Florida dealer goes on acquisition spree
July 28, 2006
ST. PETERSBURG, Fla. – Passport Marine, Inc. has acquired Aventura-based Hi-Lift Dealerships, LLC and Hi-Lift Marina, LLP, it reported in a recent statement. The company is consolidating those businesses with St. Pete-based Passport Marine of Tampa Bay, LLC and www.BUYFORMULA.com, operating as Passport... Read more »
Analyst maintains MarineMax outperform rating
July 28, 2006
DENVER – RBC Capital Markets analyst Ed Aaron believes that boat retail chain MarineMax is being conservative in its earnings guidance for this year and 2007 – that is, if market conditions don’t worsen. For that reason, RBC is maintaining its outperform with above average risk rating of the company’s... Read more »
M Ship Co. files patent infringement suit
July 28, 2006
SAN DIEGO, Calif. – M Ship Co. has filed a patent infringement lawsuit against United Kingdom-based ICE Marine Ltd. in the U.S. District Court for the Southern District of Florida to enforce M Ship Co.’s patent rights covering its M-hull boat technology, M Ship said in a statement yesterday. The... Read more »
New ADA vessel guidelines draft released
July 28, 2006
WASHINGTON, D.C. – Policymakers have opted to exclude recreational boats and small passenger vessels from new passenger vessels guidelines in the Americans with Disabilities Act, the National Marine Manufacturers Association said in a press release yesterday. The new guidelines will instead apply to... Read more »
Ken Tucker joins Yamaha Marine Group
July 28, 2006
KENNESAW, Ga. – Ken Tucker, Athens, Mich., has joined Yamaha Marine Group as a district marketing manager, said John Rigsby, national sales manager in a statement yesterday. Tucker will be responsible for Yamaha Outboard sales in Michigan, northern Indiana and northeast Ohio. Before joining Yamaha,... Read more »
MarineMax to benefit from slowdown?
July 27, 2006
CLEARWATER, Fla. – Boat retailer MarineMax, Inc. (NYSE: HZO) is reporting record growth in revenue and income for its third quarter of fiscal 2006. But most of that growth is the result of newly opened stores or stores that have been newly acquired. Revenue grew 37.6 percent to $421.3 million for... Read more »
Brunswick working to rebalance pipeline
July 27, 2006
LAKE FOREST, Ill. — Industry giant Brunswick Corp. is planning production cuts to improve its inventory pipeline for the 2007 model year, which began July 1, the company reported in its second quarter earnings release today. This came as no surprise, however, as the company warned of its plans earlier... Read more »
MPX feeling the heat
July 27, 2006
ATLANTA – Boat builder Marine Products Corp.’s (NYSE: MPX) second quarter results don’t come as a big surprise, given the state of the industry. “The second quarter of 2006 continued the trend of lower retail demand that we first experienced late in the third quarter of 2005,” said Richard... Read more »
More boat builders become NMMA Certified
July 27, 2006
CHICAGO – Two more boat manufacturers recently became certified under the National Marine Manufacturers Association’s (NMMA) Boat/Yacht Certification program: Seminole Marine of Cairo, Ga. (builders of Sailfish Boats) and Stamas Yachts of Tarpon Springs, Fla., NMMA reported in a recent statement. While... Read more »
BoatRenting.com expands fleet
July 27, 2006
BROOKHAVEN, N.Y. – BoatRenting.com, a New York-based company with a website featuring online bookings of discounted short-term boat rentals, has added its first Canadian location and 10 more US locations to its rental fleet, it reported in a recent statement. Boat rental locations list their available... Read more »
