MarineMax executives were disappointed that they didn’t hit Wall Street’s targets, saying that selling off aging inventory and increasing marketing spending were among the reasons it missed analysts’ second-quarter earnings projections by $1.11 million — although the company still saw year-to-date sales up 34 percent from last year.
When Ann Baldree, vice president of Georgia-based Marine Products Corp., went to Capitol Hill for her first American Boating Congress four or five years ago, she invited one of her dealers in the D.C market to come along.
When boat dealers contemplate training, the time and expense commitment can quickly snowball in their minds. They have to get their staffs to appropriate venues for training — service to technical sessions, sales staff to different events and possibly another training ground for the managers.
It’s not every day you hear Brunswick CEO Dustan E. McCoy calling one of his engineering execs a “near genius.” So when we heard him refer to David Foulkes, vice president of Mercury Marine product development, engineering and racing, as such we decided we should call him to chat about some of the engine company’s…more
The Beneteau Group is reporting an 18.2 percent gain in boat sales for the first half of its fiscal year, up from about $230 million between September 2013 and February 2014 to $272.6 million in the same time period through February this year.
Cobalt Boats is suing Sea Ray Boats, alleging that the company has infringed on Cobalt’s patent for a submersible swim step. The complaint, filed in U.S. District Court for the Eastern District of Virginia, contends that Sea Ray’s “reckless” infringement of the patent has caused Cobalt to lose sales.
Businesses were so focused on survival after the recession that few have looked ahead to anticipate the next one. But Russo Marine is cutting its overhead by 40 percent by “right-sizing” the dealership, which means selling the flagship store in Medford, Mass., and moving into a smaller one — on a bigger piece of land —…more