Earnings and Analysts

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

Geonav unveils rebate program

Geonav, which recently entered the marine electronics market, is offering as much as $1,000 in rebates on selected products. “We launched our full product line this past fall and have had terrific interest from consumers,” business director Bruce Angus said in a statement. “We are offering early adopters a great incentive to buy Geonav to…more

Johnson Outdoors reports 2Q results

Johnson Outdoors announced record second-quarter sales and earnings for the quarter that ended April 1. Total net sales grew 14.1 percent, to $128.9 million, compared with net sales of $112.9 million in the prior year’s quarter. Strong new-product response, anticipated pent-up demand in the marine accessories marketplace and a favorable retail season outlook drove the…more

Analyst: Boat sales could grow 10 percent this year

The U.S. marine industry could be on pace to see unit retail growth as high as 10 percent in 2011, according to Tim Conder, a senior analyst with Wells Fargo Securities. Conder, a Brunswick Corp. analyst, said the conclusion comes from conversations with industry contacts after the Miami International Boat Show. “Optimism remains rooted in…more

Research and Markets issues annual report on dealer industry

Research and Markets has released the “2011 U.S. Boat Dealers Industry Report.” The report, published annually, features 2011 current and 2012 forecast estimates on the size of the industry nationally, as well as for all 50 states and more than 900 metropolitan areas. New to the report this year are financial ratios, number of firms…more

Census report: Boat shows beat winter blues

About now, people in many parts of the country are tired of winter – and dreaming about their favorite warmer-weather outdoor activities, which includes boating. The U.S. Census Bureau reports that boating is a “major hobby,” with Americans owning nearly 17 million pleasure boats. “Buying and maintaining new and used boats, including docking and storage,…more

Johnson Outdoors reports year-end results

Johnson Outdoors today announced increased revenues and a swing to profitability in fiscal 2010. The Wisconsin-based company reported net income of $6.5 million, or 68 cents a diluted share, for the current fiscal year, compared with a net loss of $9.7 million, or $1.06 a diluted share, for the prior fiscal year. “We have transformed…more

Coast Distribution System reports 3Q results

The Coast Distribution System Inc. this week reported a decline in profits, despite a growth in sales, for the third quarter. Coast, one of North America’s largest aftermarket suppliers of replacement parts, accessories and supplies for the boating, RV and outdoor recreation industries, reported net income of $659,000, or 14 cents a diluted share, for…more

Coast Distribution System reports 2Q results

The Coast Distribution System today reported small increases in net income and net sales for the second quarter. Coast, one of North America’s largest aftermarket suppliers for the boating, RV and outdoor recreation industries, reported net income of $1.18 million, or 26 cents a diluted share, for the quarter that ended June 30, compared with…more

Actuant reports 3Q results

The diversified industrial company Actuant Corp. today reported a growth in sales and core revenue for the third quarter, which ended May 31. Consolidated sales for the third quarter were $335 million, 17 percent higher than the comparable prior-year quarter. Core sales increased 16 percent , while earnings and EPS from continuing operations in the…more

Analysis sees steady increase in boat demand

The latest analysis from the Cleveland-based market research firm Freedonia Group predicts an industry rebound from depressed 2009 boat sales with demand rising 9.3 percent annually to $10.1 billion in 2014. Gains will come from a combination of increased consumer spending and disposable income coupled with a recovery in financial markets and a loosening in…more

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