Tag Archives: Malibu Boats Inc.

Malibu debuts all-new 2021 Wakesetter 23 LSV

Malibu debuts new LSV23

Malibu Boats has announced the release of its all-new Wakesetter 23 LSV. For 2021 there are new design features like a transom walk-over, completely reconfigured interior, inspired billet accents, a custom-tuned sound system, and more hull graphic color options. “The 2021 23 LSV’s blend of luxury and enhanced performance along with cutting edge features and a bold new look make ...

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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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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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Pursuit breaks ground for plant expansion

Pursuit Boats recently broke ground for the first phase of an expansion that the boatbuilder said will bring its campus footprint to 100 acres of land, with 773,000 square feet of manufacturing and support space. The expansion will also increase local employment to 600 people. Groundbreaking ceremonies were held at the company's 213,000 square-foot facility in Fort Pierce, Fla. The ...

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Malibu releases Q4 FY19 results

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"Fiscal year 2019 was another exceptional year for Malibu. We delivered record-breaking operational and financial performance supported by the strength of our brands, our commitment to operational excellence, and a best-in-class team laser-focused on superior execution," said Jack Springer, chief executive officer of Malibu Boats, Inc. "Pursuit and Cobalt, together with our Malibu and Axis brands, have created a well-rounded, ...

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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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Malibu reports strong growth for Q1 Fiscal 2019

Malibu Boats, Inc. recently announced its financial results for the first quarter ended Sep. 30, 2018. "Fiscal year 2019 started strong, with our first quarter results delivering robust growth and increasing profitability. Demand for our product continues to be record setting,” Jack Springer, Chief Executive Officer of Malibu Boats, Inc. said. “We also continue to strive to be the most efficient ...

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