Quick Hits: August 20, 2020

Publish date:

Brunswick Corp. execs say the company will repay the final, $85 million balance of revolving line credit on Aug. 21 after settling up on $300 million towards the credit facility in June and July. “As we close out the month of August, we continue to see a very healthy marine industry with strong demand, a large cohort of new and returning boating participants and high levels of boating participation,” said Brunswick Corp. CFO Ryan Gwillim in a statement. “As a result of the successful execution of our strategy, and consistent with our capital plans, we are repaying the remaining balance of our revolving credit facility.” 

The board of directors at Winnebago Industries Inc. increased shareholder dividends, representing a 9 percent (or $0.01-per-share) increase over the previous fiscal quarter. Winnebago CEO Bryan Hughes said the move reflects the company’s strong financial position and confidence in an upward trajectory despite the challenges from Covid-19. “Our products enable people to enjoy an active outdoor lifestyle in a safe manner with family and friends, and we believe this trend will continue and the pursuit of the outdoors will continue to resonate with consumers,” said Hughes in a statement.

The gag grouper season opens for a portion of the Gulf region Sept. 1 and runs through Dec.1. The area specified in bulletin by the Florida Fish and Wildlife Commission includes Franklin, Wakulla, Jefferson and Taylor counties. The season for all other Gulf state and federal waters is June 1 to Dec. 31 (Monroe County state waters follow Atlantic regulations). The minimum size limit for recreationally caught gag grouper — charter captains and crew have a zero bag limit — is 24 inches. The daily bag limit is two fish per harvester within the four grouper, aggregate bag limit.


Registration for Outdoors Conference Opens

The Outdoor Recreation Roundtable’s June 1-2 virtual conference will include speakers and presenters from government agencies and ORR member partners.

Yamaha Sees Double-Digit Growth in Q1

The marine segment was up 7.4 percent, driven by demand for outboards in North America and Europe but tempered by supply-chain logistics.

Orion Announces SafetyPro Training

The factory-authorized courses are designed “to educate retail associates on how to match a boater’s type of boating with the different signal kits that we offer.”

A Truce on Tariffs?

The E.U. will suspend the June 1 increase of its retaliatory tariffs and agreed to negotiate with the U.S. to end steel and aluminum tariffs.

Argos 3D Forward Looking Sonar

For 20 Years, FarSounder has been developing and manufacturing 3D forward-looking sonar for vessels of all sizes.

Dometic Marine Appoints Executives

The company promotes a 20-plus-year employee and adds a vice president of aftermarket sales and e-commerce.

IMEA Launches Scholarship Program

The International Marine Electronics Alliance aims to recruit students into the field of marine technology.

RBFF Campaign Reels in Awards

The fishing-and-boating advocacy group’s Get on Board campaign was recognized by two national public relations organizations.

Suzuki’s Clean Ocean Project

Testing of the engine manufacturer’s microplastics filtering device continues as it moves closer to production. The company also released its full-year financials.