Weekly 5: Powerboat shipments up 1.8 percent

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com. 1. NMMA: Powerboat shipments up 1.8 percent Wholesale shipments of traditional powerboats were up 1.8 percent through October for the National Marine Manufacturers Association’s […]
Boating Industry

Sixty-six percent of job seekers use family and friends to find work

Finding good applicants for open positions is never easy. Indeed, 47 percent of small businesses report few or no qualified applicants for the positions they were trying to fill. New research suggests attracting these applicants may require rethinking how we find them. A new study from Pew Research Center reported that among Americans who have […]
Boating Industry

MasterCraft sales up 7 percent for quarter

MasterCraft posted a net sales gain of 7 percent and unit growth of 10 percent for the first quarter of fiscal 2016, the company reported Thursday. “We kicked off fiscal 2016 with very strong performance, delivering notable top- and bottom-line increases, and double-digit unit volume growth,” said Terry McNew, MasterCraft’s president and CEO. “These gains were […]
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

Economic Snapshot: GDP grows 5.0 percent, highest rate in 11 years

New home sales are unfortunately down from the previous year, but hopefully the strongest GDP growth in over a decade and some positive year-over-year gains in existing-home sales will keep everyone feeling cheerful for the holidays. GDP Third-quarter GDP was revised much higher than last month’s estimate, now reporting an increase of 5.0 percent for […]
Boating Industry

Unemployment drops to six-year low of 5.8 percent

The U.S unemployment rate dropped to 5.8 percent, it’s lowest level since July 2008, as the economy added 214,000 jobs in October, the Bureau of Labor Statistics reported Friday. Job gains were also revised up for August and September, making October the ninth consecutive month of 200,000+ jobs gained and 49th consecutive month of job […]
Boating Industry

Chaparral, Robalo parent reports 9.7 percent sales drop

Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended September 30, 2014.  Marine Products is a leading manufacturer of fiberglass boats under two brand names: Chaparral and Robalo. Chaparral builds sterndrive, outboard and jet drive pleasure boats, including H2O Sport and Fish & Ski Boats, SSi and SSX Sportboats, Sunesta WT […]
Boating Industry