Earnings and Analysts

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

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

Johnson Outdoors reports 2Q results

Johnson Outdoors today announced that revenue during the second fiscal quarter, which ended March 30, matched record second-quarter sales reported in the prior year. Although operating profits benefited from a $3.5 million settlement with the company’s insurance carriers, net income decreased because of a substantially higher effective tax rate. “Second-quarter results reflect the importance and…more

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Earnings point to a better 2012

Industry’s top manufacturers and retailers posted promising results in the fourth quarter of 2011 Many of the industry’s publicly traded companies reported positive results for the October-December quarter. Declines, when recorded, were generally less severe than in recent years, and many companies reported increases in sales and profits. Here is an overview of the results:…more

Johnson Outdoors reports 1Q results

Johnson Outdoors announced revenue grew 2 percent to more than $80 million during the first quarter, despite a 66 percent drop in year-over-year military sales. The company reported a net loss of $2.9 million, or 30 cents per diluted share, during the first fiscal quarter, compared to a net loss of $1.2 million, or 13…more

Johnson Outdoors, Navico settle lawsuit

Johnson Outdoors Inc. and Johnson Outdoors Marine Electronics Inc., and Navico Inc. jointly announced that they resolved their dispute related to Johnson Outdoors’ patented Humminbird Side Imaging sonar technology and Navico’s StructureScan accessory to its displays. “As a result of the settlement, the case has been dismissed,” the companies said in a statement. “The companies…more

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