Tag Archives: jack springer

Malibu introduces the first 25-foot Axis

The totally-new Axis T250 makes history as the first 25-foot boat produced by the Axis brand. “Designing and producing the first-ever 25-foot Axis was a huge accomplishment for the entire team,” said Jack Springer, CEO of Malibu Boats, Inc., in a company press release. ”Not only is the all-new T250 the biggest boat Axis has ever produced, but it had ...

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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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Malibu Boats announces earnings release date

2022 Malibu Wakesetter 25LSV

Malibu Boats, Inc. announced it will release its fourth quarter and full-year fiscal 2021 financial results on Thursday, August 26, 2021 before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu’s Chief Executive Officer, Jack ...

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Malibu celebrates safety milestone

Malibu Boats logo

Malibu Boats announced it has proudly achieved over five million safe man hours worked at its Loudon, Tenn. facility. Five million man hours without a lost time injury means the production facility worked for more than 1,680 days or well over four years without incident, making this an extraordinarily rare and prestigious milestone. The achievement exemplifies Malibu’s dedication to the ...

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Malibu introduces all-new 2021 M220

2021 Malibu M220

Malibu Boats has announced the release of its all-new M220. The new luxury wake boat takes its cues from the flagship M240, blending the best of Malibu’s tech and innovation into a 22-foot 5-inch package while sacrificing nothing on the iconic wakes the M-Line hull is known for. “Like all of our towboats, the M220 was born out of customer ...

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Malibu Boats announces Q4 and fiscal 2020 results

Malibu Boats logo

Malibu Boats, Inc. announced its financial results for the fourth quarter and fiscal year ended June 30, 2020. Highlights for the Fourth Quarter of Fiscal Year 2020 Net sales decreased 39.1% to $118.7 million compared to the fourth quarter of fiscal year 2019.Unit volume decreased 43.9% to 1,117 boats compared to the fourth quarter of fiscal year 2019.Net sales per unit increased 8.6% to ...

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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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Surf’s Up

By David Gee Up. That’s about the only direction the towboat segment has known for some time, give or take a few tough months. Bigger boats. Heavier boats. Boats with more ballast. Boats with more features. Higher price tags. And more sales. And 2020 continued that trend. For a short while anyway. Malibu Boats, for example, reported in February that ...

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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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