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

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

Suncoast Boat Show reports largest event since 2001

This year’s 34th annual Suncoast Boat Show at Marina Jack in downtown Sarasota was the largest since 2001 in terms of the number of boats and exhibitors on display, show organizers said. The total number of boats in-water, including new and previously owned boats, was up 5 percent over last year’s show. The number of …
Boating Industry

IBEX 2015 reports solid show

LOUISVILLE, Ky. – Building Better Boats was the theme of the 2015 International BoatBuilders’ Exhibition & Conference (IBEX), which concluded this afternoon at the Kentucky Exposition Center in Louisville, Ky. There were 4,700 total qualified attendees, equivalent to the number of professionals that were at the 2013 event when it was last held in Louisville. […]
Boating Industry

MarineMax reports third quarter 2015 fiscal results

CLEARWATER, Fla. – MarineMax, Inc. (NYSE:HZO) announced results for its fiscal third quarter ending on June 30, 2015. Revenue grew approximately 8 percent to $ 231.8 million for the quarter, compared with $ 214.4 million for the comparable quarter last year. Same-store sales increased approximately 10 percent in what the company considers its traditionally largest quarter of the fiscal year. This growth is […]
Boating Industry

Sea Tow reports increased boater call volume over July 4th weekend

SOUTHOLD, N.Y. –  Sea Tow Services International, Inc., America’s leading commercial on-water assistance provider, reported a 47-percent increase in the volume of calls for assistance received by its national 24-Hour Dispatch Center over the four-day July 4th weekend, July 2-5, 2015, compared with the same holiday weekend period in 2014. “We attribute this to good […]
Boating Industry

West Marine reports increased revenues, lower losses for quarter

West Marine reported improved results for the first quarter of 2015, but is still posting losses. The company reported its financial results for the first quarter ended April 4, 2015, on Thursday. Overall net revenues increased by 12.1 percent over 2014 to $ 127.1 million and comparable-store sales increased by 13.3 percent, although some that increase […]
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