RBC Capital Markets is reducing its estimates for Brunswick to reflect “significant pressure and restructuring,” analyst Edward Aaron wrote in a report, which was issued prior to the release of Brunswick’s fourth-quarter earnings. For 2009, RBC forecasts a loss of $1.59 per share versus consensus of a loss of $1.27. The 2009 forecast includes restructuring…more
Earnings and Analysts
Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.
Marine Products Corp., manufacturer of Chaparral and Robalo boats, today reported a more than 60 percent decrease in net sales for the fourth quarter, which ended Dec. 31, 2008. Marine Products generated net sales of nearly $22.8 million for the quarter, a 61.4 percent decrease compared to nearly $59 million in net sales for the…more
MarineMax will hold a conference call at 10 a.m. Feb. 3 to review its first-quarter fiscal 2009 results. To access the call, visit the investor relations section of the company’s Web site. An online replay will be available for a limited time, beginning within one hour of the conclusion of the call. The company will release…more
West Marine Inc. today reported a 6.1 percent drop in net sales for its 2008 fourth quarter, and a 7.1 percent sales decline for the full year. Net sales for the quarter ending Jan. 3 totaled $111.1 million, compared to $118.3 million in the year-ago quarter. This was primarily because of a $4.9 million decline…more
Declines in retail activity for the third quarter of 2008 continued at a similar pace to the second quarter. The numbers here are based on registration data from 47 states, or 99 percent of the U.S. market, with three states not reporting. The total fiberglass market for all lengths was down 31.6 percent on 53,293…more
Gander Mountain Co. reported an increase in sales for the third quarter, due in part to the expansion of the company’s direct marketing business through Overton’s. The company reported sales of $269.9 million for the quarter ending Nov. 1, an increase of 4 percent from the prior-year period. Comparable store sales decreased 6.5 percent in…more
Gander Mountain Company had a 4 percent increase in sales for the third quarter of 2008, compared to the same period last year, according to the company. The company reported third-quarter consolidated sales of approximately $270 million compared to consolidated sales of $260 million for the comparable quarter of fiscal 2007. The retail segment sales…more
MarineMax today reported a decline in same-store sales for the quarter and the fiscal year, and a net loss for the fiscal year of more than $134 million. Revenue for the quarter was $165.6 million, compared to $318.2 million for the comparable quarter last year. Same-store sales declined approximately 45 percent compared to a 1…more
MarineMax will release its fourth quarter and fiscal 2008 financial results prior to the market open Nov. 11. The Clearwater, Fla.-based company will hold a conference call to review results at 10 a.m. (EST) that same day. Click here for information on accessing the call.
Garmin Ltd. said today that total revenue for the third quarter ending Sept. 27, was $870 million, up 19 percent from $729 million in the same period of 2007. In the marine segment, however, revenue decreased 8 percent to $44 million in the third quarter of 2008. Garmin reported diluted earnings per share of 82…more