DDC reports record 4th-quarter earnings
Article Abstract:
Detroit Diesel Corp has reported a 4% increase over 1997 revenues to $2.3 billion in revenues for the FY ended on Dec 31, 1998. The overall financial performance of the company was attributed by its chairman, Roger Penske, to a strong 4th qtr 1998 performance. Robust demand for the company's Series 60 engine shipments were offset by anticipated reductions in two-cycle and automotive engine deliveries during the year, while Penske noted that a focus on operations improvements not only contributed to excellent earnings but had also laid the foundation for further improvements.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 1999
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Interest by Wall Street benefits mom-and-pops
Article Abstract:
Sweeping consolidation in the highly fragmented marina industry has not occurred as predicted in the mid-1990s, yet Wall Street investors have not lost their interest in the market. Marinas remain a cottage industry populated largely by 'mom-and-pop' operators, and this fact has led some high profile institutional investors to focus on roll-up opportunities. Furthermore, many factors continue to favor a consolidation by one or more of the industry's leading operators.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 1999
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BellPort gets bigger
Article Abstract:
Newport Beach, CA-based marina management company BellPort Group has added Newport Beach, CA-based Lido Yacht Anchorage to its management portfolio. Lido Yacht Anchorage has 500 wet slips, each of which is up to 100 ft in length, and a 150-slot dry-stack operation. It is the fifth Newport Beach marina to join BellPort, which also operates Bayshore Marina, Bayside Marina, Balboa Marina and Villa Cove Marina. These four marinas collectively have 500 slips.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 1999
User Contributions:
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