Tag Archives: Financials

Malibu reports slowing in Q3 results

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 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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OneWater reports increased revenue for Q2

OneWater logo

OneWater Marine Inc. announced results for its fiscal second quarter ended March 31, 2020. “Rising second quarter sales and a proven, adaptable business model contributed to a strong fiscal second quarter. Same-store sales through mid-March outpaced the prior year delivering approximately 10% growth year-over-year, but slowed significantly in the last two weeks of March as the COVID-19 pandemic spread across ...

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Garmin reports strong growth for Q1

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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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

OneWater logo

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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Garmin reports strong revenue, operating income growth

Garmin Ltd. announced results for the fourth quarter and fiscal year ended Dec. 28, 2019. “2019 was another exciting year of growth thanks to our strong lineup of products and unique innovations,” said Cliff Pemble, president and chief executive officer of Garmin Ltd. “We entered 2020 with a great lineup of recently introduced products with more on the way. We ...

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Malibu announces record quarter for Q2

Malibu Boats, Inc. announced its financial results for the second quarter ended Dec. 31, 2019. Highlights for the second quarter of fiscal year 2020 included a net sales increase of 8.6% to $180.1 million compared to the second quarter of fiscal year 2019. Unit volume increased 2.5% to 1,804 boats compared to the same period last year. Net sales per unit increased 6% to ...

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MasterCraft aims to ‘right-size’ dealer inventory

MasterCraft Boat Holdings, Inc. announced financial results for its fiscal 2020 second quarter ended Dec. 29, 2019. Net Sales for the second quarter were $99.6 million, a decrease of $21.9 million, or 18%, compared to $121.5 million for the prior-year period. The company said the decrease was primarily due to a reduction in unit sales volumes across each of reportable ...

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Brunswick reports Q4 and full-year 2019 financial results

Brunswick Corporation reported results for the fourth quarter and full-year of 2019. "Our 2019 performance demonstrated the strength and resilience of our marine-focused portfolio. We expanded gross and operating margins and delivered a tenth consecutive year of adjusted EPS growth, despite a weaker than anticipated marine market in the first half of the year," said Brunswick chief executive officer David ...

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