Earnings and Analysts

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

Jewett-Cameron reports 2Q financial results

Jewett-Cameron Trading Company says its sales and net income are down in part because of weakness in industrial wood sales to pleasure boat manufacturers. Sales for the second quarter of 2009, which ended Feb. 28, totaled $9.35 million compared to sales of $15 million for the second quarter of 2008. The company reported net income…more

Final 2008 boat-sales statistics

The fourth quarter of 2008 finished with an increased rate of decline on sales volume. The total fiberglass market for all lengths was down 40.2 percent on 9,421 units for the quarter. These statistics are based on registration data from all 50 states. This is the second consecutive year with the entire country reporting. In…more

White House bailout plan announced

Treasury Secretary Timothy Geithner yesterday laid out the White House’s plan to rescue the financial system, and it is bigger than expected, with government playing a larger role in markets and banks. Under the plan, administration officials will pump as much as $2.5 trillion into the financial system — $350 billion of it from the…more

KVH reports uptick in 2008 revenue

KVH Industries reported an 8 percent increase in revenue for the fourth quarter ended Dec. 31, and a 2 percent gain for the full year. “While the economic situation is a serious challenge for all companies, our innovative strategic plan and diversified business model are generating revenue from satellite communications on land, sea, and air,…more

MarineMax reports 1Q losses

MarineMax reported a 53 percent drop in revenue and widened its net loss for the first quarter, which ended Dec. 31, 2008. Revenue was $100.2 million, compared to $215.3 million for the year-ago quarter. Same-store sales declined about 52 percent, compared to a 9 percent decrease in the comparable quarter last year. The net loss…more

Analyst issues Brunswick forecast

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

Marine Products releases 4Q results

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 releasing 1Q results next Tuesday

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 posts 4Q results

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

Fiberglass sales down 31.6 percent in 3Q

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

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