New OXE Marine CEO reports on his 1st quarter at the helm

Diesel outboard engine manufacturer OXE Marine reported an increase of 20% in net sales for its third quarter ending September 30, compared to the previous quarter, with continued improvement of gross profit and gross margin of 28% for the quarter. The company said sales growth over the period was driven by stronger supply of the OXE300 in combination with record sales of Parts & Accessories, indicating a continued increase of operative OXE engines.