Workflow
Boating
icon
Search documents
Malibu Boats Named Official Towboat of the Performance Ski & Surf Gravel Tour
Globenewswire· 2026-02-18 14:40
Core Insights - Malibu Boats has partnered as the exclusive towboat sponsor for the Performance Ski & Surf Gravel Tour, a significant grassroots wake sports tournament series, for the 2026 season [1][3] Company Overview - Malibu Boats, Inc. designs, engineers, manufactures, and markets a range of recreational powerboat brands, headquartered in Loudon, Tennessee [6] Industry Context - The Gravel Tour, founded in 1999, emphasizes grassroots competition to foster the growth of wake sports, bringing together riders of all ages and skill levels [2] - The 2026 season will feature the Malibu M230 towing riders in various divisions, highlighting the importance of performance and consistency for competitive athletes [3] Community Impact - The Gravel Tour serves as a platform for aspiring athletes, with many riders advancing to higher levels of competition after participating in grassroots events [4] - The tour fosters community and family involvement, with an emphasis on building friendships among participants and their families [5]
Chris-Craft elevates the boating experience with a reimagined Launch 27 designed for effortless enjoyment
Globenewswire· 2026-02-09 18:53
Core Insights - Chris-Craft is set to unveil the redesigned Launch 27 at the Miami International Boat Show, showcasing a blend of modern performance and timeless design [1] - The Launch 27 has been a beloved model for over 25 years, known for its iconic silhouette and craftsmanship, now enhanced with richer materials and advanced technology [2] - The redesign aims to integrate the latest marine technologies to improve performance, comfort, and overall user experience [3] Design and Features - The exterior features a sleek sporty profile with stainless steel, teak, and hardware, complemented by a cross-curve glass windshield [4] - The interior prioritizes passenger experience with spacious seating, elevated upholstery, and practical features like large storage compartments and a concealed Bimini top [5] - A new power Bimini option allows for easy deployment, enhancing user convenience [5] Helm and Technology - The helm is designed to provide a sports car-like driving experience, featuring a Garmin 1543 XSV Ultrawide display for integrated audio, navigation, and engine data [6] - The standard audio system includes a Fusion source unit and JL Sport grill M3 speakers, with an optional premium audio system for an enhanced listening experience [6] Company Background - Chris-Craft has a rich history of over 150 years in boat manufacturing, emphasizing craftsmanship and quality [9] - The company is headquartered in Sarasota, Florida, and offers a range of boat models in its 2026 Collection, including the Sportster, Launch, Launch GT, Calypso, and Catalina [9] - Chris-Craft is a subsidiary of Winnebago Industries, a manufacturer of outdoor lifestyle products [9]
Malibu Boats, Inc. to Showcase Lineup of Industry-Leading Brands at the Miami International Boat Show
Globenewswire· 2026-02-05 17:11
Core Insights - Malibu Boats, Inc. will showcase its brands at the Miami International Boat Show (MIBS) from February 11-15, 2026, featuring new models including the Pursuit DC 286 and Pathfinder 2800 Hybrid [1][2][3] Group 1: Event Details - The Miami International Boat Show is a significant event for the global marine industry, where Malibu Boats will present its latest offerings [3] - Attendees will have the opportunity to experience the public debut of the Pursuit DC 286 and Pathfinder 2800 Hybrid on February 11 [2][3] Group 2: Product Highlights - The Pursuit DC 286 is a 28-foot dual console designed for exceptional performance and comfort, filling a key space in the Pursuit lineup [5] - The Pathfinder 2800 Hybrid is a milestone model that combines innovation and performance, featuring several firsts for the brand, including a stepped-hull design for twin engines [8][9] - Malibu and Axis Boats will showcase performance-driven models like the Malibu M230 and Axis T250, emphasizing on-water performance and technology [4] Group 3: Brand Commitment - Malibu Boats, Inc. emphasizes its commitment to innovation, quality, and customer experience, aiming to connect with boating enthusiasts at the show [3] - Cobalt Boats will present a premium lineup reflecting luxury craftsmanship and performance, including models from its acclaimed outboard series [7] - Cobia Boats will debut the all-new 245 CC and 305 CC, focusing on fishing capability combined with family comfort [10]
Vision Marine Technologies Unveils Specter Flagship Electric Tritoon Platform
Prnewswire· 2026-02-02 21:00
Core Insights - Vision Marine Technologies Inc. has launched Specter, a flagship electric 26'6" tritoon platform, which will be showcased at major North American marine industry events [1][2] - Specter is part of Vision Marine's product roadmap and highlights the company's high-voltage electric propulsion strategy [2][6] Product Features - Specter is powered by Vision Marine's proprietary E-Motion™ high-voltage electric propulsion system, featuring an integrated onboard charging architecture for practical electric boating [3] - The platform incorporates advanced foiling technology developed with Hydrofin to enhance efficiency and performance [3] - Specter features a fiberglass monocoque hull and a modern interior layout, providing a premium onboard experience [3] Market Overview - The global pontoon market was valued at approximately USD 8.1 billion in 2024, with a projected compound annual growth rate of about 8.8% through 2031, indicating strong consumer interest [4] - North America holds a significant share of the pontoon market, driven by active participation in lake and river boating [4] Distribution and Support - Specter will be distributed through Vision Marine's network and its wholly owned dealership group, Nautical Ventures, ensuring integrated sales and service capabilities [5][6] Strategic Objectives - The launch of Specter aligns with Vision Marine's strategy to advance electric technology in established boating segments and enhance market visibility [6][8]
Brunswick(BC) - 2025 Q4 - Earnings Call Transcript
2026-01-29 17:02
Financial Data and Key Metrics Changes - Brunswick finished 2025 with net sales of $5.4 billion, up 2% year-over-year, marking the first full-year net sales growth in three years [4][15] - Adjusted earnings per share (EPS) for the year was $3.27, impacted by tariff headwinds, with free cash flow generation reaching $442 million, up 56% year-over-year [4][17] - The company reported a 41% increase in Q4 earnings compared to the prior year, driven by higher sales and operational improvements [15] Business Line Data and Key Metrics Changes - The propulsion segment saw a 23% increase in sales, with double-digit growth across all product categories, driven by strong OEM orders [17][19] - The aftermarket parts and accessories (P&A) business grew sales by 15% in Q4, marking the third consecutive quarter of growth [19] - The boat segment reported an 11% sales increase, with growth across premium, core, and value categories [22] Market Data and Key Metrics Changes - The U.S. retail boat market finished 2025 down approximately 9% in units, while Brunswick's global retail unit sales were down only 5% [3][10] - Dealer inventories remained low, with a high percentage of recent model year products, supporting a favorable retail environment [4][10] - Brunswick's market share in the U.S. outboard segment remained stable at approximately 47%, with gains in higher horsepower engines [11] Company Strategy and Development Direction - Brunswick plans to continue driving operational efficiencies and is encouraged by the strong reception of new products, with a focus on ultra-high horsepower engines [23][89] - The company aims for revenue growth in 2026, projecting net sales between $5.6 billion and $5.8 billion, with adjusted operating margins between 7.5% and 8% [24] - Brunswick's strategy includes significant investments in new product development and technology, alongside returning capital to shareholders [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improved market conditions for 2026, supported by falling interest rates and strong retail demand [5][8] - The company anticipates a flat to slightly up U.S. retail boat market, with expectations for wholesale sales to closely match retail [23][24] - Management noted that tariff mitigation actions successfully offset over half of the gross dollar exposure, with expectations of further incremental tariff costs in 2026 [9][28] Other Important Information - Brunswick's liquidity at year-end was $1.3 billion, including access to an undrawn revolving credit facility [13] - The company plans to retire approximately $160 million of debt in 2026, contributing to a net debt leverage target of 2.5x or lower [29] - Brunswick received multiple awards for its products and innovations at recent trade shows, highlighting its commitment to quality and technology [31][35] Q&A Session Summary Question: What was the retail performance in the fourth quarter? - Management indicated that retail performance was flat, with continued strength in premium and core brands, which represent a significant portion of their portfolio [41] Question: What gives confidence for flat to up retail in 2026? - Management cited expected interest rate cuts and improving retail financing conditions as key factors supporting their outlook for 2026 [43][44] Question: How should we think about inventory levels for 2026? - Management expects pipeline units to be flat to slightly reduced, aiming to match wholesale and retail [46][48] Question: How is the company addressing competitive inventory levels? - Management noted solid ordering and a healthy pipeline, indicating no evidence of dealers holding back on orders [49] Question: What are the dynamics affecting retail sales and replacement rates? - Management highlighted a significant gap between new boat sales and replacement rates, suggesting a natural pull for retail sales [53] Question: How is the propulsion business performing with OEM customers? - Management reported strong performance and share gains in the propulsion segment, with new multi-year agreements with OEMs [61][62]
Brunswick(BC) - 2025 Q4 - Earnings Call Transcript
2026-01-29 17:02
Financial Data and Key Metrics Changes - Brunswick finished 2025 with net sales of $5.4 billion, up 2% year-over-year, marking the first full-year sales growth in three years [4][15] - Adjusted earnings per share (EPS) for the year was $3.27, impacted by tariff headwinds, with free cash flow generation reaching $442 million, a 56% increase year-over-year [4][17] - The company reported a 41% increase in Q4 earnings compared to the prior year, driven by higher sales and operational improvements [15] Business Line Data and Key Metrics Changes - The propulsion segment saw a 23% increase in sales, with double-digit growth across all product categories [17][21] - The aftermarket parts and accessories (P&A) business grew sales by 15% in Q4, marking the third consecutive quarter of growth [19] - The boat segment reported an 11% sales increase, with growth across premium, core, and value categories [22] Market Data and Key Metrics Changes - The U.S. retail boat market finished the year down approximately 9% in units, while Brunswick's global retail unit sales were down only 5% [3][10] - Dealer inventories remained low, with a high percentage of recent model year products, supporting a favorable retail environment [4][10] - Brunswick's market share in the U.S. outboard segment remained stable at approximately 47%, with gains in higher horsepower engines [11] Company Strategy and Development Direction - Brunswick plans to continue driving operational efficiencies and investing in new products, with a focus on maintaining a competitive edge in the market [23][31] - The company anticipates a flat to slightly up U.S. retail boat market in 2026, with expectations for improved wholesale sales to match retail [24][28] - Strategic actions include a focus on new product launches and maintaining strong relationships with OEMs, particularly in Europe [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improved market conditions for 2026, supported by early season retail strength and falling interest rates [5][8] - The company noted that tariff mitigation actions successfully offset over half of the gross dollar exposure, with expectations for further incremental tariff costs in 2026 [9][28] - Management highlighted the importance of maintaining a strong balance sheet and financial flexibility to support growth initiatives [12][13] Other Important Information - Brunswick's liquidity at year-end was $1.3 billion, including access to an undrawn revolving credit facility [13] - The company plans to return capital to shareholders through dividends and share repurchases, with a slight dividend increase anticipated [30] - Brunswick received multiple awards for its products and innovations at recent trade shows, enhancing its brand reputation [35] Q&A Session Summary Question: Retail performance in Q4 and outlook for 2026 - Management indicated that retail performance was flat in Q4, with continued strength in premium and core brands, and expressed confidence in a flat to up retail market for 2026 due to anticipated interest rate cuts [39][41][43] Question: Inventory levels and wholesale vs retail dynamics - Management expects pipeline units to be flat to slightly reduced in 2026, aiming to match wholesale and retail [46][48] Question: Market share opportunities and competitive dynamics - Management believes Brunswick has a long-term structural advantage due to tariffs impacting competitors, with expectations for steady market share gains [88][90] Question: Tariff impacts and financial guidance - Management provided insights on the expected incremental tariff costs for 2026, estimating a $35-$45 million impact, primarily in Q1 [73][79]
Twin Vee PowerCats (VEEE) - 2026 FY - Earnings Call Transcript
2026-01-21 16:02
Financial Data and Key Metrics Changes - Twin Vee PowerCats has a total market cap of under $4 million, indicating a relatively small market presence [6] - The company has produced over 10,000 boats globally, showcasing its experience in the industry [6] Business Line Data and Key Metrics Changes - Twin Vee has acquired 100% of Bahama Boat Works, which is now a part of Twin Vee, enhancing its product offerings [4] - The company operates a new modified 100,000 sq ft facility capable of producing up to 700 units annually, depending on the model mix [5] Market Data and Key Metrics Changes - The partnership with Mercury Marine is expected to elevate the trust and demand for Twin Vee's products, as Mercury is a leading brand in marine propulsion [5][6] - Motor packages account for 20%-35% of the total cost of a boat, highlighting the importance of brand reputation in buyer decisions [5] Company Strategy and Development Direction - The strategic partnership with Mercury Marine aims to relaunch the Bahama brand with a complete model lineup from 21 ft to 41 ft and possibly larger [4] - The company plans to reintroduce the Bahama Boat brand with a focus on discipline, execution, and modern manufacturing [8] Management's Comments on Operating Environment and Future Outlook - Management expresses excitement about the future, emphasizing the potential for growth and innovation under the new partnership [3][4] - The company aims to leverage shared costs and infrastructure to support multi-brand growth without duplicating capital expenditures [7] Other Important Information - The official relaunch of Bahama Boats with Mercury Marine is scheduled for March 25th at the Palm Beach Boat Show [8] Q&A Session Summary - No specific questions and answers were provided in the content.
Twin Vee PowerCats Co. Positions Itself to Capitalize and Ride Industry Growth in the Expanding Catamaran Market
Accessnewswire· 2025-12-16 13:00
Core Insights - The article highlights the positive outlook for the center console power catamarans market, indicating significant growth potential for the industry [1] Industry Summary - A report by DataHorizzon Research projects the global center console power catamarans market to grow from approximately $2.8 billion in 2024 to $4.6 billion by 2033, representing a Compound Annual Growth Rate (CAGR) of 5.7% [1]
X @Forbes
Forbes· 2025-12-06 11:15
Company Overview - Flux Marine 是一家致力于船舶电动化的公司,目标是打造“水上特斯拉”[1] - 该公司已筹集 30 million 美元,用于生产高性能电动舷外机[1] - 产品主要面向价格约为 120 thousand 美元的船只[1] Industry Trends - 电动革命正在进入航海领域,有望告别噪音和燃油废气[1]
X @Forbes
Forbes· 2025-12-03 14:00
Meet the "Tesla for watercraft."After years of research at Princeton, Flux Marine launched to electrify the boating world. They've raised $30 million to build high-performance electric outboards for boats that cost around $120,000.Say goodbye to noise and gas fumes. The electric revolution is officially hitting the sea. Read more: https://t.co/Ks4fxEjCHA #ForbesUnder30 (Photo: Sebastian Nevols for Forbes) ...