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Quick Hits: April 30, 2020

The Maine Boat & Home Show, scheduled for Aug. 7-9, has been canceled. Maine Boats, Homes & Harbors magazine publisher John K. Hanson Jr. said the decision was made after Gov. Janet Mills cautioned that large gatherings likely will continue to be prohibited through summer, and that visitors will be required to quarantine for 14 days. “We don’t want to do anything that might cause harm to this community that has given so much to us over the years,” Hanson said in a statement. The show is rescheduled for Aug. 13-15, 2021.

Marine Products Corp. reported a 28.8 percent drop in net sales in the first quarter, attributed to a nearly 30 percent decrease in net unit sales. Gross profit for the quarter dropped 35.3 percent. The parent company of Chaparral and Robalo announced reduced cash dividends for the quarter. Management said during a call with investors that the company would resume production next week.

U.S. Interior Secretary David Bernhardt will speak May 14 during the American Boating Congress, according to the National Marine Manufacturers Association. Bernhardt will outline steps the Trump administration is taking to reopen public lands and waters. ABC is being held virtually May 13-14.

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.