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Quick Hits: August 20, 2020

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.


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Dockside Chat on 3D Sonar Technology

Join Editor-in-Chief of PassageMaker Jeff Moser for a dive into 3D forward looking sonar technology with Bob Arrington and Matthew Zimmerman.


ePropulsion Opens R&D Center

Located in Shanghai, China, the new facility “plugs the gap in our research-and-development capabilities for high-power energy systems and electric propulsion systems.”


MarineMat Acquires Manufacturing Facility

The foam decking manufacturer said the new plant in northern Slovakia is scheduled to open in the first quarter of 2023.


Propeller Precision

Yamaha’s new $20 million foundry leverages innovative technologies and processes to produce 100,000 propellers each year.


Grady-White Hires New VP

Jonathon Burns will lead team development and strategy after a long career with Yamaha Motor Corp.


AMI Conference Registration Opens

The annual event is scheduled for Jan. 30-Feb. 1 in Daytona Beach, Fla., and will feature several preconference sessions and multiple conference tracks.


BRP’s Marine Revenue Up, Volumes Down

The Canadian company said its second-quarter marine sales fell in North America as a result of supply-chain disruptions, but price increases boosted revenue.


Don’t Count Out the Coupon Clippers

Using coupons to offer customers special deals is a proven way to increase business.


Mercury Racing Begins Expansion

The construction of more manufacturing and propeller-shop space will increase the size of the Fond du Lac, Wis., facility to almost 150,000 square feet.