Correct Craft touts 2017 model year results

Author:
Publish date:

Correct Craft said the 2017 model year was the best year in its 92-year history.

Correct Craft said its strategy resulted in each of its companies experiencing above-market growth. Overall revenue growth for the 2017 model year was nearly 30 percent.

The company expects the growth to continue in model year 2018, with sales expected to be upwards of $450 million.

Every Correct Craft company not only experienced growth in both sales and profitability, but also undertook significant improvement initiatives.

“I am incredibly proud of our team and both the growth and continuous improvement we are seeing at Correct Craft and each of our companies,” Correct Craft CEO Bill Yeargin said in a statement.

“I am equally proud of the ‘Making Life Better’ culture we have built at Correct Craft and our companies,” Yeargin added. “Our team has fully embraced our culture of using our resources to not only build the world’s best boats and engines, but also to help people in our company, our communities and around the world. We have a very unique company and I am proud to be part of it.”

During the 2017 model year Correct Craft acquired Bryant Boats to round out its portfolio of boating manufacturers.

Additionally, employees from Correct Craft companies participated in numerous service projects in their local communities and internationally, including trips to the Dominican Republic and Haiti.

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.