Earnings and Analysts

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

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

Analyst forecasts 5.8 percent growth in 2012 boat sales

A Wells Fargo Securities analyst is projecting that new-boat sales in the U.S. boat industry will rise by 5.8 percent this year. The statement came from analyst Timothy Conder, who cited in a report this morning the Statistical Surveys sales numbers for September, based on figures from 22 early-reporting states, which show powerboat sales increasing…more

Analyst sees continued boat sales growth

Analysts at Wells Fargo are projecting year-over-year U.S. boat sales to be up 10 percent in 2012 from last year, with the global industry up 4.5 percent. U.S. retail boat sales continued at a solid pace, with 8.8 percent year-over-year growth in July in the key powerboat segments, driven by aluminum, outboard and small fiberglass…more

Report says home sales up in July

Sales of existing homes rose in July, with the national median price showing five consecutive months of year-over-year increases despite “unnecessarily tight lending standards and shrinking inventory supplies,” according to a report from the National Association of Realtors. Monthly sales rose in every region but the West, where inventory is very tight, the group reported…more

Johnson Outdoors plans work force consolidation

Johnson Outdoors announced Wednesday that it is restructuring the U.S. and European operations of its watercraft brand business and streamlining work at its Maine facility in an effort to improve the profitability of the unit. The company said the watercraft brands will transition to a lower-cost local independent distributor business model in Europe by the…more

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