Weekly 5: New England Boat Show attendance down from record 2016

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. New England Boat Show attendance down from record 2016 A reported 46,461, people attended this year’s New England Boat Show, down 8 percent …
Boating Industry

West Marine reports 44 percent net income increase in Fiscal Year 2016

West Marine, Inc. (NASDAQ:WMAR) reported financial results for the fourth quarter and fiscal year ended Dec. 31, 2016 (“fiscal 2016”). Net income and earnings per diluted share were $ 6.5 million and $ 0.26, respectively, compared to net income and earnings per diluted share of $ 4.5 million and $ 0.18, respectively, last year, representing a 44.6 percent increase in net income. Net revenues for fiscal 2016 were $ 703.4 …
Boating Industry

Marine Marketers of America announce winners of 2016 Neptune Awards

Marine Marketers of America announced the winners of its 2016 Neptune Awards for Marine Marketing Excellence during the Miami International Boat Show Industry Breakfast on Friday. “Marine marketers gave us their best for this year’s highly competitive contest,” said Wanda Kenton Smith, president of MMA. “There was a wonderful variety of submissions and participating companies, …
Boating Industry

Cabela’s to release Q4 and full year fiscal 2016 results Feb. 16

Cabela’s Incorporated (NYSE:CAB) announced it is scheduled to release fourth quarter and full year 2016 financial results before the market opens on Thursday, Feb. 16. Cabela’s will not host a conference call with analysts and investors or provide guidance in connection with the results and does not plan to do so for future quarters while …
Boating Industry

Marine Products Corp. sets 2016 earnings call for January 25

Marine Products Corp. announced will release its financial results for the fourth quarter and year-ended December 31, 2016, on Wednesday, January 25, 2017 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company’s financial and operating results on Wednesday, January 25, 2017 at 8:00 …
Boating Industry

2016 Editor’s Choice: Buckeye Sports Center, Inc.

Buckeye Sports Center, Inc. Peninsula, Ohio This year’s Top 100 was incredibly strong and led to some very difficult decisions. For me, my editor’s choice was not one of them. Buckeye Sports Center had a great 2015. When we talk about improvement year over year, we want to see dealers make significant steps to enhance …
Boating Industry

2016 Editor’s Choice: Skier’s Marine

Skier’s Marine Westover, Ala. There’s no doubt that Skier’s Marine operates in an extremely competitive boat market. Among other boat dealerships, Skier’s competes with two of the top four ranked dealers in the 2016 Top 100 — Singleton Marine and Russell Marine. But Skier’s Marine holds its own. In 2015, the dealership was able to …
Boating Industry

Entries open for 2016 Neptune marine marketing awards

Marine Marketers of America is accepting entries now through Jan. 11, 2017, for the 2016 Neptune Awards, recognizing excellence in the marine marketing field. The annual competition is open to any company or organization producing and publishing marine industry marketing materials between Jan. 1 and Dec. 31, 2016, and the awards will be presented at …
Boating Industry