WEDNESDAY, OCTOBER 30, 2024   |   SUBSCRIBE    ARCHIVES   
Six of the last seven year-classes since 2015 have been below average, with only the 2018 year-class being above average.
When setting a minimum size limit for each sector, NOAA considers what size will allow catching the largest amount of fish while also allowing the stock to replace those fish each year.
The Waypoint Podcast Network is redefining how brands engage with a passionate and diverse community of outdoor enthusiasts.
Ever Green’s new DXV-18 – part of the DD X-Over family – is a beautifully engineered crossover lure, merging the body shape and actions of a crankbait and jerkbait.
The Missouri Department of Conservation’s (MDC) annual winter trout program begins Nov. 1 following the stocking of nearly 10,400 rainbow trout in five southeast Missouri waters
Spotted seatrout will be closed to recreational harvest Nov. 1 through Dec. 31 in the spotted seatrout Central East Management Region, which includes all state and federal waters from Palm Beach through Volusia counties.
Marinas, waterfront restaurants, businesses, boat clubs and first responder organizations wishing to have an impact on boating safety in their home waters can apply now to become a BoatUS Foundation Kid’s Life Jacket Loaner program site.
The reopened section extends for 46 miles from Saginaw Bridge on Skinner Meadows Road to the river’s confluence with the North Fork of the Big Hole River.
The Marine Resources Division of ADCNR reminds anglers that the recreational harvest of greater amberjack in federal and Alabama state waters closes November 1, 2024, and the harvest of flounder also closes in state waters Nov. 1-30 to protect spawners.
Florida, Georgia, North Carolina, South Carolina, Virginia, and Massachusetts have formally objected to the proposed expansion of the 2008 North Atlantic Right Whale Vessel Strike Reduction Rule – commonly called the vessel speed rule – raising concerns over its impact on coastal management, local communities, and businesses.
The Gulf of Mexico Fishery Management Council’s Recreational Initiative is an effort to evaluate past and current recreational reef fish management strategies and explore potential innovative management approaches that could be applied in the future.
Northland Fishing Tackle’s Fire-Fly Jig and the original Flu Flu feathered jig are reliable fish catching machines and available in an array of colors.
Gary Moreno and Tony Viator won the Yamaha Bassmaster Redfish Cup Championship presented by Skeeter at Apalachicola Bay with a three-day aggregate total of 32 pounds, 9 ounces.
Dan McDonald, President and CEO of Yakima Bait Company, received the Outstanding Leadership Award. Additionally, Pat Neu, Executive Director of the National Professional Anglers Association (NPAA) was recognized with the Lifetime Achievement Award. Lastly, Stephanie Vatalaro, Senior Vice President of Strategy & Operations at the Recreational Boating & Fishing Foundation (RBFF), was honored with the inaugural Inspire Award.
The IGFA Great Marlin Race is a billfish research and conservation initiative allowing recreational anglers to become citizen scientists by deploying satellite tags on the billfish they catch.
B.A.S.S. officials have announced the schedule for the revamped 2025 St. Croix Bassmaster Opens presented by SEVIIN, and the schedule features eight events — including some vintage tournament stops for the organization — across two divisions.
The transaction provides Pure Fishing with additional long-term capital as the Company continues its growth trajectory.
Through this effort local partner organizations will be able to help Florida Hispanic youth and families learn about ethical angling, conservation, fishing gear and fishing basics to help create confident and responsible anglers.
In an effort to clean up the nation’s coasts and Great Lakes and rid shores of abandoned and derelict vessels (ADVs), the BoatUS Foundation for Boating Safety and Clean Water is creating a new national ADV database in partnership with the National Oceanic and Atmospheric Administration (NOAA) to track these environmental and navigation hazards to help facilitate removal.
The 2024 Red Drum Benchmark Stock Assessment indicates the northern stock of red drum (New Jersey through North Carolina) is not overfished and not experiencing overfishing, while the southern stock (South Carolina through the east coast of Florida) is overfished and experiencing overfishing.
In conjunction with Tampa Bay Watch and the Duke Energy Mariculture Center, CCA Florida is kicking off the Fred Crabill Fantasy Island Living Shoreline project November 16 from 9 a.m. to noon.
Building on the success of Berkley’s lifelike, pre-rigged, HD bait lineup, the PowerBait Clatter Craw introduces a new level of craw performance with rattles embedded in its claws.
Garmin Ltd. has announced it has acquired Lumishore, a privately-held company that designs and manufactures high-performance above and underwater LED lighting systems for boats.
There are some positive short-term (2021-2023) signs of population growth including reduced mortalities and increased births, with the total now estimated at 370.
For the second year in a row, Tennessee’s Rus Snyders has won the Dakota Lithium Bassmaster Kayak Series Angler of the Year title, accumulating 730 points throughout the five-event season.
These grants are designed for fishing programs, classes and activities committed to educating and engaging diverse, multi-generational, bi/multi-lingual participants new to fishing, boating and aquatic stewardship in California.
New for Fall 2024, Huk introduces the Wave Collection, designed for female anglers who demand style in their cold-weather gear.
FWP first became aware of the incident when videos posted online showed side-by-sides driving in the Big Hole River at Salmon Fly Fishing Access Site near Melrose.
Yamaha Rightwaters is a new International Game Fishing Association (IGFA®) sponsor, lending support to the IGFA Passport to Fishing Program and the IGFA Great Marlin Race.
The monster musky first made a pass at a 3-pound smallmouth on the hook--then grabbed St. Croix angler Joe Raymond's lure.
MDC will hold an Introduction to Knot Tying program Wednesday, Nov. 6 from 11 a.m. – noon. It will teach helpful—perhaps even essential—skills.
St. Croix ambassador Kyle Grover of Rancho Santa Margarita, California averaged more than 20 pounds over three days of competition to earn 3rd place in the U.S. Open and top spot in the WON Bass 2024 Angler of the Year points race.
The Louisiana Department of Wildlife and Fisheries (LDWF) and Bogue Chitto State Park invite you to?Get Out & Fish! with us on Sunday, November 3rd, at Bogue Chitto State Park in Franklinton, Louisiana.
Mussels are indicators of the quality of their environment, especially the water quality, which translates to the health of the entire ecosystem.
The Wisconsin Department of Natural Resources (DNR) announced today that silver carp, an invasive species, have been detected in portions of the lower Chippewa River and lower Black River in western Wisconsin.
Suspending jerkbaits like the Stunna, available in three sizes, are deadly for fall and early winter largemouths--and they show up well on forward-facing sonar.
B.A.S.S., the worldwide authority on bass fishing, and Castaway Coffee have partnered to offer the B.A.S.S. Kickin’ Blend, an exclusive, highly caffeinated coffee boasting nearly twice the amount of caffeine as a regular cup of coffee.
Michael Frenette won the Elite Solo Tour National Championship and Angler of the Year, pushed primarily by a massive slot red over 9 pounds.
DNR staff will present the latest smallmouth bass survey and research data and gather feedback on a proposed regulation change to expand the catch and release season. Attendees are encouraged to share ideas, experiences and input on smallmouth bass management for Green Bay and northern Lake Michigan.
Lowrance® has announced the expansion of its Elite FS ® line with new 10 and 12-inch display sizes, giving anglers access to the full line-up of Lowrance fishfinding tools, including live sonar on a larger screen, at an attractive price point.
 

Boats and marine motors are a painfully cyclical business, with sales booming in good times, slumping rapidly in bad. We are apparently in the latter at present, based on multiple quarterly reports coming in from around the industry.

Part of the problem is a remaining hangover from the covid boom, when many dealers ordered huge inventories as sales went off the charts. The boom came to a screeching halt, and now many yards still have boats and motors they can’t get rid of, so they’re not ordering more from the manufacturers.

Brunswick is a case in point. The company just reported consolidated net sales of $1.27 billion, a decline of 20.1% from $1.6 billion in the year-ago quarter. Adjusted operating earnings were down 45.3% to $125.9 million. The company’s Mercury Marine subsidiary laid off 1,700 workers at the main Fond du Lac plant in July. 

But all the news was not bad. 

“Our businesses delivered solid results as our continued market share gains, wealth of new products and expanded contribution from recurring revenue businesses resulted in third quarter financial performance in line with expectations despite the challenging marine market,” CEO David Foulkes said in a statement.“We continue to tightly manage field inventory across all our channels, and have adjusted production accordingly yet are still gaining or maintaining share in key categories, including U.S. outboard engines.

However, the propulsion segment reported a 32% decrease in sales. Additionally, operating earnings were below the prior-year quarter due to lower sales and the impact of absorption from decreased production levels. 

Navico Group’s sales—including Lowrance products--were down 14%, driven by reduced sales to boatbuilders due to lower production levels.. 

“With the majority of the retail selling season behinds us, the 2024 U.S. marine retail market is trending to our most recent forecast of down approximately 10%, with wholesale production of boats and engines down more significantly,” Foulkes said in the statement. 

Nimbus Group (which produces and markets powerboat brands including Alukin, Aquador, Bella, Nimbus and U.S. builder EdgeWater) says its sales have decreased by 20 per cent during the third quarter 2024. The business has tied up a lot of capital due to low demand, which has also had a negative impact on its cash flow.

“The weak market trend of recent years is the type that affects our industry periodically, which we have learned from our many years in the business,” says Jan-Erik Lindström president and CEO introducing the quarter’s results (the full report is online). “Another lesson we have learned during these periods is to adapt and prepare for the market when it rebounds, which always happens sooner or later.”

Thus a decision was made to reduce production capacity in Finland. Lindström says that management must be capable of taking decisive action. “That said, it is not done lightly, because it affects people’s daily lives.

“However, on the other end of the scales the daily lives of many more people are at stake, because no company can be successful in the long term if it is unable to adapt.

What Lindstrom did not mention is that there are now a half-dozen or more brands competing in what was a brand new segment just a few years  back, the “Nordic Craze” that combined a different look with impressive performance, smooth ride and minimal horsepower requirements, primarily coming from Jan-Erik Viitala’s Axopar first.

Volvo Penta’s net sales for Q3 2024 decreased 5 per cent compared to the same period in 2023. The company says the decrease was largely driven by lower demand for smaller engines, with net order intake falling by 18 per cent and deliveries decreasing by a similar margin.

Grand Banks and other builders of large yachts have not been impacted by the slump in the marine business seen for smaller boats and the motors to power them. (Grand Banks)

As is often the case, large yachts were less impacted by the slump—potential customers for these boats are more likely to have plenty of discretionary funds to buy whatever they want despite economic slumps. 

Grand Banks, builder of trawler-type world-ranging yachts, just reported quarterly profit rose 95% year-over-year to $4.1 million, and revenue rose 29.1% to $30.3 million. Gross profit margin for the quarter remained stable at 32.6%. The company reports some $88 million in orders for new boats in 2025-26.

While there’s more than enough bad news in the industry to go around, odds are good that the pendulum will swing the other way—perhaps after the election—and good times will return to those who build boats and motors as well as to those of us who use them.

— Frank Sargeant
Frankmako1@gmail.com

 
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