Marine Products comes 80K short of breaking even in Q1
April 30, 2010
ATLANTA – Marine Products Corporation posted a narrow net loss of $80,000 for its first quarter compared to a net loss of $2,486,000 in the prior year. The quarter ended March 31. In its quarterly report, the company said it generated net sales of $24,493,000, an 84.9 percent increase compared to... Read more »
Yamaha launches new incentive
April 30, 2010
KENNESAW, Ga. — Yamaha Marine Group has launched a new incentive that provides consumers their choice of either a credit benefit worth up to $2,000 based on MSRP in valuable goods and/or services from the dealership, or a 2-year Y.E.S. contract for each eligible new Yamaha four stroke outboard sold... Read more »
Losses continue to slow for all powerboat segments
April 30, 2010
MIAMI – As in the previous month, all boat segments tracked by Info-Link Technologies Inc.’s Bellwether Report were up in March, according to the company’s most recent report. Even with the gains, however, sales remain down compared to the prior 12 months. The graphs can be viewed at: http://www.info-link.com/bellwetherreport.asp. With... Read more »
Analyst: Improved engine sales key to Brunswick rebound
April 30, 2010
DENVER — Improved engine segment sales provided a big boost to Brunswick in the most recent quarter and gross margin was the primary lever of growth, according to RBC Capital Markets analyst Edward Aaron. In addition, he said Q1 was no fluke and significantly raised his estimates for this year and... Read more »
West Marine posts smaller year-over-year loss
April 30, 2010
WATSONVILLE, Calif. — In its first quarter of 2010, West Marine says it posted a pre-tax loss of $8.9 million, a $6.5 million improvement over a pre-tax loss of $15.4 million last year. “We are pleased to report these considerably improved results for the first quarter of 2010,” Geoff... Read more »
Sea Ray adds 21 new dealers
April 30, 2010
KNOXVILLE, Tenn. — The Sea Ray Group, which consists of the Sea Ray and Meridian Yacht brands, has added 21 new dealers, according to a release from the company. “With the addition of these distinguished dealerships, the Sea Ray Group continues to expand its heritage of credibility and reliability... Read more »
Earnings season shows losses narrowing significantly
April 30, 2010
Mike Davin, online editor, Boating Industry — Our most recent batch of news is full of quarterly reports from the marine industry, and it features a consistent story line: Companies are still losing money, but losses have narrowed considerably. What do I mean by considerably? Well, take a look a Brunswick,... Read more »
Empowerment Starts at the Bottom
April 30, 2010
By Christopher Kourtakis, director of sales and marketing, 360° Industry Solutions — Never let a customer out of your dealership mad or without a solution to their problem. There is nothing worse than hearing someone say, “There is nothing that I can do” or “I am sorry about your issue.” Empower... Read more »
Consolidation: Love it or hate it?
April 30, 2010
We live in a time of consolidation, as the news of Garmin’s bid to acquire Raymarine this week once again illustrates. Airlines, automakers and certainly media companies, among others, are combining forces like never before in hopes of increasing their returns in an uncertain economic future. The boating... Read more »
MarineMax reduces net loss in Q2
April 29, 2010
CLEARWATER, Fla. — MarineMax Inc. recorded a net loss of $6.3 million in its second quarter, improving on a net loss of $20.3 million for the comparable quarter last year, the company said in its quarterly report. The quarter ended March 31. Revenue dropped to $110.1 million from $129.6 million last... Read more »
