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Tag Archives: Malibu Boats Inc.

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

"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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Malibu enters agreement to acquire Pursuit Boats

Malibu Boats, Inc. announced today that it has entered into a definitive agreement with S2 Yachts, Inc. (S2) to acquire the assets of Pursuit Boats for a total consideration of $100 million. The transaction is expected to close in the fourth calendar quarter of 2018, subject to customary closing conditions. Malibu will fund the transaction with cash on hand and ...

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Malibu recognized as NATM top trailer manufacturer

The National Association of Trailer Manufacturers (NATM), in conjunction with Statistic Surveys, has announced that Malibu is the “No. 1 trailer manufacturer in market share increase for boat trailers” in 2017. The award affirms Malibu’s position as the leading maker of boat trailers in America. Malibu representatives will accept the award at NATM’s Annual Convention in Fort Worth, Texas. Introduced in 2015, ...

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