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 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%.
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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.
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.