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. (MBUU) is a designer, manufacturer and marketer of recreational powerboats, with brands spanning performance sport boats, sterndrive boats and outboard boats. For investors and boating enthusiasts following MBUU news, this page aggregates company announcements, financial updates and product developments related to Malibu Boats’ multi-brand portfolio.
Company news frequently highlights earnings results and financial guidance, including quarterly and annual updates furnished via press releases and related Form 8-K filings. These communications often discuss net sales trends, segment performance across Malibu, Cobalt and saltwater fishing brands, and non-GAAP measures such as Adjusted EBITDA and Adjusted net income per share, as described in the company’s releases.
Malibu Boats also issues news on capital allocation and corporate actions, such as board-authorized share repurchase programs and Investor Day events. These items provide insight into how management views the company’s long-term strategy, financial position and priorities for investing in the business versus returning capital to shareholders.
Another key theme in MBUU news is product launches and brand activity. Recent announcements have covered new models in the Malibu Wakesetter line, the Axis A200 towboat, and new offerings from Pursuit, Cobalt, Pathfinder and Cobia showcased at major boat shows. These releases describe design updates, wake and wave performance features, and model positioning within specific size categories.
Governance and leadership updates, including changes in board composition and executive appointments such as the Chief Financial Officer role, are reported through both SEC filings and corresponding press releases. Together, these items help readers track Malibu Boats’ strategic direction, leadership and operational focus across its performance sport, sterndrive and saltwater fishing boat brands.
Bookmark this page to review MBUU news related to financial results, capital allocation decisions, new boat models, partnerships in towed watersports and corporate governance developments drawn from the company’s official disclosures.
Malibu Boats, a leader in towboat sales, announces the launch of the new Wakesetter 24 MXZ, a high-performance model featuring advanced technology and spacious design. The 24 MXZ supports 17 passengers and boasts innovations like Stern Turn for enhanced maneuverability, customizable wakes, and an integrated Malibu Command Center for user-friendly operations. With a focus on luxury and performance, the boat is powered by the eco-friendly Monsoon M6Di engine. The release emphasizes Malibu's commitment to innovation, quality, and unmatched performance in the towboat market.
Malibu Boats, Inc. (MBUU) announced it will release its fourth quarter and full-year fiscal 2020 financial results on August 27, 2020, after market close. Following the release, management will host a conference call at 5:00 p.m. ET to discuss the results. Interested parties can participate by phone or via live webcast on the company’s website. Malibu is a leader in recreational powerboat design and manufacturing, known for its brands such as Malibu, Axis, Cobalt, and Pursuit.
Axis Wake Research has launched the new 2021 AXIS A24, the largest boat in its line, priced under $100,000 USD. Features include patented Axis Wake technology for customizable wakes, spacious seating for up to 18, and enhanced freeboard for a drier ride. The A24 includes innovative options like the Rear-Facing Sliding Skybox Seat and advanced navigation controls. Powered by the Malibu Monsoon M5Di motor, the A24 promises improved torque and quieter operation. The boat is now available at Axis retailers worldwide for demos and custom builds.
Malibu Boats has unveiled its latest model, the 2021 Wakesetter 23 LSV, renowned as the best-selling towboat of all time. This new model features significant upgrades, including a reconfigured interior, innovative design elements like a transom walk-over, and enhanced sound systems. The boat offers two hull options to suit diverse water sports, along with the new Multi-View Wake Bench for versatile seating. Powering the 23 LSV are Malibu Monsoon engines known for their performance and fuel efficiency. With over 39 years in the industry, Malibu continues to lead in boat innovation and craftsmanship.
Malibu Boats (MBUU) reported its Q3 2020 financial results, revealing an 8.8% decrease in net sales, totaling $182.3 million, and a 14.2% drop in unit volume to 1,796 boats. Conversely, net income rose 7.5% to $23.9 million or $1.11 per share. The company experienced operational challenges due to the COVID-19 pandemic, suspending manufacturing on March 24, 2020. Gross profit declined 7.8% to $45.8 million, while adjusted EBITDA fell 3.7% to $36.4 million. Despite these setbacks, the firm holds $113 million in cash, reflecting strong liquidity.