Tag Archives: Financials

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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OneWater reports strong sales for Q1 2021

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OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) today announced results for its fiscal first quarter ended December 31, 2020.         “The OneWater team delivered outstanding results in the fiscal first quarter, in what is seasonally the lowest sales quarter of our fiscal year, which highlights the agility of our sales and marketing team and the power of our digital platform. ...

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MarineMax reports record Q1 results

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced results for its first quarter ended December 31, 2020. Revenue increased 35%, or over $107 million, to $411.5 million for the quarter ended December 31, 2020 from $304.2 million in the comparable period last year. Same-store sales grew over 20% in the quarter, driven by even ...

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Brunswick reports exceptional results for 2020

Brunswick Corporation (NYSE: BC) recently reported results for the fourth quarter and full-year of 2020. "Our businesses executed extremely well against our operating and strategic priorities in 2020, demonstrating the strength and resilience of our marine-focused portfolio," said Brunswick Chief Executive Officer David Foulkes. "Despite the many challenges faced in 2020, including the significant disruptions to our global operations during ...

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Marine Products Corporation reports Q4 results

Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter and year ended December 31, 2020.  Marine Products is a manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series.  Chaparral's outboard offerings include OSX Luxury Sportboats, the 267 SSX OB, SSi outboard models ...

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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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OneWater Marine Inc. reports 49% revenue increase for Q3

OneWater logo

OneWater Marine Inc. announced results for its fiscal third quarter ended June 30, 2020. Revenue for the fiscal third quarter 2020 was $408.3 million, an increase of 48.6% compared to $274.8 million in fiscal third quarter 2019, which the company said was primarily driven by an increase in unit sales of new and pre-owned boats and to a lesser degree, ...

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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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