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.


NMMA to Hold State of the Industry Webinar

The March 4 webinar takes place at 11 a.m. and includes the presentation of the Marine Industry Customer Satisfaction Index Awards and the Alan J. Freedman Award.

Sanlorenzo Reports 2020 Financials

Gains in the Asia-Pacific and Americas markets offset losses for the Italian builder’s superyacht division.

Into the High Season

Our monthly Pulse Report survey asks dealers about restocking inventory and more, as the new season looms.

It Takes Two to Tango

The boom in boat sales we’re enjoying is a result of the combined efforts of the National Marine Manufacturers Association and the Recreational Boating and Fishing Foundation.

Besenzoni - for over 50 years ambassador of made in Italy in the world - designs and produces accessories for pleasure and commercial boating characterized by simple and functional design

Besenzoni constantly assists its customers in 90 countries with 187 representative points and a direct assistance network consisting of 164 operating units around the world coordinated by the headquarters.

Sea Tow Saves Cold-Stunned Turtles

Its Corpus Christi outfit is rescuing turtles that were affected by the deep freeze in Texas.