FLIBS attendance in question
October 28, 2005
FORT LAUDERDALE – While show producers continues to prepare for the postponed Fort Lauderdale International Boat Show, South Florida remains entrenched in clean-up mode after Hurricane Wilma caused an estimated $6–$9 billion in damage there last week. Originally scheduled to open this past week,... Read more »
Brunswick reports strong gains in sales, earnings
October 28, 2005
LAKE FOREST, Ill. – Two hurricanes and near-record high fuel prices weren’t enough to stop Brunswick Corp. from posting strong gains in sales and earnings for the third quarter ended Sept. 30, the company reported in a release this morning. Analysts at Bank of America said the “quality” of those... Read more »
Income and revenue jump for MarineMax
October 28, 2005
CLEARWATER, Fla. – Net income was up 27 percent, revenue increased 25 percent and same store sales rose 24 percent for recreational boat retailer MarineMax, Inc., in the fourth quarter ended Sept. 30, the company said in a release earlier this week. Revenue increased to $228.6 million from $183.3 million... Read more »
West Marine deeply disappointed by 3Q results
October 28, 2005
WATSONVILLE, Calif. – Peter Harris, the chief executive officer of boating supplies and accessories retailer West Marine, Inc., said his company was “deeply disappointed” in the results it posted during the third quarter ended Oct. 1. In a release earlier this week, West Marine reported net income... Read more »
Raw material prices hurt MPX’s bottom line
October 28, 2005
ATLANTA – While boat builder Marine Products Corp. (NYSE: MPX) sold fewer boats in the third quarter ended September 30 than the same period last year, it still managed an overall increase in net sales. The manufacturer of Chaparral and Robalo branded boats generated net sales of $65,032,000, a 3.0-percent... Read more »
Teleflex sees marine sales decline
October 28, 2005
LIMERICK, Pa. – While Teleflex Inc. (NYSE: TFX) reported “a solid balance sheet” for the third quarter, its marine sales took a beating, dragging down its Commercial Segment results. While Commercial Segment revenues posted a 1-percent increase during the quarter to $270.2 million from $267.6 million... Read more »
Fort Lauderdale show up in the air
October 25, 2005
FORT LAUDERDALE, Fla. – Despite the unexpectedly severe damage wreaked on South Florida by Hurricane Wilma, the Fort Lauderdale International Boat Show (FLIBS) may be going forward, opening on Saturday, Oct. 29, as announced late last week. Or it may not. Exhibitor Taylor Made Systems told Boating... Read more »
Volvo reports marine leisure sales growth
October 25, 2005
GOTEBORG, Sweden – Continued strong demand for Volvo Penta’s large marine engines has contributed to an increase in sales of 10 percent during the third quarter, its parent company reported in a recent statement. Leisure marine sales increased from SEK 1,271 during last year’s third quarter... Read more »
Deadline extended for hurricane-related marina repair grants program
October 25, 2005
TALLAHASSEE – The Florida Fish and Wildlife Conservation Commission (FWC) extended the deadline for marina operators to apply for aid to repair properties damaged during the 2004 hurricane season, it reported in a recent statement. The FWC will accept applications by mail through Nov. 15. Grants... Read more »
NMMA restructures communications department
October 25, 2005
CHICAGO – The National Marine Manufacturers Association has formally restructured its communications department in conjunction with the launch of the Grow Boating Initiative, NMMA reported in a release yesterday. NMMA’s former public relations manager, Ellen Hopkins, has been promoted to director... Read more »
