ended March 31, 2020. Revenue grew almost 2% to $308.5 million for the quarter ended March 31, 2020 from $303.6 million for the comparable quarter last year. Same-store sales for the quarter increased over 1% on top of a 12% during the same period last year. Income before taxes was $6.7 ...

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OneWater Marine reports Q1 2020 results

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OneWater Marine Inc. (NASDAQ: ONEW) announced results for its fiscal first quarter ended Dec. 31, 2019. “Following a successful initial public offering earlier this month, we are thrilled to report a strong start to our fiscal year 2020. Since its inception in 1987, OneWater has executed a strategy that blends organic growth and strategic acquisitions. We believe that this strategy, ...

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MarineMax reports Q1 FY2020 results

MarineMax, Inc. announced results for its first quarter ended Dec. 31, 2019. Revenue increased 26%, or over $62.2 million, to $304.2 for the quarter ended December 31, 2019 from $241.9 million in the comparable period last year. Same-store sales were up over 24%, in the quarter, supported almost entirely by similar growth in units sold. For the sixth consecutive year, ...

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Johnson Outdoors reports high sales, earnings for FY19

 Johnson Outdoors Inc. (Nasdaq:JOUT), announced higher revenue and earnings for the 2019 fiscal year ending Sep. 27, 2019. The company said continued favorable response to new products in fishing extended into the industry’s seasonally slow fourth quarter driving significantly higher sales and operating profit year-over-year during the quarter.    FISCAL 2019 HIGHLIGHTS : Sustained momentum in fishingImproved performance in campingEnhanced digital ...

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Malibu delivers ‘strong quarter’ for Q1 FY20

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Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the first quarter ended September 30, 2019. Highlights for the First Quarter of Fiscal Year 2020 Net sales increased 39.4% to $172.1 million compared to the first quarter of fiscal year 2019.Unit volume increased 13.9% to 1,727 boats compared to the first quarter of fiscal year 2019.Net sales per unit increased 22.3% to $99,641 ...

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