Skip to main content

Survey shows slowdown in manufacturing

Twin Disc said its recent quarterly income fell 87 percent to $1 million, or 9 cents a share, from $7.59 million, or 66 cents a share, a year earlier.

The manufacturer of power transmission equipment for the marine and petroleum industries blamed some of the poor results on softening demand for its oil-field products and weakness in its Italian megayacht business, according to a report in the Milwaukee Journal Sentinel on manufacturing and political uncertainties.

"The slowdown in the North American oil and gas markets will impact sales and profitability, and we remain cautiously optimistic about the outlook for fiscal 2013," Twin Disc chairman and CEO Michael Batten said in a statement.

According to data from a monthly survey of manufacturers released Tuesday by Marquette University and the local chapter of the Institute for Supply Management, a measurement of new orders at manufacturers in the southeastern Wisconsin and northern Illinois areas was 41 in July, down from 55.8 in June, while the employment index was 51.3, down from 73.8 in June.

Doug Fisher, director of the Center for Supply Chain Management in Marquette University's College of Business Administration, said he was disappointed with the results but not surprised, as similar national figures fell in June.

"We are all in the same ocean together," Fisher told the paper. "Companies want to know more if they're going to make investments."

Click here for the full report.



Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.


NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.


DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.


EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.


Beneteau Reports Significant H122 Growth

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.

1_WINTRON copy

Wintron Announces Virtual Show

The electronics distributor will hold its distributor show Nov. 2-9, allowing dealers to interact with sales representatives via phone, email or online chat.


Rays of Light

A key indicator of U.S. consumer confidence rose for the first time in four months in August as the economy added 315,000 jobs.


Yanmar Announces Sales, Marketing Hires

The company has hired Bas Eerden as global sales manager and Michele Durkin as global marketing manager.