Winnebago Industries, Inc. (NYSE: WGO), a leading outdoor lifestyle product manufacturer, has reported financial results for the Company’s Fiscal 2022 first quarter. The company reported record first quarter revenues of $1.2 billion, an increase of 46%, including robust organic growth of 38%.
According to a story in Marine Industry News Boundary Layer Technologies, a California-based marine technology startup, has launched its fully electric hydrofoiling ferry concept design.
As part of a cohesive rebranding, ProSpec Electronics has updated its logo, marketing collateral and feature-laden website. The domain for the manufacturer and supplier of Milennia, MPro, JBL and Infinity outdoor stereo solutions for boats, UTVs and golf cars remains www.prospecelectronics.com.
For the 11th consecutive year, Mercury Marine, a division of Brunswick Corporation (NYSE:BC), has earned a Green Masters designation from the Wisconsin Sustainable Business Council (WSBC). Once again, Mercury achieved a score within the top 20% of all applicants to earn the designation.
Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world’s largest and most innovative marine electronics manufacturer, has announced it was awarded a 2021 National Boating Industry Safety Award from the Sea Tow Foundation, honoring Garmin’s commitment to boating safety through its product innovations and dedicated promotion efforts.
ePropulsion, a global leader and market challenger in marine electric propulsion systems and services, announced today tremendous growth in sales in the U.S. market. Driven by their model year 2021 product launch in January and an intense focus on expanding their dealer network, ePropulsion has grown its U.S. dealer network by 60% in 2021.
Last week in my Boating Industry Canada News Week Editor’s Message I asked, “What is your plan for managing Canada’s new Luxury Tax on boats?” Please take a few minutes to answer the short survey we have prepared. The link is at the end of this message.
Mustang Survival®, the North American brand known for innovative solutions for the most demanding marine environments, is excited to announce the acquisition of the Government & Commercial Marine business of Stearns®.
Despite the challenges of the Covid-19 pandemic, Greenline Yachts is closing 2021 with a record in yacht deliveries and earnings. The company has been generating revenues of approximately €30 million this year, the highest level recorded in the boat builder’s history.
Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC) and the world’s largest boat club, announced its 300th location within the Freedom network. The newest location represents Freedom’s 18th location in the Boston and Cape Cod market co-owned and operated by franchisees Matt Carrick and Matt O’Connor.
On December 8th, Swedish tech firm Candela — known for cracking the code for long-range electric crafts and topping electric boat sales — has announced it has raised €24M, led by EQT Ventures, with participation from existing investor Chris Anderson, the Curator of TED.
Three of Brunswick’s leading brands within its boat group portfolio – Bayliner, Boston Whaler and Sea Ray Boats – were all recognized internationally as winners of the 2021 Boat of the Year Awards by Moteur Boat Magazine, France’s leading nautical publication.
Nominations are now being accepted for the 2022 National Marine Manufacturers Association (NMMA) Canada Hall of Fame. Inductees in the NMMA Canada Hall of Fame include those who have, or those who continue to, generate substantial and lasting contributions toward the advancement of the marine industry.
Organizers of the Toronto International Boat Show (TIBS) have announced that the annual event, scheduled to be held in-person, has cancelled for 2022.
I believe that the impact of Canada’s new Luxury Tax on boats may have a general dampening effect on a far wider range of new boat buyers than just those buying above the $250,000 threshold because they will simply see that the government is targeting boat buyers for added taxes.
Sirius Signal, the leader in marine safety innovations, is pleased to announce that Transport Canada has approved the use of its flagship electronic visual distress signal device (eVDSD) as a nighttime distress signal for pleasure craft.
The board of directors of the Alliance de l’Industrie nautique du Québec – Nautisme Québec is proud to announce the appointment of Ms. Josée Côté as their new General Manager. “Josée’s dynamism will bring a breath of fresh air to Nautisme Québec.
Mercury Marine, a division of Brunswick Corporation (NYSE: BC) has announced that it will open a centralized, purpose-built, distribution center to support its industry leading parts and accessories business.
Mercury Marine®, a division of Brunswick Corporation (NYSE: BC), and EagleCraft Custom Boats in British Columbia have jointly announced the first installation of twin Mercury 7.6-liter V12 600hp Verado outboards on a boat by a Canadian manufacturer. At a customer’s request, the boat builder equipped its 38’ Cruiser model with the new outboards.
Boating Industry announced its 2021 Top 100 dealers during a black-tie gala in November on the final evening of the ELEVATE Summit in Atlanta, Georgia.