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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.

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CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.

BRP

BRP Reports 71% Increase in Q3 Revenues

The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.

Airmar

Airmar Announces Training Dates

Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.

Norm

The Survey Says …

Surveying customers to find out what they think about your business has never been more important.

1_MDI

Marine Development Inc. Changes Hands

Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.