Skip to main content
Publish date:

Quick Hits: August 6, 2020

FLIR Systems reported second-quarter revenue of $482 million, comparable with the same period last year, and a $912.8 million backlog, a 12.8 percent increase from second quarter 2019. Industrial Technologies revenues for the quarter were $300.2 million, an increase of $15.7 million, or 5.5 percent, compared with the prior year. “This quarter marked the second consecutive quarter of record-breaking total backlog, and we continue to build a robust, sustainable pipeline with several key program wins,” president and CEO Jim Cannon said in a statement.

With the Southampton Boat Show canceled, British Marine is staging Boats 2020, scheduled for Sept. 11-20. Presented by Southampton International Boat Show, the smaller event is being held at Mayflower Park and is finalizing plans in line with government guidelines for events. “British Marine will continue to work with both exhibitors and key event stakeholders to explore all other opportunities, including an alternative, smaller-scale outdoor event to support the leisure marine industry and its members,” said British Marine CEO Lesley Robinson in a statement.

Seattle Yachts said it added the Nordic Tugs line at its locations in the Southeast and the West Coast. “We are excited to add Nordic Tugs to our collection of premium cruising brands,” Cory Gracey, Nordic Tugs brand manager with Seattle Yachts, said in a statement. “Nordic Tugs has an excellent reputation for building extremely high-quality cruisers that perform at a very fuel-efficient level and provide world-class accommodations.”

Related

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.