METTAWA, Ill., March 31, 2026 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), the global leader in marine technology, delivered an impressive performance at the 2026 West Palm Beach Boat Show, one of North America’s leading marine trade shows. Two standout achievements defined Brunswick’s presence: Mercury Marine’s continued growth in outboard share and retail sales growth for the Company’s premium boat brands. Mercury Marine captured a record-setting 70% outboard engine share at the show, an increase ...

Twin Vee PowerCats Co. Announces Nautical Ventures as Broward County Florida Dealer Back to the Newsroom Twin Vee PowerCats Co. Announces Nautical Ventures as Broward County Florida Dealer FORT PIERCE, FL / ACCESS Newswire/ March 31, 2026 / Twin Vee PowerCats Co.(Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the addition of Nautical Ventures Group ("Nautical Ventures"), a subsidiary of Vision M ...

Core Insights - Off The Hook YS Inc. achieved record revenue of $119.9 million in 2025, representing a 21.1% increase year-over-year [1][6] - The company sold a record 426 boats in 2025, up 33% from the previous year [1][3] - Revenue guidance for 2026 has been increased to between $150 million and $155 million [5] Financial Performance - Revenue for 2025 increased to $119.9 million from $99.0 million in 2024, driven by higher floorplan limits and increased sales [6][7] - Pre-owned boat sales rose by 20% to $101.7 million, while new boat sales increased by 32% to $14.5 million [6][9] - Gross profit for 2025 was $11.5 million, a 30.6% increase from $8.8 million in 2024 [7][10] Operational Highlights - The average monthly utilization of the company's floorplan financing increased by 78% to $23.4 million in 2025 [6] - The company expanded its national broker network and infrastructure, positioning itself for continued double-digit growth [2][3] - Operating expenses for 2025 were $10.7 million, up from $5.8 million in 2024, primarily due to increased marketing and public company-related costs [11][12] Market Position - Off The Hook Yachts is the largest buyer and seller of used boats in the U.S. and is focused on the pre-owned segment where long-term demand remains strong [1][3] - The company believes it is well-positioned to accelerate growth in 2026, supported by expanded floorplan capacity and increased broker productivity [3][17] Liquidity and Capital Structure - The company completed its IPO in November 2025, raising approximately $13.4 million in net proceeds, which strengthened its balance sheet [7][14] - As of December 31, 2025, cash increased to $12.4 million from $2.93 million on September 30, 2025 [13][14] - Working capital improved to $9.4 million, compared to negative $0.4 million in the previous year [14]

Company Overview - Patrick Industries is a leading supplier of components and building materials to the recreational vehicle, marine, and manufactured housing sectors, leveraging a vertically integrated model to serve OEM and aftermarket customers [6] - The company operates through manufacturing and distribution segments, generating revenue by supplying OEMs and aftermarket clients across the United States, Canada, and China, with a focus on the recreational vehicle and marine industries [8] - As of March 12, 2026, the company's market capitalization is $3.81 billion, with a revenue of $3.95 billion and a net income of $135.06 million [4] Recent Transaction - COO Hugo E Gonzalez sold 13,514 common shares on March 12, 2026, for a transaction value of approximately $1.53 million [1] - This sale represented 28.52% of Gonzalez's pre-trade direct holdings, significantly larger than his previous sale of 1,911 shares in August 2024, which was only 3.88% of his holdings [7] - Post-transaction, Gonzalez retains 33,864 directly held shares valued at approximately $3.83 million [7] Market Performance - The sale occurred amid a 34.7% one-year total return for Patrick Industries, following a strong performance in Q4 with sales growth of 9% to $924 million and a 62% increase in adjusted diluted earnings per share to $0.84 [10][11] - The stock reached a 52-week high of $148.50 in February 2026, driven by strong earnings results and a 17% dividend hike [10] - Despite the strong performance, the price-to-earnings ratio stands at 28, indicating that shares may be considered pricey [11] Strategic Positioning - The company's scale and diversified product portfolio support its ability to address cyclical demand across multiple end markets, positioning Patrick Industries to capitalize on growth opportunities in North American specialty vehicle and housing markets [9]

Core Insights - Vision Marine Technologies is experiencing strong commercial demand for electric boats, which is significantly influencing its production commitments for 2026 [1][2][7] Commercial Demand and Production Commitments - As of March 2026, Vision Marine has substantially committed its electric boat production for 2026 based on existing commercial and retail agreements, with commercial fleet operators making up a significant portion of this allocation [2] - The company has observed increasing commercial activity from operators in various locations, including Florida, California, Virginia, Michigan, and international markets like Melbourne, Australia, indicating a shift towards recurring procurement in the commercial segment [3][4] Adoption of Electric Boats - Commercial operators are increasingly adopting electric boats due to operational benefits such as simplified maintenance, improved uptime, and ease of use in high-utilization environments, which supports recurring demand and enhances consumer awareness of electric boating [5][6] - The integration of electric boats into commercial fleets allows customers to experience the advantages of electric boating firsthand, contributing to broader market adoption [6] Retail and Service Expansion - The integration of Nautical Ventures has expanded Vision Marine's retail and service presence across Florida, enhancing its dealership network and market access in both eastern and western United States [6] - This expanded distribution capability supports both commercial fleet customers and consumer demand, facilitating continued market development [7] Technological Development - Vision Marine has developed the E-Motion™ 180E high-voltage electric propulsion system, which enables commercial operators to access higher-performance electric vessels suitable for revenue-generating applications [8]

Core Insights - Patrick Industries, Inc. has launched "The Experience," a digital design studio aimed at enhancing collaboration and efficiency in the RV, Marine, and Powersports industries [1][2]. Group 1: Overview of The Experience - The Experience is located in Patrick's Design Center and Showroom in Elkhart, Indiana, and facilitates a collaborative design environment for OEMs and customers [2]. - This studio allows for real-time visualization and full-scale prototyping, significantly reducing costs and accelerating product development timelines [2][3]. Group 2: Technological Innovations - A key feature of The Experience is a 50-by-14-foot LED virtual reality screen, which displays products at a true 1:1 scale with high resolution and color accuracy [3]. - The studio introduces Patrick's Digital Twin process, which creates accurate 3D virtual replicas of physical products, enhancing the design process [4]. Group 3: Strategic Goals and Leadership Statements - The initiative reflects the company's commitment to innovation and improving customer service and partnership value [3]. - Company leadership emphasizes the need for smarter, more efficient design methods to meet evolving industry demands [5].

Core Insights - PPG Industries, Inc. has launched PPG InsightsNav, an analytics platform designed to assist shipowners and operators in managing, planning, and optimizing seastock coatings purchasing data [1][8] Group 1: Product Features - InsightsNav addresses the challenge of fragmented and limited historical data in the marine industry, facilitating long-term planning and cost control [2] - The platform organizes coatings purchasing data into a standardized format, enabling informed port selection and strategic order consolidation, which can lead to significant cost savings [2][8] - InsightsNav enhances forecasting and budgeting capabilities based on historical trends, featuring real-time, interactive dashboards for continuous data analysis [3] Group 2: Market Context - PPG's stock has experienced a decline of 7.6% over the past year, contrasting with a 1.3% decline in the industry [5] - The introduction of InsightsNav reflects PPG's commitment to digital innovation, providing predictive insights and identifying cost-saving opportunities for marine professionals [3][8]

Financial Data and Key Metrics Changes - Consolidated net revenues increased by 6% year-over-year, driven by strong performance in the motorhome RV segment, which offset declines in towable RV and marine segments [18][19] - Gross profit improved due to top-line growth and SG&A reductions, resulting in a 51% increase in operating income from the second quarter of fiscal 2025, leading to adjusted EPS of $0.27, a 42% increase compared to last year [18][19] Business Line Data and Key Metrics Changes - Towable RV segment net revenues declined by 9%, primarily due to a shift towards lower price point models and lower unit volume, with an operating income margin of 4.2%, down 20 basis points from the prior year [19][20] - Motorhome RV segment net revenues increased by 29%, with volume momentum across Newmar, Winnebago, and Grand Design brands, resulting in an operating income margin improvement of 270 basis points year-over-year to 2.4% in Q2 [20] - Marine segment net revenues decreased by 3%, primarily due to lower unit volume and product mix, with an operating income margin of 3.7%, down 300 basis points from last year [21] Market Data and Key Metrics Changes - Retail activity in the second quarter reflected a seasonally slower period, with lower comps than the same period last year, impacted by adverse weather events in key regions [10][11] - The RV Industry Association forecasts modest industry shipment growth of approximately 2% year-over-year for calendar 2026, with expectations of improvement in the back half of the year as retail demand stabilizes [11][12] Company Strategy and Development Direction - The company is focused on introducing meaningful new products, particularly in the motorhome RV segment, emphasizing technological differentiation and affordability [6][10] - Strategic focus on driving share in higher value segments such as Class A diesel and Class C diesel reflects the company's aim to enhance retail dollar and profit reach [6][10] - The company is committed to deleveraging its balance sheet and strengthening cash flow to position itself for future capital allocation priorities [10][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging market environment but expresses confidence in the company's ability to protect profitability and manage costs effectively [5][10] - The company is monitoring geopolitical developments closely, particularly in the Middle East, and their potential impact on consumer demand and input costs [28] - Despite current market conditions, management believes in the long-term fundamentals of the outdoor recreation sector, which contributes significantly to the economy [26][28] Other Important Information - The company has made significant improvements in workplace safety and reduced its Scope 1 and Scope 2 emissions by about 15% compared to the 2020 baseline [18] - The acquisition of Lithionics has strengthened the company's competitive differentiation by providing advanced battery power solutions, which are increasingly vital for future growth [9][100] Q&A Session Summary Question: Inventory management and future expectations - Management anticipates a combination of seasonal retail momentum and cautious inventory management to improve inventory turns to the target of 2 turns by the end of the calendar year [30][31] Question: Impact of geopolitical events on consumer demand - Management has not observed any direct adverse effects from the conflict in the Middle East on consumer demand yet but is monitoring the situation closely [32] Question: Weather impacts on retail trends - Management noted that weather events in January and February affected retail activity, but March has shown a healthier retail environment compared to the previous months [36][38] Question: Margin improvement initiatives in motorhomes - Management expects ongoing improvements in margins for the Winnebago motorhome business, with positive impacts anticipated in the coming quarters [86] Question: Update on electric vehicle strategy - The company is not currently pursuing an all-electric motorhome platform but is focused on electrification of house power through its Lithionics brand [55][56] Question: Tax refunds and consumer behavior - Management noted that tax refunds appear to be elevated this year, which could positively impact consumer spending, but it is too early to determine the material impact [94][96]

METTAWA, Ill., March 24, 2026 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), the global leader in marine technology, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2026. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. "Innovation is at the heart of everything we do at Brunswick and the force behind our commitment to redefining the marine industry and delivering transformative experiences ...

Financial Data and Key Metrics Changes - For the full year 2025, net sales increased by 16% to $58.6 million, primarily driven by a 34% growth in the OEM channel [5][18] - Fourth quarter net sales grew by 6.9% to $13.1 million, with OEM revenue increasing approximately 30% year-over-year [17] - Gross profit for the fourth quarter was $2.4 million, with a gross margin of 18.2%, compared to a gross profit of $2.5 million and a gross margin of 20.8% in the previous year [17][18] - Operating expenses increased by 29.9% to $12.6 million, which included one-time expenses due to debt restructuring [18] - Net loss for the fourth quarter was $45 million, compared to a net loss of $9.8 million in the previous year [18] - Adjusted EBITDA improved to negative $11.4 million from negative $18.5 million for the full year [18] Business Line Data and Key Metrics Changes - The OEM channel was a significant driver of growth, with revenue from this segment growing 34% year-over-year [5][18] - Direct-to-Consumer (DTC) revenue declined to $4.7 million from $5.7 million, reflecting ongoing market headwinds and a shift in corporate focus [17] Market Data and Key Metrics Changes - The heavy-duty trucking market is seen as a compelling long-term opportunity, with fleets increasingly focused on reducing fuel consumption and improving operational efficiency [10][11] - The RV market experienced weaker demand in January, but signs of recovery were noted in February and early March [25][26] Company Strategy and Development Direction - The company is focused on strengthening its financial foundation, expanding its commercial footprint, and validating its technology across multiple industries [4] - A strategic realignment of the cost structure was implemented, including a 20% reduction in cash compensation for executive leadership and targeted workforce adjustments [7][8] - The company aims to achieve positive adjusted EBITDA as it approaches an annual revenue run rate of approximately $70 million [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged continued pressure from the broader economic environment, particularly in the RV market, but noted signs of stabilization [19] - The company expects first quarter revenue to be approximately $9.5 million and an adjusted EBITDA loss of $4.6 million, with improved operating leverage anticipated as the year progresses [20][21] Other Important Information - The company has advanced its intellectual property portfolio, now including almost 90 issued or pending patents [6] - The Battle Born DualFlow Power Pack received external recognition with the SEAL Sustainable Product Award, highlighting its environmental benefits [13] Q&A Session Summary Question: RV OEM market outlook - Management noted weaker demand in January but observed recovery in February and early March, with expectations for expanded energy storage capacity among existing OEMs [25][26] Question: Heavy-duty trucking market expectations - Management anticipates a pickup in capital expenditures in the second half of the year, driven by new engine releases and increased fleet commitments [28] Question: DTC business strategy - The company has seen a steady decline in DTC revenue and is focusing on growth in OEM partnerships instead [31] Question: Customer feedback on expanded product lines - Management reported positive feedback on full systems integration, which has led to increased revenue across segments [36] Question: Exposure to lithium carbonate price volatility - While the industry is susceptible to raw material price increases, the company has not yet experienced significant impacts [38] Question: Cash burn outlook for 2026 - Management is focused on reducing spending and improving cash flow, with expectations for better performance in adjacent markets [42]