Brunswick reports 8.4 percent sales growth for quarter

This story will be updated after the Brunswick earnings call Thursday morning. Brunswick Corp. on Thursday reported sales growth for the first quarter of 2017, with 14 percent growth in boat sales leading the way. “Our first quarter revenues increased by 8 percent,” said Brunswick Chairman and CEO Mark Schwabero. “Our top line reflected strong …
Boating Industry

Weekly 5: Outboard engine shipments up 6 percent through February

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. Outboard engine shipments up 6 percent through February U.S. outboard engine wholesale shipments grew by 6.1 percent for the twelve months through February …
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

Boat dealer same-store sales down 10.1 percent in December

Boat dealers closed out 2016 on a negative note, with same-store sales dropping in December. It was the first year-over-year drop in same-store sales for dealers since June 2016, down 10.1 percent from 2015. That’s according to the latest report from CDK Global Recreation, which is based on data from users of the company’s Lightspeed …
Boating Industry

Correct Craft increases revenue 47 percent, best year in company history

On Tuesday, Correct Craft announced that the 2016 model year was the best year in the company’s ninety-one year history. Correct Craft’s growth strategy, which is a combination of internal optimization and targeted acquisitions, resulted in significant growth for the model year ended June 30, 2016 as revenues increased 47 percent and net income increased …
Boating Industry

MyTaskit Coordination Module sales rise more than 60 percent in 2016

MyTaskit, a web-based software platform for connecting service professionals to their technicians, subcontractors and customers, announced that the number of users using the Coordination module of MyTaskit Pro grew by 63 percent in the second quarter of 2016.  Overall, the Coordination user base grew triple digits in the first half of 2016 from December 2015. New …
Boating Industry

Sales up 9.4 percent at Chaparral, Robalo parent

Marine Products Corporation, which manufactures Chaparral and Robalo boats, announced its unaudited results for the quarter ended June 30, 2016. For the quarter, Marine Products generated net sales of $ 65,066,000, a 9.4 percent increase, compared to $ 59,498,000 in the same period of the prior year. The increase in net sales was due to a 10.9 …
Boating Industry

Sea-Doo Spark sales grew 35 percent in 2015

Sales of the Sea-Doo Spark continued to skyrocket in 2015, according to a research note provided to Powersports Business by BMO Capital Markets analyst Gerrick Johnson. In fact, the PWC displays “were among the most crowded of all displays at the New York Boat show. This was particularly true of BRP’s Sea-Doo display,” Johnson reports. […]
Boating Industry

Misty Harbor sales up 32 percent year-over-year

FORT DODGE, IA – Misty Harbor reported fall sales are up 32 percent over the previous year. The Iowa-based pontoon manufacturer has expanded into new markets while maintaining its dealer network. “We’ve redeveloped a large swath of our available boat models, designed new decks per our dealer network and are energized by dealers who continue […]
Boating Industry