Tag Archives: Cobalt Boats

Malibu announces Q1 FY22 results

Malibu Boats, Inc. announced its financial results for the first quarter ended September 30, 2021. “We continued momentum into fiscal year 2022 with net sales increasing 40.1%, net income rising 26.7%, and Adjusted EBITDA growing 23.1% compared to the prior year period,” commented Jack Springer, chief executive officer of Malibu Boats, Inc. “While inflationary concerns and ongoing supply chain constraints are ...

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Cobalt puts new R4 surf boat on display at Kansas governor’s mansion

Cobalt Boats sent a new boat for display at a special event held at the Kansas governor’s mansion as the State of Kansas hosted a dinner for members of the Industrial Asset Management Council (IAMC). The IAMC is a trade association offering professional development, knowledge sharing and networking opportunities to site location consultants, real estate executives and other development partners ...

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Cobalt connects with dealers to celebrate a successful year and introduce the new R4 Series

Cobalt Boats resumed its series of popular dealer network annual celebrations this year with a three-day event at the Horseshoe Bay Resort in Horseshoe Bay, TX. In addition to recognizing dealer accomplishments, the meeting also provided a showcase for attendees to test-drive boats and preview all three variants of Cobalt’s new 2022 R4 Series – Stern Drive, Surf and Outboard ...

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Malibu reports record Q4, FY21 results

Malibu Boats, Inc. (Nasdaq: MBUU) announced its financial results for the fourth quarter and fiscal year ended June 30, 2021. Highlights for Q4 include a net sales increase of 133.2% to $276.7 million, unit volume increase of 110.7% and a net income increase or 437.1% to $35 million. “Our premium brands, market leading innovation and operational excellence delivered another record-breaking year ...

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Cobalt recognizes 2020 top dealers

Cobalt Boats recently announced the dealers who helped make the past year a successful one for the company, despite the worldwide pandemic and economic downturn. While many boating events, including Cobalt’s own dealer meeting, were canceled in 2020, boating has enjoyed continued popularity as a socially distanced recreational activity over the past year, and Cobalt’s dealers have continued to maintain ...

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Cobalt introduces next generation R8 luxury runabout

Cobalt Boats new R8

Cobalt Boats has announced the introduction of its all-new R8, a premium-sized member of its acclaimed ‘Ultimate Runabout’ R-Series of sterndrive boats. Incorporating sleek lines, agile handling, superb performance and deluxe appointments, at 27’ 10”, the new R8 is both longer and roomier than other boats in its class. The new R8 carries over the DNA of performance, style and ...

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Cobalt introduces R6 Outboard

With day boating becoming an even more popular way to get back to nature, Cobalt Boats has introduced the all-new R6 Outboard sport runabout. Cobalt says the R6 Outboard offers families an even more versatile, economical and comfortable way to spend time together and enjoy a full range of salt-water and lake activities, with all the convenience and capability afforded ...

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Cobalt hosts Kansas State Treasurer

In early March, Cobalt Boats was visited by Jake LaTurner, the Treasurer of the state of Kansas, who was reviewing the contributions of regional businesses to the economic performance of the state of Kansas and nation as a whole. During his factory tour, LaTurner said he was impressed by the dedication of Cobalt’s employees and their passion for the work ...

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Cobalt celebrates manufacturing safety milestone

Cobalt Boats has announced that in 2019 it achieved the distinction of compiling more than one million hours worked without a lost-time injury. Cobalt’s approximately 708 employees at its factory in Neodesha, Kansas, reached the million-hour milestone just before Christmas, providing further confirmation of the company’s commitment to workplace safety. This is a first in Cobalt’s long history. To mark ...

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Malibu announces record quarter for Q2

Malibu Boats logo

Malibu Boats, Inc. announced its financial results for the second quarter ended Dec. 31, 2019. Highlights for the second quarter of fiscal year 2020 included a net sales increase of 8.6% to $180.1 million compared to the second quarter of fiscal year 2019. Unit volume increased 2.5% to 1,804 boats compared to the same period last year. Net sales per unit increased 6% to ...

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