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 (MBUU) delivers premium performance boats and marine innovations through brands like Malibu, Axis, and Cobalt. This news hub provides investors and boating enthusiasts with official updates directly from the company.
Access timely press releases covering financial results, product launches, and strategic partnerships. Our curated collection ensures you stay informed about manufacturing advancements, dealer network expansions, and industry leadership in watersports technology.
Key updates include earnings announcements, operational milestones, and innovations in wake engineering. Bookmark this page for reliable information about MBUU's market position and corporate developments, all sourced from verified company communications.
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.
Malibu Boats has launched the all-new M220, a luxury wake boat built to meet customer demand for a compact version of the M240. Measuring 22 feet 5 inches, the M220 features a deeper M-Line hull, offering enhanced ballast, storage, and a smooth ride in rough waters. It includes Malibu's innovative Ballast System and technologies like Surf Gate and Power Wedge III for customizable wakes. The M220 is powered by industry-leading Malibu Monsoon engines, adding to its appeal. With numerous luxury options and advanced tech like the Malibu Command Center, the M220 aims to redefine mid-size towboats.
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