The unsurprising mantra from companies that issued quarterly earnings reports in April was “weather.” The winter that wouldn’t end depressed boat and gear sales throughout the January-March quarter, but many are optimistic that increasing customer demand will translate to delayed 2014 sales, at least in some segments.
That’s the message of economic clout the industry will impress upon South Florida leaders in June
The sterndrive fiberglass segment is still navigating choppy waters. Quarter after quarter, the industry speculates that the segment has hit bottom, only to see it trend downward again. Many blame the decline on innovations in outboards. Others point to emission regulations that have increased the cost of sterndrives. Both are legitimate theories.
It’s still early in the boat-buying season, but April numbers show signs that the bad-weather slump is largely behind the industry and sales are back on the upswing. April sales are typically the first that the industry reviews to take the overall selling season’s pulse. “We’re on a continued upswing,” Info-Link managing director Jack Ellis…more
The recent appointment of Mark Schwabero to the newly created post of president and COO of Brunswick Corp. is part of a long-term succession program that will allow CEO Dusty McCoy to retire in 2016.
The maker of Chaparral and Robalo boats has been looking to buy a complementary business, specifically eying pontoon builders, although the company has been outbid by private equity groups so far.
The House passed the bipartisan Water Resources and Reform Development Act, commonly known as WRRDA, this week.
The Larson Boat Group added nine new dealers since its last announcement in February.
Increasing sales demonstrated by numbers released by Statistical Surveys today show that there is pent-up demand in boat sales.
WASHINGTON — The Guy Harvey Ocean Foundation brought its message of ocean conservation balanced with enjoyment of water resources to Washington last week during the American Boating Congress.