Skip to main content

Canadian builder completes expansion

Kingfisher

KingFisher Boats said it completed the expansion its production facilities. GlobalNews.ca reported that the British Columbia-based boatbuilder needed more space to accommodate the production of larger boats.

“Economic indicators are working in the boating industry’s favor — a stable housing market, strong consumer confidence, growing disposable income and consumer spending, and low interest rates all contribute to a healthy recreational boating market,” Mark Delaney, director of sales and marketing, told the paper.

KingFisher builds 34 aluminum models for lake, river and ocean markets. It distributes the boats throughout Canada and exports to dealers in California and Alaska.

“The move to bigger boats is popular, as they allow us to add family features while retaining the core fishing features that are critically important to our buyers,” Delaney said.

KingFisher employs 150 people in Vernon. It plans to hire an additional 15 workers for the expanded facility.

Related

1_YEARGIN

Business for Good

Companies have a unique platform to make people’s lives better through products and services, how we treat employees and the kind of advocate we are for our industry.

DOMETIC-EARNINGS

Dometic Posts Sales Increase for Q4

Net sales of $596 million were up 11% compared with the previous-year quarter, and profit was reported at $2.6 million.

NEPTUNE-AWARDS

Marine Marketers to Present Neptune Awards

The group will hand out its annual honors during the Miami International Boat Show in February.

MARINEMAX-EARNINGS

MarineMax Releases Q1 2023 Results

Record revenue of $507.9 million was a 7% increase over the previous year, and the growth was driven primarily by acquisitions, including IGY Marinas.

VOLVO-EARNINGS

Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.

Pulse-Report

DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.