The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Wed Nov 2, 2016
LAKE FOREST, Illinois — Brunswick Corporation, the parent company of Land ‘N’ Sea distributors, has reported results for the third quarter with a consolidated net sales increase of 10 percent versus the same quarter a year ago.
Excluding the impact of acquisitions, sales on a constant currency basis increased six percent, according to a company press release. On a GAAP basis, operating earnings increased by 6 percent versus the prior year. Adjusted operating earnings increased by eight percent over 2015. Year-to-date net cash from operations was $282.1 million and free cash flow was $157.5 million, both of which were improved versus the prior year.
“Our reported third quarter net sales increased by 10 percent,” Brunswick Chairman and Chief Executive Officer Mark Schwabero says. “Our top line reflected the benefits of our acquisition strategy, particularly in our fitness segment, and strong growth rates in all three of our primary boat categories, as well as marine parts and accessories. This growth included another solid performance in outboard engines.
“The U.S. marine market continues to exhibit solid fundamentals and growth, which are supported by stable boating participation, favorable replacement cycle dynamics and innovative products being introduced throughout the marketplace,” Schwabero says.
“Overall, international marine markets have been challenging, including weak demand in certain markets such as Latin America, the Middle East and Africa and Canada. Our product successes in both our engine and boat segments have enabled continued market share gains and mix benefits.”