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.” 


‘A Phenomenal Success’

The Southampton International Boat Show had more than 88,000 visitors during its 10-day run, after last year’s cancellation.

TopSide Marinas Makes First Two Acquisitions

Founded in January 2020, the firm has thus far acquired Beavers Bend Marina in Oklahoma and Galveston Yacht Basin in Texas.

Two Boosts for Boating and Fishing

MBIA’s Metro Boat show show draws a crowd, and the U.S. Fish and Wildlife Service expands boating and fishing opportunities.

Norwalk Boat Show Held This Weekend

The NMMA show runs through Sunday at Norwalk Cove Marina in Norwalk, Conn.

Raritan Expands Team

Patrick McNeel joins the New Jersey-based manufacturer as a marine equipment product developer.

Industry Mourns Walter “Bing” Burns O’Meara

The longtime publisher of Lakeland Boating magazine has died at 81.

NMMA Announces Hall of Fame Inductees

Regulator Marine’s Joan Maxwell and Bill Watters of Syntec Industries will be honored at IBEX.

Brunswick Acquires SemahTronix

The supplier of wiring harnesses and other electrical assemblies will be part of Brunswick’s growing Advanced Systems Group.