Earnings and Analysts

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

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

Report: Americans increasingly unhappy in their jobs

Employees are increasingly dissatisfied with their jobs, according to a report by The Conference Board. The report, based on a survey of 5,000 U.S. households conducted for The Conference Board by TNS Global Market Research, finds only 45 percent of those surveyed say they are satisfied with their jobs, down from 61.1 percent in 1987,…more

MarineMax to release 4Q numbers next Thursday

MarineMax will release its fourth quarter and fiscal 2009 results prior to the market opening Nov. 5. A conference call at 10 a.m. EST will review the results. To access the call, visit the investor relations section of the company’s Web site. An online replay will be available for a limited time beginning within one…more

Ocean Bio-Chem reports 2Q financial results

Ocean Bio-Chem, which manufactures Starbrite and StarTron products, reported an increase in net sales and pretax profits for the second quarter ended June 30, 2009. The company reported pretax profits of about $338,000 for the second quarter 2009, compared to a pretax loss of about $8,000 for the year-ago quarter. Net income, after tax, was…more

SailTime reports increase in fractional ownership

SailTime Group, a leader in fractional boating with more than 50 bases around the world, says it has experienced significant growth for the first half of 2009, including the launch of three new bases in the United States and Europe and a record number of new members. “In spite of the struggling economy, and perhaps…more

Marine Products releases 2Q results

Marine Products Corp., the manufacturer of Chaparral and Robalo boats, reported a 77.4 percent decrease in net sales for the quarter ending June 30, compared with the same period in 2008. Marine Products generated net sales of $12.618 millionĀ in the second quarter, compared to $55.734 millionĀ last year. The decrease in net sales was due to…more

Integral Systems to release 3Q results

Integral Systems Inc. of Columbia, Md., will release its results for the third quarter of fiscal 2009 Aug. 3. The earnings release will be followed by a quarterly conference call at 11 a.m. EDT that same day. The call will last about one hour and will feature John Higginbotham, Integral Systems’ CEO, and chief financial…more

Jewett-Cameron reports 2Q financial results

Jewett-Cameron Trading Company says its sales and net income are down in part because of weakness in industrial wood sales to pleasure boat manufacturers. Sales for the second quarter of 2009, which ended Feb. 28, totaled $9.35 million compared to sales of $15 million for the second quarter of 2008. The company reported net income…more

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