SeaArk Boats says it remains profitable - Trade Only Today

SeaArk Boats says it remains profitable

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SeaArk Boats, a builder of recreational aluminum boats, wants the industry to know that it is enjoying solid sales and remains up and running despite the recent announcement that its sister company, SeaArk Marine, will temporarily suspend acceptance of new boat orders.

SeaArk Marine builds work and patrol boats for the military and government agencies, as well as commercial boats for industrial markets.

Because of sporadic and extremely low sales figures for nearly 24 straight months, SeaArk Marine announced that it will attempt to “ride out” the effects of the current market until substantial improvements in the government and industrial marine sector become apparent.

Conversely, SeaArk Boats has enjoyed solid sales for the last 12 months and has just finished a record year, the company said.

SeaArk Boats and SeaArk Marine are two different companies and operated by separate management teams in different locations. They build completely different products, and although SeaArk Marine sells direct to its end user, SeaArk Boats distributes recreational products to consumers through an authorized dealer network across the United States.

“The confusion can happen because of the shared ‘SeaArk’ part of the name of our two companies and also because of the same family owning both companies,” SeaArk Boats president Robin McClendon said in a statement.

“We want to reassure our dealers and customers that SeaArk Boats continues to enjoy solid sales and profits and has no plans to cease operations or change the way we are currently doing business,” she added. “We have new models and options planned for introduction at our upcoming dealer meeting and in-water show in mid-September.”

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