ORLANDO, Fla. — The marine industry is preaching to the choir.
Brunswick Corp. is “one of the most attractive risk/reward profiles” among the leisure companies covered by Wells Fargo analysts and testing is taking place now for sterndrives built in-house that are due out later this year.
John Giglio, 39, operates Freedom Boat Club, a membership organization that markets itself as an affordable alternative to boat ownership.
Grant Porter, of Formula Boats, knows the marine industry’s position on ethanol can be a tough sell for members of Congress in his corn-growing state of Indiana. But he believes he made progress with at least one senator when he said the industry is not opposed to ethanol use per se, but that blends higher…more
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.