Tag Archives: jack springer

Malibu Boats, Inc. announced its financial results for the fourth quarter and fiscal year ended June 30, 2023. Net sales for the three months ended June 30, 2023 increased $19.1 million, or 5.4%, to $372.3 million, compared to the three months ended June 30, 2022, which the company indicated was driven primarily by increased unit volumes in its Saltwater Fishing segment and a ...

Malibu Boats, Inc. (Nasdaq: MBUU) has announced its financial results for the third quarter ended March 31, 2023. Third Quarter Fiscal 2023 Highlights Compared to Third Quarter Fiscal 2022: Net sales increased 9.0% to $375.1 million Unit volume increased 2.9% to 2,637 units Gross profit increased 1.5% to $98.6 million Net income decreased 2.5% to $53.5 million Adjusted EBITDA decreased 0.6% to $79.3 million Net income available to ...

Malibu Boats, Inc. (Nasdaq: MBUU) has announced the appointment of David Black as Interim Chief financial officer. Malibu’s current chief financial officer, Wayne Wilson has notified the Company of his resignation to pursue a similar role at a private equity-backed private company in Knoxville, Tenn. Mr. Wilson will actively serve in an advisory role and assist with the transition through ...

Malibu Boats, Inc. announced its financial results for the second quarter ended December 31, 2022. “We once again delivered a fantastic quarter as our momentum continued with net sales increasing 28.4%, net income rising 17.5%, and Adjusted EBITDA growing 19.7% compared to the prior year. Our performance further solidifies our position as a trailblazer and innovator, while also demonstrating our ability ...

Malibu Boats, Inc. recently announced its financial results for the first quarter ended September 30, 2022. Net sales for the three months ended September 30, 2022 increased $48.7 million, or 19.2%, to $302.2 million as compared to the three months ended September 30, 2021. Unit volume for the three months ended September 30, 2022, increased 213 units, or 10.5%, to 2,237 units as compared ...

Malibu Boats, Inc. has announced its financial results for the fourth quarter and fiscal year ended June 30, 2022. Fiscal Fourth Quarter 2022 Highlights Compared to Fiscal Fourth Quarter 2021 Net sales increased 27.6% to $353.2 millionUnit volume increased 10.3% to 2,596 unitsGross profit increased 29.5% to $89.6 millionNet income increased 42.1% to $49.7 millionAdjusted EBITDA increased 28.3% to $73.9 millionNet income ...

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 ...

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 ...

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 ...

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 ...