Earnings and Analysts

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

ICOMIA releases new industry statistics report

The International Council of Marine Industry Associations has been producing its Recreational Boating Industry Statistics book for almost 20 years, but says this year’s book is different. “We agreed that after almost two decades it was time to move the production of the book from in-house to an external agency, and so our newly appointed…more

Marine Products Corp. reports 2Q results

Marine Products Corp., the builder of Chaparral and Robalo boats, today announced a 9.8 percent increase in net sales in the second quarter, generating $42.2 million this year, compared with $38.5 million last year. The Atlanta-based builder also said it expects to introduce its new recreational jetboat line late in its 2014 model year. The…more

Marine Products Corp. schedules 2Q results

Marine Products Corp. will release its financial results for the second quarter, which ended June 30, on July 24 before the stock market opens. In conjunction with the earnings report, the company will host a conference call at 8 a.m. EDT that day to review its financial and operating results. Marine Products builds Chaparral sterndrive…more

Analyst is optimistic about marine stocks

Despite the lingering effects of the recession and a cold spring that dampened boat sales, some analysts say boat stocks are a good buy. A Robert W. Baird & Co. analyst told the Milwaukee Journal Sentinel that the marine industry holds opportunities for investors looking for stocks that might benefit from improvements in consumer discretionary…more

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

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