Twin Disc reported fiscal second-quarter sales of about $44.8 million, compared with nearly $72.7 million in the quarter last year.
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. said today that it generated fourth-quarter net sales of nearly $50 million, a 33.2 percent increase from $37.4 million during the same period in 2014.
BRP said its fiscal third-quarter revenue increased 10 percent from the same quarter last year to $1.01 billion Canadian, or about $734 million in U.S. dollars.
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.
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.