Quick Hits: June 24, 2020

Author:
Publish date:

Chris-Craft Boats parent company Winnebago Industries saw revenue drop nearly 24 percent in their fiscal third quarter to $402.5 million, and a 40.5 percent decline excluding Newmar, an acquisition made by the company in the first quarter of the fiscal year. Results were impacted by “the unprecedented series of events related to the covid-19 pandemic,” the company said in a statement. Winnebago said its financial position remains strong.

The Marine Retailers Association of the Americas has added four new partner members: Atilus, Dealership Toolkit, Kenect and Medallion Bank. “We are thrilled to add four new members to our influential group of partnering businesses,” said business development director Allison Gruhn in a statement. “We believe our members and the unified community representing the MRAA provides us with the ability to deliver on our mission and to serve as the voice of the marine dealer.”

As phased re-openings and eased travel restrictions continue to occur throughout the world — and on a state-by-state basis in the U.S. — the International Council of Marine Industry Associations continues to revise its detailed, country-by-country guide on how the covid-19 pandemic is affecting marine businesses globally. The latest update can be seen here

Related