Tag Archives: jack springer

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

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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

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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

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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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Malibu delivers ‘strong quarter’ for Q1 FY20

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Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the first quarter ended September 30, 2019. Highlights for the First Quarter of Fiscal Year 2020 Net sales increased 39.4% to $172.1 million compared to the first quarter of fiscal year 2019.Unit volume increased 13.9% to 1,727 boats compared to the first quarter of fiscal year 2019.Net sales per unit increased 22.3% to $99,641 ...

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Tennessee elected officials visit with Malibu Boats

Last week, Congressman Tim Burchett (R-TN-02), Lieutenant Governor Randy McNally (R), and State Representative Lowell Russell (R-21) visited Malibu Boats’ manufacturing facility in Loudon, Tenn. where they met with employees, discussed pressing issues facing the recreational boating industry, and experienced the boat manufacturing process firsthand. “I really appreciate Jack taking the time to show us around the plant so we ...

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Malibu reports results for Q2 FY 2019

Malibu Boats, Inc. (Nasdaq: MBUU) announced its financial results for the second quarter ended Dec. 31, 2018. Highlights for Q2 of fiscal year 2019 include: Net sales increased 45 percent to $165.8 million compared to the second quarter of fiscal year 2018. Unit volume increased 18.2 percent to 1,760 boats compared to the second quarter of fiscal year 2018. Net ...

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