Earnings and Analysts

Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.

Analyst sees increased boat sales in second quarter

Barring a “major external shock,” U.S. consumers will remain much more resilient than expected despite new sales data that showed April boat sales were roughly flat, compared with the same month in the prior year.

West Marine reports 1Q results

West Marine Inc. reported first-quarter net revenue of $130.4 million, an increase of 2.6 percent from the same period last year.

Marine Products Corp. reports 1Q results

Chaparral and Robalo parent company Marine Products Corp. said today that it posted a 25.7 percent increase in net sales for the first quarter, due in part to a 36.7 percent leap in unit sales that the company is attributing to popularity among its smaller models.

Twin Disc reports 3Q results

Twin Disc said today that fiscal third-quarter sales declined to $41.4 million from $60.9 million in the same period last year.

Analyst: Recent growth bodes well for selling season

Resilient U.S. consumers, favorable spring weather and strong March boat sales trends point to a very solid marine industry in its peak selling season and could indicate a supply shortage in California and northern U.S. states.

Twin Disc reports 2Q results

Twin Disc reported fiscal second-quarter sales of about $44.8 million, compared with nearly $72.7 million in the quarter last year.

BRP reports 3Q results

BRP said its fiscal third-quarter revenue increased 10 percent from the same quarter last year to $1.01 billion Canadian, or about $734 million in U.S. dollars.

Economic growth slowed considerably in 3Q

A waning international appetite for American-made goods held back the nation’s economic growth during the third quarter, government data released Thursday morning show, a side effect of broader weakness in the global recovery.

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