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Boatbuilders make news in a variety of ways, among them by debuting new models and announcing business expansions or quarterly financial results.

KVH reports 1Q results

KVH Industries today reported a decline in revenue for the first quarter of 2009, which ended March 31. Revenue was $18.3 million, down 21 percent from the quarter ending March 31, 2008. Net loss for the period was $2.6 million, or 18 cents per share. During the same period last year, the company reported net…more

Marine Products to release 1Q results

Marine Products Corp.’s first quarter 2009 earnings webcast is 8 a.m. April 29. The company will also host a conference call at the same time. Those interested can click here to view the webcast. For anyone unable to participate during the live webcast, it will be archived on the company’s Web site. Individuals wishing to…more

042209Lazarra

Lazzara Yachts opens mobile sales center

Lazzara Yachts opened a mobile sales showcase for new yachts at the Sails Marina in Fort Lauderdale. The Lazzara showcase, named Legacy, was designed and built by Lazzara Yachts at its Tampa facility last summer. It was conceived as a mobile sales center that can be moved (by towing) to accommodate boat shows and special…more

Twin Disc reports 3Q results

Twin Disc today reported a drop in sales for the third quarter and nine months ending March 27. The company says sales for the third quarter were $69.3 million compared to $85.8 million for the fiscal 2008 third quarter. Year-to-date sales were $232.6 million compared to $241.3 million for the same period of 2008. “The…more

Hinckley to further reduce staff

Hinckley Yachts is planning more layoffs this week at its Trenton, Maine facility, company president and CEO Jim McManus confirmed this morning to Soundings Trade Only. McManus said 26 people will be laid off this week, with more layoffs possible though July. About 100 people have been laid off at the company since last fall.…more

Bombardier secures new retail financing

In an effort to help its dealers offer competitive financing for consumers, Bombardier Recreational Products secured retail financing options with three lending institutions. BRP signed on with U.S. Bank, Sheffield Financial in the United States and TD Canada Trust in Canada. “We saw the pressure our dealer network faced with retail financing and acted swiftly…more

Marine Products to release 1Q results

Marine Products Corp., the Atlanta-based manufacturer of Chaparral pleasure boats and Robalo sportfishing boats, will release its financial results April 29 for the first quarter, before the market opens. The company will host a conference call at 8 a.m. to review those results. The call will be broadcast and archived on the company’s investor Web…more

Malibu honors ‘everyday heroes’

Malibu Boats is recognizing North America’s everyday heroes – military, firefighters, law enforcement, educators, and medical professionals – with the Malibu Hero Boat Buying Event this spring. “Malibu Boats feels very strongly about honoring everyday heroes that make a difference in our lives,” the company said in a statement. Malibu Boats and its entire U.S.…more

Bertram parent agrees to debt swap

Ferretti SpA, the Italian parent company of Bertram Yachts in Miami and Allied Richard Bertram Marine Group in Fort Lauderdale, reportedly has agreed to a debt-for-equity swap with its lenders. Ferretti’s lenders have agreed to take control of the builder of Riva and Bertram yachts by swapping part of its $1.6 billion of debt for…more

Burger receives two award nominations

Burger Boat Co. of Manitowoc, Wis., was nominated for two 2009 Asia Boating Awards. Asia-Pacific Boating and China Boating magazines nominated Tò-Kalòn, a 101-foot Burger enclosed bridge motoryacht, for Most Innovative Exterior Yacht Design of the Year and Ingot, a 153-foot Burger tri-deck motoryacht, for Best Motor Yacht (86 feet and up). This year’s awards…more

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