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Quick Hits: August 7, 2020

Twin Disc reported an 18 percent drop in sales in its fourth quarter, to $59.4 million, due to softness in the oil and gas industries. However, its Veth Propulsion acquisition realized a 6.2 percent increase in sales for fiscal 2020 and a 26 percent increase compared to the prior fiscal year fourth quarter. “Throughout the Covid-19 crisis, we have aggressively eliminated expenses and aligned our cost structure with expected sales, while focusing on strengthening our balance sheet and reducing working capital levels,” CFO Jeffrey Krutson said.

Components manufacturer and distributor Patrick Industries said it completed its acquisition of Inland Plywood Co., with assets that will help expand the parent company’s specialty product distribution. “We are extremely excited to partner with the Inland team, who are recognized and respected market leaders with a tremendous brand and reputation for providing innovative and quality products to the marine, RV and industrial markets,” Patrick president and CEO Andy Nemeth said in a statement.

Liqui Moly tapped Atlantic Marketing Co. to represent its line of engine lubricants and fuel additives. “We're pleased to be working with the sales team at Atlantic Marketing,” Liqui Moly business development manager Gary Driver said in a statement. “They have deep, respected relationships within the industry, and we're confident of their abilities to successfully market our premium-quality products and help grow our brand awareness.”


Insider Access

My hope is to include at least one insider story in every issue of Soundings Trade Only to provide a look at corners of the trade that some folks might not know exist.


Finding the Next Buyers

Discover Boating commissioned a research study to fine-tune targeting efforts in marketing.


How to Create a Great Workplace

With insights gleaned from more than 16,000 individual industry employee satisfaction surveys, the Marine Retailers Association of the Americas has gained new understanding and answers of how to drive employee engagement.


Q&A with David Foulkes and Alexandra Cattelan

After divesting its well-known bowling, billiards and fitness brands, Brunswick Corp. emerged as a boating-focused conglomerate, with familiar brands including Sea Ray, Boston Whaler, Bayliner, Protector, Lowe Boats, Mercury Marine, and Freedom Boat Club.


Two Secrets to Getting Results

Any leader can give reasons for failing to achieve acceptable results. The best leaders overcome inevitable challenges, and some of those leaders make it look easy. Some seem to drive results effortlessly, while others struggle.


Industry Pushes Back Against Speed Restrictions

A NOAA Fisheries proposal would restrict boats 35 feet and larger to a 10-knot speed limit along the East Coast to protect right whales from vessel strikes.


Magonis Opens Connecticut Office

The Spain-based, electric-boat builder offers an 18-footer that’s available with motors from Torqeedo and Mag Power.


Bill Seeks to Increase Youth Fishing

The bipartisan Coastal Fishing Program Act of 2022 would ease barriers to accessing the outdoors in underserved communities.