Twin Disc Inc. said Tuesday that it saw sales rise 15 percent and earnings improve significantly in its second quarter, citing strength in marine transmissions and aftermarket sales.
Earnings and Analysts
Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.
MarineMax said today that it turned a profit in its fiscal first quarter, a period that usually results in an operating loss, and grew revenue by more than 44 percent, to $158.1 million.
Marine Products Corp. said today that it had fourth-quarter net sales of $37.4 million, a 5.9 percent decrease from $39.8 million in the quarter a year earlier, because of lower unit sales.
Brunswick Corp. will release its 2014 fourth-quarter and year-end results on Jan. 29 before the market opens.
Marine Products Corp. said it will release its 2014 fourth-quarter and year-end results on Jan. 28 before the market opens.
Hanse Yachts AG said it ended the first quarter of its new fiscal year with continued growth as North America and Asia were key markets driving the increases.
Grand Banks Yachts this week warned investors that it will record a loss for the quarter that ended Sept. 30.
Twin Disc Inc. today reported lower sales of $64.8 million in its fiscal 2015 first quarter, compared with $66.4 million a year earlier, attributing the decline to softening demand in the company’s Asian markets for commercial marine and oil and gas products.
Brunswick Corp. said it will release its third-quarter financial results before the market opens on Oct. 23.
Malibu Boats reported a 9 percent increase in fourth-quarter net sales and said it had adjusted fully distributed net income of $5.5 million, or $0.24 a share, for the period.