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Malibu Boats, Inc. (NASDAQ: MBUU) is a premier designer, manufacturer, and marketer of a wide range of recreational powerboats. Founded in 1982 and headquartered in Loudon, Tennessee, Malibu Boats, Inc. leads the industry in performance sport boats through its flagship brands, Malibu and Axis, and is renowned for its patented wake and wave creation technologies. The company's product lineup also includes Cobalt Boats, which excels in the sterndrive boat segment, and Pursuit Boats, which specializes in high-end offshore and outboard motorboats. In 2021, Malibu further expanded its portfolio by acquiring Maverick Boat Group, enhancing its offerings in the flat fishing boat market.
The company operates multiple manufacturing facilities, with Malibu and Axis boats handcrafted along the Tennessee River and in North Albury, New South Wales, Australia. Each boat is engineered with luxury, technology, and quality in mind, catering to a diverse clientele of water sports enthusiasts, including wakeboarders, surfers, and skiers. Additionally, Malibu offers a unique 3D boat configurator on their websites, allowing customers to customize their dream boats.
Malibu Boats, Inc. has a robust financial footprint, boasting a 14% increase in net sales for Fiscal Year 2023 compared to the previous year. The company continues to innovate, recently introducing new models like the 23 LSV and M242, which are set to redefine standards in the performance sport boat market.
Despite facing a challenging macroeconomic environment, Malibu Boats remains confident in its operational prowess and strategic initiatives. The company is committed to vertical integration, producing its own engines under the Monsoon brand, and maintains a resilient supply chain to meet market demand. Through partnerships and continuous product development, Malibu Boats aims to sustain its market leadership and provide long-term value to its shareholders.
Malibu Boats' latest financial reports indicate mixed results. While net sales increased marginally in certain segments, overall unit volume saw a decrease due to normalized inventory levels post-COVID and higher interest rates affecting dealer flooring program costs. Nevertheless, the company achieved a gross profit increase, driven by higher sales revenues and better performance in the Saltwater Fishing segment.
Malibu Boats, Inc. (MBUU) will release its third quarter fiscal 2022 financial results on May 10, 2022, before market opening. A conference call will follow at 8:30 a.m. ET, hosted by CEO Jack Springer and CFO Wayne Wilson. Investors can join by phone or via webcast on the company’s Investor Relations website. Malibu, based in Loudon, Tennessee, leads the recreational powerboat market, excelling in performance sport boats through brands like Malibu and Axis. For more, visit malibuboats.com.
Malibu Boats reported strong financial results for the second quarter of fiscal 2022, with net sales reaching a record $263.9 million, a 34.9% increase year-over-year. Net income rose 39.9% to $31.0 million, and adjusted EBITDA increased 23.0% to $48.1 million. Despite ongoing supply chain challenges and inflationary pressures, unit volume grew 19.0% to 2,073 units. The company anticipates revenue growth of 22% to 24% for the full fiscal year, with adjusted EBITDA margins exceeding 19.5%.
Malibu Boats, Inc. (MBUU) will release its second quarter fiscal 2022 financial results on February 8, 2022, before market open. A management conference call is scheduled for 8:30 a.m. ET the same day, hosted by CEO Jack Springer and CFO Wayne Wilson. Investors can participate via phone or a live webcast from the company's Investor Relations website. The call will later be available for replay online for a year. Malibu Boats is a leader in recreational powerboat design and manufacturing, including popular brands such as Malibu and Axis.
Malibu Boats, Inc. (MBUU) reported a strong fiscal Q1 2022, with net sales soaring 40.1% to $253.5 million and net income increasing 26.7% to $27.9 million. Unit volume rose 23.8% to 2,024 units. Adjusted EBITDA rose 23.1% to $44.7 million, reflecting robust demand for larger, feature-rich boats. Despite challenges from inflation and supply chain issues, the company maintains a positive outlook, expecting revenue growth in the low to mid 20% range for the fiscal year, with an Adjusted EBITDA margin around 19.5%.
Malibu Boats, Inc. (MBUU) has announced it will release its first quarter fiscal 2022 financial results on November 4, 2021, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Time on the same day, which will be led by CEO Jack Springer and CFO Wayne Wilson. Investors can participate by calling (855) 433-0928 or accessing a live webcast on the company’s investor relations website. A replay of the call will be available for twelve months. Malibu Boats is a leader in recreational powerboat design and manufacturing.
The new Axis T250, launched by Malibu Boats (MBUU), is the brand's first 25-foot model, catering to consumer demand for more space. It features customizable wakes and waves via Power Wedge™ III and Surf Gate™, targeting various skill levels. The T250 offers exceptional comfort with seating for 18, advanced technology including a 7-inch touch screen, and a powerful Malibu Monsoon engine. This model aims to set new performance standards in the 25-foot class while incorporating innovative storage solutions and user-friendly dashboards for superior boating experiences.
Malibu Boats, Inc. (MBUU) reported exceptional financial results for Q4 and FY 2021. Q4 net sales soared 133.2% to $276.7 million, with a 437.1% increase in net income to $35 million. Adjusted EBITDA rose by 272.2% to $57.6 million. For FY 2021, net sales increased 41.9% to $926.5 million, while net income grew 76.8% to $114.3 million. The company's guidance for FY 2022 anticipates high-teens net sales growth and a consistent Adjusted EBITDA margin of around 20%. These results reflect strong demand and successful product innovations.
Axis has unveiled the all-new Axis T220, a mid-size wake boat for 2022 that enhances technology, performance, and style. The T220, replacing the T22, boasts a 7-inch touch screen for easy control of wake settings, ballast levels, and speed adjustments, catering to both beginners and pros. It offers seating for up to 15 passengers and features innovations like the new rear pop-up pylon and Surf Band™ for real-time wave control. Powered by the efficient Malibu Monsoon M5Di™ engine, the T220 aims to set a new standard in the mid-size boat market.
Malibu Boats, Inc. (Nasdaq: MBUU) will release its fourth quarter and full-year fiscal 2021 financial results on August 26, 2021, before market opening.
Following the release, management will host a conference call at 8:30 a.m. ET to discuss the results. The call will be led by CEO Jack Springer and CFO Wayne Wilson. Investors can join by calling (855) 433-0928 or (484) 756-4263, using Conference ID #7271265, or by accessing the live webcast.
Malibu Boats has launched the new Wakesetter 21 LX, a 21-foot watersports towboat designed for performance and affordability. Featuring a new Hybrid Bow, it combines traditional and modern design, offering spacious seating and advanced functionality. The 21 LX includes customizable hull options and innovative features like the Power Wedge III and Surf Gate™ for optimal wake and wave performance. Powered by the Malibu Monsoon M5Di™ engine, it promises lower emissions and high torque. The 21 LX comes with a five-year warranty and is available through authorized dealers.
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