Skip to main content
Publish date:

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.


Year-End Tax Planning Guidance

These tips can help employers maximize cash savings, minimize tax exposure and more

Mercury Marine to Open Ind. Distribution Center

The new 512,000-square-foot facility will help the manufacturer meet record consumer demand for parts and accessories. The company is also expanding production at its main campus in Wisconsin.

GM Invests $150 Million in Pure Watercraft

An interview with Pure founder and CEO Andy Rebele.

Sea Tow, Southport Boats Form “Peace of Mind” Partnership

Sea Tow’s Gold Card, which includes two years of coverage, will now come standard with new Southport models.

Yamaha Rightwaters Goes International

The conservation initiative becomes an international effort as Yamaha Motor Australia joins a cleaner-ocean campaign.

Perfect Timing

With all the new boats sold recently, it’s inevitable that a good percentage will wind up on the used market. MRAA has launched a Certified Pre-Owned Boat Program to help dealers strengthen this profit center.

A Boatbuilder in Congress?

Robert Healey Jr., of Viking Yacht Co., is running for a U.S. House of Representatives seat in New Jersey.

Monterey and Blackfin to Expand Operations

The company will add 50,000 square feet of manufacturing space to meet increased demand, creating 150 job opportunities.