Quick Hits: October 27, 2020


Caterpillar reported revenue of $598 million, a 20 percent decline in the third quarter, with profits plunging 63 percent to $48 million from $81 million in the same quarter last year. The company attributed the decline to lower average financing rates and lower average earning assets. "The Cat Financial team delivered solid results in the third quarter while managing customer challenges from Covid-19 and the remaining Caterpillar Power Finance portfolio," said Cat financial president Dave Walton said in a statement."We saw modest improvement versus second quarter 2020 for most key business drivers, and Cat Financial remains well-positioned to serve Caterpillar customers and dealers worldwide through financial services solutions."

Camper & Nicholsons had added Benjamin Bensahel as sales advisor in its Monaco office. Bensahel joins the 238-year-old company after serving as a broker in the South of France and Monaco for several years. “Benjamin can now feel the pulse of the fast-moving Yacht Brokerage division at Camper & Nicholsons and build his skillset even further,” the company said in a statement.

The Water Sports Foundation has named seasoned outdoor journalist Jeff Moag as content director. The former editor-in-chief of Canoe & Kayak, Moag has also freelanced for Adventure Journal, Outside, Men’s Journal, and the Washington Post. A lifelong waterman, Moag is an experienced sailor, whitewater and sea kayaker and is trained in swift water rescue. For the last two years he’s directed non-profit boating safety efforts for the WSF. “The Water Sports Foundation has been a leading voice for boating and paddling safety for nearly a decade,” Moag said in a statement. “I’ve been privileged to assist in this important work…seen the positive impact of these campaigns first-hand, and I’m thrilled to take a larger role as the WSF continues to expand its innovative safety content and build its online and social media presence.” 


Viking Holds Vaccination Event

The New Jersey-based builder is working with local healthcare providers to offer Covid-19 shots to employees and their families.

Bellingham to Supply Dock for Superyacht Marina

Bellingham Marine will design and install a floating concrete dock system at Hurricane Hole Superyacht Marina in the Bahamas.

Off the Charts

Even as builders faced order backlogs and product shortages, registrations continued to soar in March.

Maverick Boat Group Expands

The Florida-based builder plans to increase production capacity by 30 percent and add 150 new jobs.

Polaris Names CEO and CFO

Previously interim executives, Michael Speetzen was named the CEO and Bob Mack the CFO of the Minnesota-based powersports company.

Sanlorenzo Reports Q1 Financials

The Italian builder continues to gain market share and expects to debut five models at Cannes in September and launch three new lines in 2022.