Third-quarter net sales at Marine Products Corp. dipped about 10 percent to $37.9 million with gross profits seeing a 10 percent drop because of the sales decrease.
Chaparral Boats is back into outboards.
Fishery managers in the Gulf of Mexico region approved a contentious management plan for red snapper that recreational fishermen say will give charter captains the lion’s share of the catch allowance.
Marine accessories manufacturers have seen a 25 percent increase in NMMA dues that are helping fund Discover Boating, the industrywide initiative to increase awareness of and participation in boating.
Scout Boats is looking to increase capacity to build bigger boats, but the brand is still committed to producing the 17-footers the company built its reputation on.
Brunswick Corp. CEO Dustan E. McCoy stressed that the company is poised to grow both organically and through acquisitions during a conference call discussing third-quarter earnings Thursday.
The latest court case over labeling E15 was thrown out Tuesday because the industries bringing the complaint, including the recreational boating industry, can’t show people have been harmed as a result of the misfueling regulation.
Brunswick Corp. today reported third-quarter net sales of $932.1 million, up from $824.4 million a year earlier, with increases in both the engine and boat segments — albeit with a $7 million operating loss in the boat segment — causing the company to raise its full-year earnings guidance to $2.30 to $2.35 a share.
Isolated cases of Ebola in the United States and slow growth in Europe have caused investor concern, but U.S. manufacturing has shown resilience despite the fears, with output increasing 3.7 percent in the last 12 months — doubling from its 1.5 percent rate in January.
Red snapper is back on the table.