West Marine reports 44 percent net income increase in Fiscal Year 2016

West Marine, Inc. (NASDAQ:WMAR) reported financial results for the fourth quarter and fiscal year ended Dec. 31, 2016 (“fiscal 2016”). Net income and earnings per diluted share were $ 6.5 million and $ 0.26, respectively, compared to net income and earnings per diluted share of $ 4.5 million and $ 0.18, respectively, last year, representing a 44.6 percent increase in net income. Net revenues for fiscal 2016 were $ 703.4 …
Boating Industry

Zodiac keeping operations in S. Carolina, plans to increase production

Zodiac Nautic North America – a subsidiary of Zodiac Nautic recently re-signed a five-year property lease agreement for their North American headquarters to remain in Summerville, S.C. “This area has provided an ideal location not only logistically but also for talent resources,” said Zodiac Nautic North America President Gary Durnan. “We want to continue our […]
Boating Industry

Economic Snapshot: Consumer confidence declines after September increase

After a moderate increase in September, consumer confidence declined in October. Consumer confidence has been bouncing back and forth for most of the year, but it remains higher than October 2014 when it was 94.5, the highest level the index had seen since 2007 at the time. Consumer confidence Consumer confidence declined in October, which […]
Boating Industry

Brunswick reports 12 percent increase in marine sales

New boats and engines helped marine segment sales grow by 12 percent for Brunswick compared to Q1 2014, the company reported Wednesday. “New engines, boats and fitness equipment are generating market share gains around the world,” said CEO Dusty McCoy. “We are adding plant capacity to meet demands and ramp up production as our sales […]
Boating Industry