The National Marine Manufacturers Association is selling the Los Angeles Boat Show and the San Diego International Boat Show to the Duncan McIntosh Company and says it won’t produce a San Francisco show in 2017.
MasterCraft went public last July and a financial analyst says the company is the most attractive of the 13 companies he covers in leisure space, including Brunswick, Malibu and MarineMax.
As the U.S. dollar has continued to strengthen, Canada’s dollar has been subject to dramatic fluctuations. That has created hesitancy among Canadian consumers and is a problem for dealers, who have been forced to hedge to attempt to offset the spikes and dips.
When boot Düsseldorf closed Jan. 31, the water sports festival billed as the world’s largest had attracted nearly a quarter of a million visitors, organizers say.
The United States is continuing to see an increase in boatbuilders from abroad who want to bring their brands here, and although it’s not a new phenomenon it is one that continues to gain traction in light of the strong dollar and relatively robust North American boating market.
“I think I may have a statistic here.” That’s something you might hear when you talk to Jack Ellis, founder and managing director of Miami-based Info-Link Technologies, a company that tracks marine industry sales trends and boat registrations. His passion for numbers and data seems trumped only by his love of boating and his family.
West Marine continued its trajectory of growth in the fourth quarter and for fiscal 2015 and said it anticipates a pretax profit increase of more than 50 percent in 2016.
People in the marine industry have been hearing anecdotally that there is a shortage of skilled workers, but to date there has been no data to make the case.
Nobody can sell a Gunboat like founder Peter Johnstone.
Californians are reveling in the effects of El Niño, which has brought rain to the parched, drought-stricken state, but no group is happier than boat dealers, who have faced hardship after hardship since the housing bubble burst in 2008.