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  • The Limestone Boat Company (BOAT) achieving production goals
  • Limestone continues to improve its production numbers with 15 units completed during January
  • New boats going into production per week are steadily increasing, with completion and shipments of 20 new units projected for February
  • Production and shipments are expected to continue to grow at one-half boat per week per month
  • The Limestone Boat Company (BOAT) is up 2.94 per cent, trading at C$0.18 at 9:33 am EST

The Limestone Boat Company (BOAT) has reached 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 Limestone CEO Scott Hanson.

“Monetizing Limestone’s two-fold order backlog is fully underway, and we expect to significantly improve revenue and earnings in the coming months given our continued projected growth in weekly shipments as the year progresses,” added Hanson.

Limestone continues to improve its production numbers, posting its best production month since its acquisition, with 15 units completed during January, despite some supply chain and COVID-related labour disruptions.

New boats going into production per week are steadily increasing, with completion and shipments of 20 new units projected for February.

Production and shipments are expected to continue to grow at one-half boat per week per month, subject to any unforeseen COVID or supply chain disruptions.

The Limestone Boat Company is publicly traded on the TSX under the ticker symbol BOAT.

They’re headquartered in Collingwood, Ontario with a 145,000 sq. ft. manufacturing facility in White Bluff, Tennessee.

The Limestone Boat Company (BOAT) is up 2.94 per cent, trading at C$0.18 at 9:33 am EST.

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