- The Limestone Boat Company (TSXV:BOAT) has announced unit production improvements at its Tennessee-based boat manufacturing facility for the first quarter of 2022
- The Limestone Boat Company unit production increased more than 51 per cent in Q1 2022 compared with Q4 2021
- The company ended March with the addition of another new dealer
- The Limestone Boat Company is the owner and builder of Aquasport Boats, Limestone Boats and Boca Bay Boats
- The Limestone Boat Company Limited rose by $0.005 or 3.226 per cent to $0.16 at 1:30 PM ET
The Limestone Boat Company (TSXV:BOAT) has announced unit production improvements at its Tennessee-based boat manufacturing facility for the first quarter of 2022.
The Limestone Boat Company unit production increased more than 51 per cent in Q1 2022 compared with Q4 2021, with additional milestone achievements of note further confirming a positive trajectory for the 2022 calendar year.
“Production capacity on the highly sought after, high margin Aquasport 2300CC & 2500CC Center Console models is on schedule to double in Q3 providing dealers the ability to tap into the unprecedented consumer demand for this segment,” said The Limestone Boat Company CEO Scott Hanson.
“We continue to see strong demand for our products and are focused on increasing our monthly production to meet the Company’s large order backlog,” he added.
The company continues to increase its production numbers by effectively managing supply chain and COVID-related labour disruptions.
Production and shipments are expected to continue to grow at a rate of one-half boat per week per month, resulting in a further doubling of weekly shipments through year-end.
The company ended March with the addition of another new dealer, Coastline Marine Service in Marblehead, MA, to the six previously announced new dealers this year. This brings the total number of Aquasport dealers to 27, accounting for 30 locations and 35 dealers and 51 locations for all Limestone Boat Company Brands.
The Limestone Boat Company is the owner and builder of Aquasport Boats, Limestone Boats and Boca Bay Boats.
The Limestone Boat Company Limited rose by $0.005 or 3.226 per cent to $0.16 at 1:30 PM ET.