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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.

Teleflex reports 1Q results

Teleflex Inc. reported a 17 percent increase in adjusted earnings for the first quarter, which ended March 29, despite a 13 percent decline in revenues. Revenues from continuing operations were $469.7 million compared to $542.1 million in the year-ago quarter, driven by an 8 percent decline in core revenue and an unfavorable currency impact of…more

Crownline sued over Florida crash

Survivors of a fatal Easter Sunday boating accident in Palm Valley, Fla., are suing Crownline Boats, alleging that the “unsafe design” of the bowrider contributed to the crash. The lawsuit was filed in federal court by Francis Moore, his son Joshua Moore, and Jamie Hole, according to a report from Firstcoastnews.com. They are three of…more

Doyle Sails offers Dow Jones discount

Doyle Sails is offering a special promotion tied to the performance of the stock market. Consumers who order a sail by May 1 and cover it with a 50 percent deposit can take advantage of Doyle’s Dow Jones Discount. The company will record the closing value of the Dow Jones Industrial Average the day of…more

Burger yachts nominated for awards

ShowBoats International nominated two yachts from Burger Boat Co. for the magazine’s annual awards. The Ingot, a 153-foot Burger tri-deck motoryacht, and Tò-Kalòn, a 101-foot Burger enclosed bridge motoryacht, were both nominated for Best Custom Motor Yacht Interior as well as for Best Motor Yacht Under 50m. The 19th annual ShowBoats International Awards will be…more

March sales figures show aluminum fared better

March sales data for all fiberglass boats was down 35.8 percent, including PWC. These preliminary statistics include 28 early reporting states, which represent approximately 62 percent of the national market. Only states that provide weekly or monthly information are included in this summary. Percentage change is presented on a calendar-year basis to reflect actual results.…more

Zodiac using aggressive pricing to reduce inventory

Zodiac of North America, a leading manufacturer of inflatable boats and rigid-hull inflatable boats, is holding a spring “stimulus” sale for Avon and Zodiac jet tenders currently in inventory. “It’s no secret that the marine industry is in a slump,” said Gary Durnan, vice president at Zodiac, in a statement. “So we decided boaters needed…more

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

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