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North Sails 2021 Innovation - LEADERBOARD

The Limestone Boat Company achieving production goals; significant increase in new boat production

by Limestone Boat Company 14 Feb 19:21 PST
Limestone Boat Company © Limestone Boat Company

The Limestone Boat Company - owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats - announces additional production unit achievements at its Tennessee-based boat manufacturing facility.

"Having now built a foundation for success in our Tennessee manufacturing operations and support teams, 2022 is shaping up to be a transformative year for the Limestone Boat Company," said The Limestone Boat Company Limited CEO Scott Hanson. "Monetizing Limestone's two-fold order backlog is fully under way, and we expect to significantly improve revenue and earnings in the coming months given our continued projected growth in weekly shipments, as the year unfolds."

Limestone continues to improve its production numbers, posting its best production month since its acquisition, with fifteen units completed during January - despite some supply chain and Covid related labor disruptions. New boats going into production per week are steadily increasing, with completion and shipments of 20 new units projected in February. Production and shipments are expected to continue to grow at half boat per week/month, subject to any unforeseen Covid or supply chain disruptions.

The Limestone Boat Company - owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats - is publicly traded on the Toronto Venture Exchange under the ticker symbol BOAT. They are headquartered in Collingwood, Ontario with a 145,000 sq. ft. manufacturing facility in White Bluff, Tennessee. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.

For more information on The Limestone Boat Company, visit limestoneboatcompany.com, aquasportboat.com, limestoneboats.com.

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