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, 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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