Earnings and Analysts

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

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

Final 2008 boat-sales statistics

The fourth quarter of 2008 finished with an increased rate of decline on sales volume. The total fiberglass market for all lengths was down 40.2 percent on 9,421 units for the quarter. These statistics are based on registration data from all 50 states. This is the second consecutive year with the entire country reporting. In…more

White House bailout plan announced

Treasury Secretary Timothy Geithner yesterday laid out the White House’s plan to rescue the financial system, and it is bigger than expected, with government playing a larger role in markets and banks. Under the plan, administration officials will pump as much as $2.5 trillion into the financial system — $350 billion of it from the…more

KVH reports uptick in 2008 revenue

KVH Industries reported an 8 percent increase in revenue for the fourth quarter ended Dec. 31, and a 2 percent gain for the full year. “While the economic situation is a serious challenge for all companies, our innovative strategic plan and diversified business model are generating revenue from satellite communications on land, sea, and air,…more

MarineMax reports 1Q losses

MarineMax reported a 53 percent drop in revenue and widened its net loss for the first quarter, which ended Dec. 31, 2008. Revenue was $100.2 million, compared to $215.3 million for the year-ago quarter. Same-store sales declined about 52 percent, compared to a 9 percent decrease in the comparable quarter last year. The net loss…more

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