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Quick Hits: April 29, 2020

National Transportation Safety Board investigators announced the findings from a nearly two-year probe into the sinking of a duck boat on Table Rock Lake in Branson, Mo., which resulted in the deaths of 17 of the 31 passengers on board. The NTSB faulted faulted the tour company,Ride the Ducks of Branson, for continuing tours following severe thunderstorm warnings in the area, as well as the Coast Guard for failing to require design modifications to duck boats after a sinking in 1999 killed 13.

Garmin reported strong first-quarter revenue and operating growth but said it is withdrawing its fiscal guidance, given the uncertainty caused by the coronavirus pandemic. Revenue from the marine segment grew 22 percent in the quarter, which Garmin attributed to sales of plotters and sonar.

The Wall Street Journal reported earlier this week that Detroit’s car companies are targeting May 18 to commence limited production at U.S. factories. WSJ said executives from General Motors, Ford and Fiat Chrysler agreed on the timeline after talks with leadership from the United Auto Workers and Gov. Gretchen Whitmer’s office.

Related

CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.

BRP

BRP Reports 71% Increase in Q3 Revenues

The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.

Airmar

Airmar Announces Training Dates

Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.

Norm

The Survey Says …

Surveying customers to find out what they think about your business has never been more important.

1_MDI

Marine Development Inc. Changes Hands

Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.