U.S. Boat Sales Reached 13-Year High in 2020, Recreational Boating Boom to Continue Through 2021

CHICAGO–(BUSINESS WIRE[1])–With heightened interest in outdoor recreation activities and ways to social distance, consumer demand for new boats surged across the country in 2020. The National Marine Manufacturers Association[2] (NMMA), representing North American recreational boat, engine and marine accessory manufacturers, reports that retail unit sales of new powerboats in the U.S. increased last year by an estimated 12 percent compared...

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Pure Watercraft Closes $37.5 Million Series A Funding Round to Deliver High-Performance Electric Outboard Motors, Leading the Way to Clean & Quiet Boating

SEATTLE, Dec. 18, 2020 /PRNewswire/ — Pure Watercraft, the leader in electric boating technology, has closed a total Series A financing of $37.5M, including a previously-announced $23.4M. The oversubscribed funding round was led by L37, a hybrid venture capital and private equity firm; L37 Managing Partner Randall Ussery will join Pure Watercraft’s board of directors. Driven by its mission to...

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2020 Is a Banner Year for Boat Sales

Outdoors related industries have seen a big boom in business during the global COVID-19 pandemic. People have been searching for ways to get out of their homes without being in stuck in masses at airports, bus stations, and cruise ships. We’ve already covered how RV manufacturers have had to balance shutting down plants while trying to meet the demand for increased...

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Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for First …

Press release content from Globe Newswire. The AP news staff was not involved in its creation. https://apnews.com/press-release/globe-newswire/business-corporate-news-earnings-reports-financial-performance-earnings-82d6642cd646d92cadba77676f1ac6eeClick to copy LOUDON, Tenn., Oct. 16, 2020 (GLOBE NEWSWIRE) — Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its first quarter fiscal 2021 financial results on Friday, November 6, 2020 before the market opens. Following the release, the company’s management...

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