Earnings and Analysts

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

Analyst optimistic despite slow May boat sales

Wells Fargo analysts are reiterating their belief that the overall retail boat industry will be up between 8 and 9 percent in light of May sales data released by Statistical Surveys.

The industry is hoping better weather will reignite boaters' passion.

Quarterly earnings take a weather hit

The unsurprising mantra from companies that issued quarterly earnings reports in April was “weather.” The winter that wouldn’t end depressed boat and gear sales throughout the January-March quarter, but many are optimistic that increasing customer demand will translate to delayed 2014 sales, at least in some segments.

BRP schedules fiscal 2014 results

BRP will hold its first shareholders meeting June 12 in Valcourt, Québec, at the Laurent Beaudoin Design & Innovation Centre at 1 p.m.

Johnson Outdoors reports 2Q results

Johnson Outdoors reported lower second-quarter sales and profits, attributing the reduced results primarily to prolonged harsh winter weather.

Marine Products Corp. reports 1Q results

Marine Products Corp., the builder of Chaparral and Robalo boats, said today that first-quarter sales rose 7.7 percent and that profits climbed 36.5 percent to nearly $2 million.

Colder weather colors analyst’s latest report

B. Riley’s analysis of the marine industry produced a largely positive outlook for all four companies it covers — Brunswick Corp., MarineMax, Marine Products Corp. and West Marine — despite the fact that early spring sales have lagged somewhat because of cold weather in much of the United States.

Analyst sees innovation driving new-boat demand

Chilly weather might have inhibited late winter and early spring boat sales, but innovative product seems to be boosting boat show sales and leads across all price points, potentially enough to offset any early losses.

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