Grand Banks Reports FY2025 Results
September 2, 2025
The builder of Grand Banks, Eastbay and Palm Beach boats reported revenue of $126 million, an increase of 21.4% over the prior year.
The builder of Grand Banks, Eastbay and Palm Beach boats reported revenue of $126 million, an increase of 21.4% over the prior year.
The brands’ acquisition of Casey’s Marina in Newport, R.I., includes the adjacent 10,000-square-foot Waites Wharf.
At the new Grand Banks Yachts factory in
Malaysia, boats from the Grand Banks and Palm Beach brands epitomize the company’s evolution
Revenues were up 37.8%, but net profit fell 42.4% from the same quarter a year earlier.
Lynn Fischer will work to expand the brand, deepen client engagement and strengthen the group’s reputation.
The company recorded revenue of $30.3 million, an increase of 29.1% from the year-ago quarter.
Capt. Simon Davidson was named New England operations manager and will be based in Newport, R.I.
The builder posted a 48.7% increase in revenue to $37.5 million for the six months ending Dec. 31, reversing a loss in the first half of the year.
The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.
After consolidating production to Malaysia, the builder said the Grand Banks, Eastbay and Palm Beach brands all will adopt the proprietary V-Warp hull design.
The builder of Grand Banks, Eastbay and Palm Beach boats reported revenue of $126 million, an increase of 21.4% over the prior year.
The brands’ acquisition of Casey’s Marina in Newport, R.I., includes the adjacent 10,000-square-foot Waites Wharf.
At the new Grand Banks Yachts factory in
Malaysia, boats from the Grand Banks and Palm Beach brands epitomize the company’s evolution
Revenues were up 37.8%, but net profit fell 42.4% from the same quarter a year earlier.
Lynn Fischer will work to expand the brand, deepen client engagement and strengthen the group’s reputation.
The company recorded revenue of $30.3 million, an increase of 29.1% from the year-ago quarter.
Capt. Simon Davidson was named New England operations manager and will be based in Newport, R.I.
The builder posted a 48.7% increase in revenue to $37.5 million for the six months ending Dec. 31, reversing a loss in the first half of the year.
The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.
After consolidating production to Malaysia, the builder said the Grand Banks, Eastbay and Palm Beach brands all will adopt the proprietary V-Warp hull design.
