Welcome to our dedicated page for Malibu Boats news (Ticker: MBUU), a resource for investors and traders seeking the latest updates and insights on Malibu Boats stock.
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 (Nasdaq: MBUU) has unveiled the 2022 Wakesetter 25 LSV, the flagship of its Luxury Sport V-Drive line. This 25-foot boat boasts enhanced storage, increased ballast capacity, and a new hull design for superior performance. Noteworthy features include the Soft Grip padded transom walk-through, versatility in seating and towing options, and advanced tech innovations like wireless charging and the Malibu Command Center. The new Monsoon M6Di engine ensures better fuel economy and lower emissions. This model is available for customization at authorized dealers.
Malibu Boats (MBUU) reported impressive fiscal Q3 2021 results, with net sales soaring by 49.8% to $273.2 million and gross profit rising 57.1% to $72.0 million. Net income increased 47.2% to $35.1 million, with Adjusted EBITDA climbing 56.7% to $57.0 million. The company benefited from strong demand across its Malibu and Saltwater Fishing segments, enhanced by the acquisition of Maverick Boat Group. Despite weather-related operational disruptions, the company anticipates approximately 38% revenue growth year-over-year for fiscal 2021.
Malibu Boats, Inc. (MBUU) will announce its third quarter fiscal 2021 financial results on May 4, 2021, before market opening. A conference call will follow at 8:30 AM ET, hosted by CEO Jack Springer and CFO Wayne Wilson. Investors can participate by dialing (855) 433-0928 or (484) 756-4263 with Conference ID #7199253, or via a live webcast on the company’s Investor Relations site, where a replay will be available for twelve months.
Malibu Boats reported a strong fiscal second quarter 2021, with net sales up 8.6% to $195.6 million, driven by demand in its Malibu and Saltwater Fishing segments. Gross profit rose 24.1% to $49.5 million, yielding a gross margin improvement of 320 basis points to 25.3%. Net income increased 25.8% to $22.1 million. The company acquired Maverick Boat Group, enhancing its product offerings. For full-year 2021, Malibu expects revenue growth exceeding 35% and adjusted EBITDA margins around 20.5%.
Malibu Boats, Inc. (MBUU) will release its second quarter fiscal 2021 financial results on February 9, 2021, before market open. The management team, including CEO Jack Springer and CFO Wayne Wilson, will host a conference call at 8:30 a.m. ET to discuss the results. Investors can participate by dialing (855) 433-0928 or via a live webcast on the company’s investor relations page. A recording of the call will be available for twelve months post-release.
Malibu Boats (MBUU) has completed the acquisition of Maverick Boat Group, enhancing its position in the saltwater outboard market. The acquisition adds four strong brands, including Cobia and Pathfinder, and strengthens manufacturing capacity and distribution opportunities. This strategic move is expected to be immediately accretive to earnings, excluding acquisition costs. The deal was financed with cash and a $25 million term loan from Malibu's credit facility. Maverick has a long-standing reputation for quality since 1984 and will enable Malibu to tap into previously unmet demand.
Malibu Boats (MBUU) reported a robust performance for the fiscal first quarter of 2021, with net sales rising 5.2% to $181.0 million despite a 5.3% decline in unit volume. Gross profit increased 14.3% to $45.7 million, while net income surged 32.1% to $22.0 million. The Adjusted EBITDA improved 28.0% to $36.3 million. The company anticipates 20% revenue growth for the full fiscal year, supported by strong demand for new models, despite challenges from supply chain constraints.
Malibu Boats, Inc. (MBUU) will release its Q1 fiscal 2021 financial results on November 6, 2020, before the market opens. A conference call with management, including CEO Jack Springer and CFO Wayne Wilson, will follow at 8:30 a.m. ET. Investors can join the call by dialing (855) 433-0928 or (484) 756-4263, using Conference ID #3295729. A live webcast will also be available on the company's website, with a replay archived for twelve months.
Malibu Boats reported a favorable claim construction ruling in its patent litigation against Skier’s Choice, which allegedly infringes on Malibu's patents regarding wakesurfing technology. Following this ruling, MB Sports, Inc. entered a license agreement with Malibu, involving a one-time payment and future royalties. CEO Jack Springer highlighted the respect for Malibu's innovations, noting that all significant towboat manufacturers except Skier’s Choice license Malibu’s intellectual property. The company continues to lead in the recreational powerboat market with its diverse brands.
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