Quick Hits: May 22, 2020 - Trade Only Today

Quick Hits: May 22, 2020

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The National Marine Electronics Association has moved its late September NMEA Conference and Expo to the virtual space. “Safety of our members and getting their businesses back on track is our number one priority as we look into the summer and fall,” said NMEA’s president and executive director Mark Reedenauer in a statement. The virtual event will be held September 22-24 and its focus will shift to training and education; organizers expect to have a completed lineup with details on their website by mid-July. 

MarineMax has expanded financial capacity by amending its $440 million credit facility, adding liquidity and extending its term. The company gave a positive business update on spring sales as well. “With approaching warmer weather, it is nice to see the strong interest and positive sales activity that we experienced in April continue, which is a testimony to the demand for the boating lifestyle,” said CFO Mike McLamb in a statement.

Engine room ventilation outfit Delta “T” Systems have made a few additions to their Riviera Beach, Fla. facility. To complement the company’s recent acquisition of a large-format 3-D printer, Lucas Doranth has been hired as mechanical engineer. "We're pleased Lucas joined our team," said Delta “T” Systems president Lynn Oien in a statement, “As we expand our product and service offerings for a wide range of industries, he's the ideal person to lead up our 3-D design initiative."