Tag Archives: Cobalt

Malibu reports record Q3

Malibu Boats, Inc. recently announced its financial results for the third quarter ended March 31, 2022. “Our record-setting pace continues with yet another outstanding quarter with net sales growing 26%, net income rising 56.1% and Adjusted EBITDA increasing 39.9% compared to the prior year. Led by our operational excellence, we were able to ship more units than anticipated, in spite of ...

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Cobalt partners with Harman for onboard entertainment

HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies and solutions for automotive, consumer, professional and enterprise markets, announced its marine group has been selected by boat manufacturer Cobalt Boats for a multi-year contract to fit all Cobalt boats supplied with their Platinum Series Audio Package with the new Harman Kardon Marine system. The newly ...

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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 expands its family day boat line

Cobalt Boats has announced the introduction of the all-new R4 Outboard, a family-sized sport runabout featuring a 24’3” length and an 8’6” beam, and accommodating as many as 13 passengers with a certified capacity of up to 2,100 lbs. The R4 Outboard can be equipped with either Yamaha or Mercury engines, up to 350 HP. Standard features include a 6-speaker ...

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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 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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Malibu reports slowing in Q3 results

Malibu Boats logo

Malibu Boats, Inc. announced its financial results for the third quarter ended March 31, 2020. “The fiscal third quarter of 2020 was a tale of two environments. Through the greater part of the quarter, we delivered strong performance, as early boat show season momentum extended into March. However, retail strength shifted nearly overnight as the COVID-19 virus ravaged the U.S. late ...

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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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