Earnings and Analysts

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

earning

Chilly spring dampens earnings

Poor weather delays season in some states, slowing sales and limiting profits for the quarter Publicly held marine companies posted mixed results for the January-March quarter, attributing losses or reduced profits to cooler-than-average weather, measured against unseasonably warm conditions during the same period in 2012. During conference calls with analysts, chief executives Dustan McCoy of…more

Report sees steady marine composites growth

The global marine composites industry is forecast to grow at a rate of 5.8 percent a year between 2013 and 2018, according to a study from Composite Insights, a firm based in India. The study showed that in 2012 the growth in consumption of composite materials in the global marine industry was driven by North…more

Consumer confidence hits five-year high

Consumer confidence hit a five-year high in May, The Conference Board reported today. The New York-based private research group said its Consumer Confidence Index rose to 76.2, up from 69 in April. “Consumers’ assessment of current business and labor-market conditions was more positive and they were considerably more upbeat about future economic and job prospects,”…more

Report details burgeoning electric-boat market

The rapidly growing $2.6 billion market for marine electric vehicles will reach $6.3 billion in 2023, according to a new report by IDTechEx, a firm that offers market research and advice in emerging technologies. IDTechEx has published more than 70 reports on technologies such as photovoltaics, energy harvesting, energy storage and electric vehicles. “The market…more

Analyst says Brunswick is positioned well in slow recovery

The weather in May will determine the degree that pent-up marine retail demand is “unleashed.” That’s according to Wells Fargo analyst Tim Conder, who said in a new report that U.S. marine industry dynamics should keep a relative floor under new-boat demand. Historically low inventory channels of new and used boats, as well as a…more

Hotel booking report could boost boating

Early hotel bookings indicate that the coming summer will be a busy one as families and business travelers are expected to hit the road in droves. That’s according to HotelNewsNow.com, which reported Tuesday that a forecast by the website’s parent company, STR, predicts strong metrics for June, July and August. Not only is demand up,…more

Johnson Outdoors reports 2Q results

Outdoor recreation equipment company Johnson Outdoors reported higher second-quarter and year-to-date revenue and earnings, citing marine electronics as the company’s primary growth engine. “Growth in North America and northern Europe more than offset declines in challenging markets across southern Europe this year,” chairman and CEO Helen Johnson-Leipold said in a statement. “Marine electronics remains our…more

Marine Products Corp. schedules 1Q results

Marine Products Corp. will release financial results for the first quarter on April 24 before the market opens. The company, which manufactures Chaparral sterndrive and inboard boats and Robalo outboard sportfishing boats, will host a conference call at 8 a.m. EDT that day to review the financial and operating results for the quarter, which ended…more

Report details economic downturn in global shipping

Global ship operators face significant refinancing and default risks as a result of tight bank funding, enormous industry overcapacity and depressed global trading conditions, Standard & Poor’s Ratings Services said in a report released this week. “Global Ship Operators Scramble For Liquidity To Stay Afloat” depicts an industry that has been dramatically hurt by the…more

Survey: Marine industry adding inventory, expects sales gains

In light of an improving consumer outlook, more than half of marine industry survey participants say now is the time to increase inventory levels to be fully stocked for the spring selling season. That’s according to results released by GE Capital, Commercial Distribution Finance, which reported that 51 percent of respondents said it was the…more

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