Garmin reports first quarter 2017 revenue and earnings growth

Garmin Ltd. (Nasdaq: GRMN – News) announced results for the first quarter ended April 1, 2017. Highlights for the first quarter 2017 include: Total revenue of $ 639 million, growing 2 percent over the prior year, with marine, outdoor, aviation and fitness collectively growing 12 percent over the prior year quarter and contributing 75 percent of …
Boating Industry

Brunswick reports 8.4 percent sales growth for quarter

This story will be updated after the Brunswick earnings call Thursday morning. Brunswick Corp. on Thursday reported sales growth for the first quarter of 2017, with 14 percent growth in boat sales leading the way. “Our first quarter revenues increased by 8 percent,” said Brunswick Chairman and CEO Mark Schwabero. “Our top line reflected strong …
Boating Industry

Protomet celebrates 20th anniversary with expansion, growth and new products

Protomet Corporation, an Oak Ridge, Tenn.-based engineering, manufacturing and technology company, is celebrating its 20th anniversary with new products, new equipment, expansion and rapid growth. In the past 12 months, Protomet has invested more than $ 4 million in new equipment to expand capabilities including a multi-pallet 5-axis machining center, which the company says brings a …
Boating Industry

IBEX/METS partnership means growth, larger international presence

At the annual IBEX Industry Breakfast in October, show organizers announced that the owners and producers of METS would be the new co-owner of the annual IBEX show. RAI Amsterdam has purchased a 50 percent stake in IBEX from WoodenBoat Publications Inc., publisher of Professional BoatBuilder magazine and will now be an equal partner with …
Boating Industry

Boat sales continue growth in November

Year-over-year growth in boat sales held steady in November, with the strongest growth in fishing and ski boats, according to the latest Info-Link Bellwether report. According to Info-Link, the Bellwether report tracks sales of powerboats across the country based on new U.S. boat registrations on a rolling 12-month basis. Bellwether states are geographically dispersed states …
Boating Industry

Final numbers show growth for MDCE 2015

Final tabulations have been completed, and it’s official: the 2015 Marine Dealer Conference and Expo featured more than 4 percent growth in retail attendance, a 21-percent jump in Pre-Conference Workshop registrations, and a sold-out Expo Hall with more than 100 exhibitors. A total of 1,147 marine industry professionals from throughout North America and as far […]
Boating Industry

Info-Link: February boat sales continue growth trend

Powerboat sales continued their upward climb in February, according to the latest data from Info-Link. February sales were up almost 10 percent year-over-year on a rolling 12 month basis, putting some data behind the anecdotal reports of a strong start to boat show season. The Bellweather report tracks boat sales across the country based on […]
Boating Industry

Industry career day comes on the heels of boating growth

NEWPORT, R.I. — Marine & Composites Industry Career Day, which takes place on March 7 in Newport, comes on the heels of good news in the marine trades. According to the National Marine Manufacturers Association (NMMA), the start of 2015 marks three consecutive years of steady growth in the boating business. Paired with that growth […]
Boating Industry