Brunswick to sell New Technologies unit
April 28, 2006
LAKE FOREST, Ill. – Brunswick Corp. intends to sell most of its Brunswick New Technologies business unit including its Navman, Northstar and MX Marine brands, the company reported in a press release yesterday. Brunswick said it would retain MotoTron, which designs and supplies sophisticated engine... Read more »
Yamaha Motor achieves record highs in sales, profits
April 28, 2006
Yamaha Motor Co. Ltd. has achieved quarterly record highs in net sales and profits it announced in a recent financial report. The company said that its net sales, operating income, recurring profit and net income on a consolidated basis for the first quarter of the fiscal year ending December 31, 2006... Read more »
BRP rebounds despite lower sales
April 28, 2006
VALCOURT, Quebec, Canada — Despite weathering a drop in sales, privately held Bombardier Recreational Products Inc. gained profitability in its year-ended January 31, 2006, rebounding on a favorable product mix and cost-cutting efforts. BRP said net income for its fourth quarter ended January 31,... Read more »
Sea Ray supply challenges to be short-lived?
April 28, 2006
LAKE FOREST, Ill. – The “supply challenges on entry-level Sea Ray boats” noted by RBC Capital Markets analyst Ed Aaron in a report yesterday is due primarily to two reasons, according to a Brunswick spokesperson. First, in recent years, Sea Ray has placed a renewed emphasis on the smaller boat... Read more »
Brunswick reports sales gains in boats and engines
April 28, 2006
LAKE FOREST, Ill. – Sales were up 10 percent for Brunswick’s Boat Group and 3 percent for its Marine Engine segment in the first quarter of 2006, the company reported yesterday. On a pro forma basis, the Boat segment reported sales for the first quarter of $751.0 million, up from $680.7 million... Read more »
West Marine registers $9.4 million loss
April 28, 2006
WATSONVILLE, Calif. – West Marine, Inc. (Nasdaq: WMAR) released its unaudited operating results for the first quarter of 2006, which showed a net loss of $9.4 million. The 13 weeks ended April 1, 2006, showed an increased loss of 70 percent from the $5.5 million loss of the same period a year ago. The... Read more »
Teleflex announces 17-percent increase in continuing operation income
April 28, 2006
LIMERICK, Pa. – Teleflex Incorporated (NYSE: TFX) reported first quarter revenues from continuing operations were $632.2 million, up 1 percent from $623.6 million in the first quarter of 2005. Also, during the period, which ended March 26, 2006, core growth of 4 percent was substantially offset by... Read more »
Marine Products hit by decrease in demand
April 28, 2006
ATLANTA – Boat builder Marine Products Corp.’s (NYSE: MPX) sales and profits took a hit during the first quarter due to a decline in demand that began during the third quarter of 2005, the company reported in a recent statement. “As we stated previously, we reduced our production in order to maintain... Read more »
SCMA set to resolve show date conflict in 2007
April 28, 2006
ORANGE, Calif. – In response to exhibitor requests, the Southern California Marine Association has negotiated a boat show date change with the Long Beach Convention Center starting in 2007, ending an on-going schedule conflict between the International Sail and Power Boat Show and the Annapolis Boat... Read more »
Flagship Marinas Acquisitions purchases Jamestown Resort & Marina
April 28, 2006
DALLAS – Flagship Marinas Acquisitions, LLC has purchased Jamestown Resort and Marina, the company said in a statement yesterday. Jamestown Resort and Marina is a 300-acre recreational area on Lake Cumberland, Ky. The marina has over 750 wet slips, a lodge, restaurant and log cabins. Jamestown also... Read more »
