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

Correct Craft increases revenue 47 percent, best year in company history

On Tuesday, Correct Craft announced that the 2016 model year was the best year in the company’s ninety-one year history. Correct Craft’s growth strategy, which is a combination of internal optimization and targeted acquisitions, resulted in significant growth for the model year ended June 30, 2016 as revenues increased 47 percent and net income increased …
Boating Industry

Lightspeed: Parts revenue down for the first time in 14 months

Boat dealer parts revenue ended its 13-month streak of year-over-year increases in May. Sales were up 1.0 percent over the month of May 2014, according to a report by CDK Global Recreation that uses data from dealers who use CDK’s Lightspeed software. Unit sales and service sales were up while parts sales were down in […]
Boating Industry