Quick Hits: April 28, 2020


Caterpillar reported a 21 percent decrease in sales and revenue for the first quarter and a 39 percent decline in profit-per-share. The company has suspended operations at some facilities due to supply-chain issues, weak customer demand or government regulation.

Polaris reported a 6 percent drop in sales in the first quarter and a net loss of $5 million. “The rapid decline in retail demand over the last two weeks of March, driven by the covid-19-related economic slowdown, significantly impacted sales and gross profit for the first quarter of 2020,” the company said in a statement.

West Marine is working with researchers to convert snorkel masks into respirators for hospitals and others in health care. “We kept seeing reports of scuba masks with the potential of being adapted into respirators, and we realized this was a real possibility to do our part during this pandemic,” CEO Ken Seipel said in a statement. The company said the devices will be distributed in the next few weeks.


NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.