Earnings and Analysts

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

GE Capital forecasts accelerated industry growth

GE Capital’s Commercial Distribution Finance business said in a recent report that after a slow start resulting from a harsh winter and a cold spring, the recreational marine industry is showing accelerated growth.

Marine Products Corp. reports 2Q results

Marine Products Corp., the builder of Chaparral and Robalo boats, today announced a 13.6 percent second-quarter sales increase, citing higher unit sales and more sales of larger boats during the quarter.

Analyst sees promise in June sales numbers

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.

Analyst says May boat sales aren’t that bad

Wells Fargo analysts think investors have become overly focused on the fact that May U.S. boat sales were down without considering several underlying nuances “skewing May data.”

Analyst optimistic despite slow May boat sales

Wells Fargo analysts are reiterating their belief that the overall retail boat industry will be up between 8 and 9 percent in light of May sales data released by Statistical Surveys.

The industry is hoping better weather will reignite boaters' passion.

Quarterly earnings take a weather hit

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.

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