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.


Marine to Build MX-1 Props in Michigan

Founder Greg Sharrow announces global manufacturing HQ to be located in his hometown of Detroit.

Conception Captain Charged With 34 Counts of Manslaughter

The dive boat fire that killed 34 was among the deadliest in recent U.S. maritime history.

ABYC Foundation Announces Educator of the Year

The award was established to honor instructors that are shaping future marine service technicians.

Quick Hits: December 2, 2020

Vesper appoints global sales manager; Horizon Yachts wins Taiwan Gold award; and NFWF announces $1.2 in coral reef grants.

Patrick Industries Acquires Taco Metals

The components manufacturer had been family-owned for 60 years.