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. reports developments for a recreational powerboat manufacturer with brands across performance sport, sterndrive, saltwater fishing and premium adventure dayboat categories. Its portfolio includes Malibu and Axis, Cobalt, Pursuit, Cobia, Pathfinder, Maverick, Hewes and Saxdor, with updates often tied to model activity, boat-show showcases, customer-satisfaction recognition and dealer or distribution developments.
Company news also covers quarterly operating results by segment, including net sales, unit volume, wholesale shipments, model mix and cost trends. Other recurring subjects include acquisition integration, capital allocation through share repurchases, and management commentary on demand conditions across freshwater, offshore and adventure boating markets.
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.
Malibu Boats reported a 39.1% decline in net sales for Q4 FY2020, totaling $118.7 million, primarily due to COVID-19 related production shutdowns. Unit volume decreased 43.9% to 1,117 boats. Despite challenges, net sales per unit rose 8.6% to $106,232. For FY2020, net sales dropped 4.5% to $653.2 million, with net income down 7.2% to $64.7 million. The company plans to roll out new models and innovate to drive demand and shareholder value amid ongoing market volatility.
Malibu Boats has settled a patent infringement lawsuit against Go Surf Assist regarding surf system technology. The settlement includes a one-time payment from Go Surf Assist and a license agreement for future royalties on the technology. This resolution underscores Malibu Boats' position as a leader in wakesurfing innovation and enhances its competitive edge in the recreational boating market.
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.