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Malibu Boats, Inc. - $MBUU STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Malibu Boats's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Malibu Boats's position in the market.

Rhea-AI Summary

Malibu Boats, Inc. announced a decline in net sales by 45.8% in the third quarter of fiscal 2024, with significant decreases in unit volume, gross profit, GAAP net income, and Adjusted EBITDA. The company reported a net loss of $67.8 million, including impairment charges. Despite challenges in the retail market, the company remains focused on returning inventories to stable levels. Malibu Boats anticipates a continued softening in retail demand for the fiscal year 2024 but is confident in its ability to generate positive cash flow and support market growth.

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-3.84%
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Malibu Boats, Inc. (Nasdaq: MBUU) has announced the release date for its third quarter fiscal 2024 financial results, scheduled for May 2, 2024. The company will host a conference call on the same day at 8:30 a.m. Eastern Time, led by CEO Jack Springer, CFO Bruce Beckman, and Executive Chair Michael Hooks. Investors and analysts can participate by dialing (844) 695-5523 or (412) 317-0699, or by joining the live webcast on the Investor Relations section of the company's website. A replay of the webcast will be available on the website for twelve months.
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0.94%
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Malibu Boats, Inc. (Nasdaq: MBUU) faces a lawsuit from Tommy’s Boats and related parties, but asserts that all boats sold to Tommy’s were ordered by them. Malibu vows to defend itself strongly while minimizing impacts on existing dealer partners and customers.
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-7.99%
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Malibu Boats, Inc. (MBUU) CEO, Jack Springer, to participate in a fireside chat at the Raymond James 2024 Institutional Investors Conference. The chat will be held on March 5, 2024, in Orlando, Florida, with an audio webcast available on the Malibu Boats Investor website.
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0.73%
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Malibu Boats, Inc. announces the departure of CEO Jack Springer in May 2024, with Ritchie Anderson appointed as President and Michael Hooks as Executive Chair. The company reaffirms its fiscal year 2024 guidance with a projected decline in net sales and Adjusted EBITDA margin.
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-9.12%
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management
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Rhea-AI Summary
Malibu Boats, Inc. (Nasdaq: MBUU) announced its financial results for the second quarter ended December 31, 2023, showing a decrease in net sales, unit volume, gross profit, net income, and adjusted EBITDA compared to the same period in the previous year. The company's CEO, Jack Springer, attributed the decline to weak retail demand and elevated inventory levels, but expressed optimism for a retail recovery and positive signs following the Year End Sales event.
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-18.56%
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Malibu Boats, Inc. (Nasdaq: MBUU) will release its second quarter fiscal 2024 financial results on January 30, 2024, before the market opens. The company's management will host a conference call at 8:30 a.m. Eastern Time on the same day, led by CEO Jack Springer and CFO Bruce Beckman. Investors and analysts can join the call via dial-in or webcast.
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Axis Wake introduces the all-new T220-r for 2024, a 22-foot watersports towboat with advanced wakeboard and surf features, equipped with Surf Gate and Surf Pipe, and powered by the Malibu Monsoon M5Di™ engine. The T220-r offers a high-visibility, marine-grade touchscreen for easy control of ballast, speed, and surf side, with seating for up to 15 people and a Wet Sounds audio system with Bluetooth connection. Priced at under $89,995, the T220-r is a versatile and stylish addition to the Axis line.
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1.14%
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Malibu Boats announces the release of the all-new 21 LX-r, a 21-foot hull packed with value and boasting many signature wake and comfort features at a price point of $99,995. The new model raises the standard of wake and wave performance, aligning with both non-watersports-specific and watersports-specific competitors’ offerings. The 21 LX-r’s watersports performance is built on the rock-solid foundation of the Wake Plus™ hull, producing outstanding power and volume in its ocean-like surf waves for riders of all ages and sizes. The boat is powered by the tough and capable Malibu Monsoon M5Di™ and features a high-visibility dual touchscreen Malibu Command Center™ at the dash, making it as easy as selecting your wakeboard level or surf side, tapping load on the screen, and gearing up to ride.
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1.14%
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Malibu Boats (MBUU) Announces Release of New Flagship Model M242, Featuring Groundbreaking Innovations and Unrivaled Luxury
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-1.84%
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Malibu Boats, Inc.

Nasdaq:MBUU

MBUU Rankings

MBUU Stock Data

737.87M
20.20M
3.28%
100.05%
5.42%
Boat Building
Manufacturing
Link
United States of America
LOUDON

About MBUU

founded in 1982 in merced, calif., malibu is the world's leading watersports towboat manufacturer by sales volume and is the global leader in patented wake and wave creation technologies. the malibu brand family also includes axis wake research and cobalt boats. today, malibu boats and axis are still handcrafted in the united states along the shore of the tennessee river in loudon, tenn., and boast unmatched american engineering, luxury, technology and quality. in australia, malibu and axis boats are made at our factory in north albury, new south wales, with the same legendary craftsmanship. whether you wakeboard, surf or ski with family and friends, malibu has your ideal boat. build your own custom malibu or axis in minutes using the world's first 3d boat configurator at www.malibuboats.com or www.axiswake.com.