Earnings and Analysts

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

Actuant reports 3Q results

The diversified industrial company Actuant Corp. today reported a growth in sales and core revenue for the third quarter, which ended May 31. Consolidated sales for the third quarter were $335 million, 17 percent higher than the comparable prior-year quarter. Core sales increased 16 percent , while earnings and EPS from continuing operations in the…more

Analysis sees steady increase in boat demand

The latest analysis from the Cleveland-based market research firm Freedonia Group predicts an industry rebound from depressed 2009 boat sales with demand rising 9.3 percent annually to $10.1 billion in 2014. Gains will come from a combination of increased consumer spending and disposable income coupled with a recovery in financial markets and a loosening in…more

Brunswick to release 1Q results

Brunswick Corp. will release its first quarter 2010 financial results before the market opens on April 29. The company will hold a conference call at 10 a.m. (CDT) that same day. The call will be broadcast over the Internet at the company’s Web site. To listen to the call, go to the Web site at…more

Coast Distribution reports 4Q, year-end results

Coast Distribution System recently reported a net loss for the fourth quarter of 2009, but an overall profitable fiscal year. Coast – one of North America’s largest aftermarket suppliers of replacement parts, accessories and supplies for the vehicle, vessel and outdoor recreation industries – reported an increase in sales and a significantly reduced net loss…more

Report details N.C. industrial employment

Industrial employment in North Carolina fell 8.2 percent in the last 12 months, according to the 2010 North Carolina Manufacturers Register, an industrial directory published annually by Manufacturers’ News Inc. According to MNI, the transportation equipment sector saw the worst decline in employment, down 15 percent, following layoffs at three Daimler Trucks facilities and layoffs…more

Johnson Outdoors reports 1Q results

Johnson Outdoors reported a slight increase in net sales for the first quarter, which ended Jan. 1, 2010, though it had a loss from continuing operations for the period. The company announced net sales of $70.5 million for the quarter, up 1 percent compared to net sales of $69.8 million for the prior-year quarter. Loss…more

Johnson Outdoors sues Navico for patent violation

Johnson Outdoors filed a patent infringement lawsuit against Navico Inc. for selling certain fishfinding equipment. The announcement follows the company’s recent announcement it had received a patent protecting its Humminbird Side Imaging sonar technology. The lawsuit is based on Navico’s sale of the Lowrance LSS-1 StructureScan Imaging System. Johnson Outdoors said its side-imaging sonar produces…more

Brunswick will likely turn profitable in 2011, analyst says

Brunswick Corp. is well-positioned to expand its market share and profitability as the recovery unfolds into 2011, said Tim Conder, a senior analyst with Wells Fargo Securities. Brunswick on Thursday released its fourth-quarter results, which showed a 22-percent drop in net sales, and a 38-percent decrease in net sales in the boating segment. However, the…more

Brunswick reports 4Q results

Brunswick Corp. today reported a 22 percent drop in net sales for the fourth quarter of 2009, including a 38 percent decrease in net sales in the boat segment. Pipeline reduction and inventory management strategies led to significantly lower dealer inventory levels and company cash flow benefits, while having a negative impact on revenue and…more

Johnson Outdoors gets patent for sonar system

The U.S. Patent and Trademark Office granted U.S. Patent No. 7,652,952 to Johnson Outdoors Inc. for its Humminbird Side Imaging technology. The approved patent protects Humminbird’s Side Imaging sonar systems from unauthorized copying. “Our Side Imaging sonar technology is one of the most heralded innovations in the marine electronics industry in decades,” said Kelly Grindle,…more

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