Chaparral is built in Georgia by its publicly traded parent company, Marine Products Corp. Founder Buck Pegg and president Jim Lane have led the company since its inception in 1977. Chaparral builds seven models, including sportboats, sport decks, towboats, cruisers and sport yachts.
“Many issues facing the marine industry are decided in Washington D.C.,” says founder Buck Pegg.
Marine Products Corp. said its 22 percent drop in Q4 revenues came after it aligned production with dealer inventory levels.
Augmented reality could disrupt the market by offering immersive experiences to buyers in the comfort of their homes.
Sterndrive sales continue to drop, though outboard models have increased.
The record quarter is a mixed bag: Units sold down 7 percent, price per unit up 10 percent.
But the parent of Chaparral and Robalo said demand for smaller boats dropped while labor costs rose.
Georgia Republican joins Congressional Boating Caucus
Tariffs and labor caused the company to see declines.
The parent of Chaparral and Robalo said it purchased nearly 170,000 shares during the fourth quarter.
Polaris and Marine Products Corp. were dropped from “buy” to “neutral,” and “buy” to “sell,” respectively.
Parent company of Chaparral and Robalo is ranked at 73.
The parent of Robalo and Chaparral said its order backlog is higher than a year ago, reflecting dealer optimism about 2019 market demand.
Chaparral and Robalo boats honored top dealers for the 2018 model year at their 2019 dealer conference held August 16 at the Ritz-Carlton on Lake Oconee, Georgia.
Marine Products Corp. reports a record quarter, with net sales of more than $87 million.
Chaparral and Robalo boats parent company Marine Products Corp. saw net sales in the first quarter increase 9.1 percent to $77.5 million, the result of selling larger boats than in 2017.
Chaparral and Robalo Boats said it has promoted Ryan Swaims to marketing director.
Marine Products Corp. generated net sales of about $5.9 million, a 6.9-percent increase over last year’s earnings of just over $5.5 million.
Shep Brown’s Boat Basin will become the Chaparral Boats and Vortex Jet Boats dealer on Lake Winnipesaukee in New Hampshire.
Marine Products Corp., builder of Chaparral and Robalo boats, saw a 9.9 percent increase in net sales.
Chaparral Boats and Robalo Boats awarded $60,000 in college scholarships to six graduating seniors.
Chaparral Boats teamed with Volvo Penta to open the Surf Expo 2016 with a private demonstration of a wakesurf boat that Chaparral recently introduced.
Chaparral Boats will be the first to offer Malibu Boat’s wake-surf technology on sterndrive boats.