Zodiac Nautic North America, a subsidiary of RIB and inflatable manufacturer Zodiac Nautic, is reporting one of the best Fort Lauderdale International Boat Shows in its history.
Earnings and Analysts
Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.
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.
MarineMax and Malibu Boats announced the release dates of their latest quarterly earnings.
Marine Products Corp., the parent company of Chaparral, Robalo and Vortex, reported a 24 percent rise in third-quarter net sales, attributing the increase to Robalo and Chaparral outboard boat sales.
Twin Disc reported a “significant decline” in fiscal 2016 first-quarter sales, from $64.8 million to about $37.4 million, because of a global decline in oil and natural gas prices, along with softening demand in Asia for the company’s commercial marine products.
Twin Disc’s net earnings increased 207 percent for fiscal year 2015 to $11.17 million on relatively flat sales, which dropped in the fourth quarter to $67.33 million, compared to $73.56 million the year prior.
Chaparral Boats might have slipped a couple of basis points in market share, but it still holds the No. 1 spot.
Marine Products Corp., the parent company of Chaparral, Robalo and Vortex jetboats, attributed a 24 percent hike in second-quarter net sales to higher unit sales of Vortex jetboats, Robalo outboard sportfishing boats and Chaparral SunCoast Sportdeck outboards.
FLIR Systems Inc. said today that second-quarter revenue was lower in its marine segment, in part because of foreign currency exchange fluctuations.
Marine Products Corp., the parent company of Chaparral and Robalo boats, said it generated first-quarter net sales of $50.6 million, a 6.2 percent increase from $47.7 million in the same period last year.