Yamaha Marine Group president Ben Speciale’s enthusiasm extends beyond boats and motors, though there is no shortage of it there. He will talk and talk about cutting-edge technology. But when discussing the political process, he is nothing short of exuberant.
Capacity of bigger Brunswick Corp. boat models has been constrained as the company is in ramp-up mode for its new large models, such as the Sea Ray 650.
MarineMax saw reduced margins in the June quarter because the company “largely didn’t have the new models to sell,” according to CFO Mike McLamb. However, the company was able to realize one of its best unit growth quarters since before the recession with encouraging gains in sterndrive sales.
FLIR Systems saw revenue decline 5 percent to $369.4 million and operating income drop to $59.4 million from $70.3 million in the second quarter.
Sales of Robalo’s larger sportfishing and bay boats increased in the second quarter despite encountering “a real struggle”in regions affected by bad weather this spring.
New preliminary data released Friday by Statistical Surveys confirm a Wells Fargo analyst’s assessment that a sluggish early start to 2014 in boat sales is now showing signs of an uptick.
Brunswick Corp. sold its retail bowling business, reaching an agreement Thursday with Bowlmor AMF for about $270 million of gross proceeds after Bowlmor made an unsolicited bid.
The House approved a short-term fix to the nearly depleted highway trust fund on Tuesday in a 367-55 vote and the measure will move to the Senate with barely two weeks before the Transportation Department could be forced to cut funding for highway projects around the country.
The National Marine Manufacturers Association announced it will cancel the Strictly Sail Long Beach boat show, which had been slated for Oct. 23-26.
Marine lenders say sales in June and early July were higher than expected, tracking upward between 7 and 9 percent and indicating pent-up demand in regions most affected by weather in the early part of 2014.