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Quick Hits: May 1, 2020

Add Kicker Marine Audio to the list of marine companies contributing to the battle against the COVID-19 pandemic. Stillwater Designs, its parent company, said in a statement it donated more than 9,500 masks to medical centers in the Stillwater and Tulsa, Okla., with an additional 500 shipping to hospitals in New York City. The company also is 3-D-printing the bands that hold medical face shields in place.

KVH Industries announced it will add the Mediterranean region to its Elite service for HD streaming aboard yachts. The dedicated service, which has no overage charges or data limits, was launched last October in the Caribbean, where, the company said, it was well-received by both privately owned and charter yachts.

Patrick Industries said net sales decreased about 3 percent in the first quarter, with a 9.6 percent increase in operating income and a 6.7 percent operating margin expansion of 80 basis points. In the marine segment, which accounts for around 13 percent of sales, revenues of $78 million were a decrease of 14 percent, while powerboat wholesale unit shipments decreased 18 to 20 percent.

Groupe Beneteau said it will resume production at its Marion, S.C. facility May 4 after pausing operations for several weeks due to the covid-19 pandemic. “Groupe Beneteau has put many protective measures in place, keeping each employee’s safety at the forefront of importance,” COO Yannick Madiot said in the statement.


TPG Adds to Marine Portfolio

The hospitality and marina management firm acquired Conanicut Marina and Taylor Point Boat Yard in Jamestown, R.I.

Trade Only Today Returns Jan. 18

The daily e-newsletter will not publish Monday, Jan. 17, in observation of Martin Luther King Jr. Day. We wish everyone a happy and safe holiday weekend.

ECONOMY REPORT: Omnipresent Omicron

The year closed with an uptick in consumer confidence, but the latest coronavirus variant threatens to derail progress

Mixed Reactions

Though generally positive about market conditions, many dealers report they won’t be attending boat shows.

Sportsman Boats Hires CFO

Greg House was previously chief financial officer with Sea Star Solutions and Dometic.

NMMA Reports Strong Boat Sales in 2021

Annual new powerboat sales are expected to exceed 300,000 units for the second consecutive year.

Lowrance Releases Software Update

The software release enables a new sonar feature and autopilot compatibility for Ghost trolling motors and Ghost-compatible MFDs.

Keeping the Sales Team Motivated and Sharp

Here are some strategies from the “Undisputed King of Motivation,” Zig Ziglar, for sales success before, during and after the transaction.

Retired CG Officer Joins Commonwealth PR

Chad Saylor, who served as a public affairs officer, is an account executive with the Virginia-based public relations and marketing firm.