Quick Hits: October 28, 2020

Ranger Tugs and Cutwater Boats announce dealer awards; Cummins announces 3Q results.
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Pacific Northwest builders Ranger Tugs and Cutwater Boats have announced dealer awards for 2020. For Ranger Tugs, Pocket Yacht Company — with dealerships in Maryland, North Carolina and Florida — was awarded its top domestic dealer; Bellingham Yachts was honored for top sales for Cutwater. Port Boat House, in British Columbia, Canada, was named largest international dealer for both brands. Awards were also given for gold dealer and rookie of the year. The complete list can be seen here.

Revenue at Cummins dropped to $5.1 billion, or by 11 percent in the third quarter, with North American sales declining 18 percent. Engine segment sales were $2.1 billion, down 13 percent from last year. “We are encouraged by the recovery in demand across our markets in the third quarter,” said Cummins chairman and CEO Tom Linebarger in a statement. “We will continue to manage cautiously through the remainder of the year as visibility on future orders remains low and the impact of the virus on economies around the world remains difficult to predict.”

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