Sector Spotlight – Second Quarter Recreational Products Updates

Updated as of 8:00 AM CST on July 22, 2020

Earnings preannouncements

• BRP Inc.: BRP TO INCREASE MANUFACTURING CAPACITY IN MEXICO TO MEET SIDE-BY-SIDE VEHICLES DEMAND (7/2/2020)
• OneWater Marine: OneWater Marine Inc. Provides Business Update (6/3/2020)
• LCI Industries – LCI Industries Announces Preliminary Second Quarter 2020 Sales Results

Guidance – qualitative, quantitative, time frame, etc.

• BRP Inc.: BRP TO INCREASE MANUFACTURING CAPACITY IN MEXICO TO MEET SIDE-BY-SIDE VEHICLES DEMAND (7/2/2020)

COVID impacts

• Brunswick Corp.: RV Sales Surging as Buyers Look for New Ways to Travel (7/1/2020)
• MarineMax: Boat, RV dealers ride sales surge (7/1/2020)
• OneWater Marine: Re-payment of executive salaries (7/3/2020)

BLM impacts

• BRP Inc.: BRP Donates $150,000 to the National Society of Black Engineers
• Harley Davidson: Letter from the CEO
• Polaris Inc.: Scott Wine signs CEO Action Pledge for Diversity & Inclusion
• Thor Industries: CEO statement on current events and diversity & inclusion

Liquidity Announcements

• MasterCraft: MasterCraft Boat Holdings, Inc. Announces Partial Repayment of Revolving Credit Agreement (7/1/2020)
• OneWater Marine: OneWater Marine Inc. Announces a Successful Debt Refinancing (7/22/2020)
• Winnebago Industries: Winnebago Industries Announces Pricing of $300.0 Million Aggregate Principal Amount of Senior Secured Notes (6/30/2020)

Dividend Announcements  

• Brunswick: Brunswick Corporation Declares Quarterly Dividend of $0.24 per share. (7/21/2020)
• Camping World Holdings: Camping World Holdings Announces 12.5% Increase in Quarterly Dividend (7/20/2020)

Additional Announcements

• BRP Inc.: BRP TO INCREASE MANUFACTURING CAPACITY IN MEXICO TO MEET SIDE-BY-SIDE VEHICLES DEMAND (7/2/2020)
• Brunswick Corp.:Schedules Second Quarter Earnings Conference Call July 30 (7/9/2020)
• Harley Davidson: HARLEY-DAVIDSON ANNOUNCES REWIRE PROGRESS, NEW OPERATING MODEL AND LEANER ORGANIZATION TO DRIVE FOCUS AND EFFICIENCY (7/9/2020)
• MarineMax: MarineMax Expands Financial Services Business (7/8/2020)

Monitored companies

• BRP Inc.
• Brunswick Corp.
• Camping World Holdings
• Harley Davidson
• LCI Industries
• Malibu Boats
• Marine Products Corp.
• MarineMax
• MasterCraft
• OneWater Marine
• Patrick Industries
• Polaris Inc.
• Textron Inc.
• Thor Industries
• Winnebago Industries