Tag Archives: recreational boating industry

CNBC Special Report: Boating’s big boom

CNBS says boating boom will continue

"Even before the Covid-19 pandemic left many Americans stuck at home, boating was on the rise. The boom has been fueled in part by innovations that make boats easier to use, new models of drawing customers — such as boat clubs and subscriptions — and a push to attract a broader swath of the American population." That's from a recent ...

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What’s next?

Bill Yeargin Correct Craft CEO

By Bill Yeargin After three decades in the boating industry, it takes a lot for me to be surprised. Good times, bad times, and pretty much everything in between has happened, but the past 18 months have been unlike anything our industry has experienced. We shut down 90% of our industry’s manufacturing plants in the spring of 2020 while wrestling ...

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Entries open for IBEX Innovation Awards

IBEX 2021 Innovation Awards

New product entries for the 2021 IBEX Innovation Awards are being accepted now through August 13. This year's awards will be presented during the industry breakfast taking place on the opening morning of IBEX - Tuesday, September 28 - at the JW Marriott Tampa Water Street Hotel. Tickets are available for purchase during IBEX registration. All product entries can be ...

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Malibu Boats delivers best quarter in company history

Malibu posts record revenue

Malibu Boats, Inc. announced its financial results for the third quarter ended March 31, 2021. Fiscal Third Quarter 2021 Highlights Compared to Fiscal Third Quarter 2020: Net sales increased 49.8% to $273.2 millionUnit volume increased 36.6%Gross profit increased 57.1% to $72.0 millionNet income increased 47.2% to $35.1 millionAdjusted EBITDA increased 56.7% to $57.0 millionNet income available to Class A Common Stock per ...

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New boat sales still strong in 2021

Boat sales

The NMMA reports that retail unit sales of new powerboats in February 2021 were up 34% compared to the same time period last year, according to its New Powerboat Registrations Report. Data shows total new boat sales are averaging 31,000 units sold monthly since the summer of 2020, on a seasonally-adjusted basis, above normal levels and indicative of the heightened demand ...

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Infrastructure package proposal and the boating industry

Biden infrastructure package

The Biden administration announced this week the American Jobs Plan, a $2 trillion plan that proposes investment to create jobs, rebuild infrastructure, and position the United States to better compete with China. The framework outlines several programs supported by the recreational boating industry and NMMA says it is committed to securing the priorities in a final legislative package. “We are pleased ...

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Brunswick Corporation publishes 2020 Sustainability Report

Brunswick Sustainability Report

Brunswick Corporation today published its 2020 Sustainability Report, Our Stake in Tomorrow’s Tide, highlighting the Company’s progress toward its sustainability goals, including a continued commitment to advance its Environmental, Social, and Governance (ESG) strategies.  The report also reflects Brunswick’s dedication to sustainable manufacturing and contributing to the communities in which it operates. “Brunswick understands the impact our businesses and products have ...

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Wholesale boat shipments ease in November

wholesale boat shipments

The NMMA reports new boat manufacturing activity in November was up 3% year over year, and down 18% compared to October on a seasonally-adjusted basis, according to the November Monthly Shipment Report (MSR). While wholesale boat shipments slowed in November, this was primarily driven by a pullback in shipments in personal watercraft (PWC) following a summer of elevated growth. Other boat categories ...

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Alumacraft celebrates 75 years in business

Alumacraft celebrates 75 years in business

Alumacraft has been building boats and making history for the past 75 years. To mark their success, the company recently produced a number of short videos that tell the stories of some of the amazing individuals that are part of that history – from the brand’s humble beginnings, well into the future. Joe Amundson - Fishing - It's in My Blood, Teaser , Full ...

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Boating United 2020 advocacy accomplishments

Boating United is a community of boating businesses and supporters, working together to shape policies that affect boating, angling, and outdoor recreation. The organization stated in a press release, "We made our voices heard and had a seat at the table to advance critical issues of the year. Here are just some of our 2020 accomplishments thanks to your advocacy." ...

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