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Tag Archives: malibu boats

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 completes acquisition of Pursuit Boats

Malibu Boats, Inc. has closed on its acquisition of Pursuit Boats from S2 Yachts. Total consideration for the transaction is $100 million. The transaction was paid with $50 million of cash on hand and $50 million of borrowings under an incremental revolving credit facility that was added to Malibu’s existing credit facility. “As a leader in the saltwater outboard fishing ...

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Malibu announces new 25 LSV model for 2019

Malibu Boats introduced the newest model, the Wakesetter 25 LSV, for 2019. The 25 LSV is the 25-foot flagship of the LSV line. Being the biggest, it offers the most interior space, storage capacity, ballast, as well as the biggest wake and wave. With technology and comfort innovations like wireless phone charging, a redesigned helm seat, a starboard locker for ...

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Malibu Boats announces record fourth quarter, fiscal 2018 results

Malibu Boats, Inc. today announced its financial results for the fourth quarter and fiscal year ended June 30, 2018. "Our momentum during fiscal year 2018 extended into the fourth quarter, exceeding our expectations, driven by a robust retail demand environment, Cobalt's increasing contributions, and strong operational execution," said Jack Springer, chief executive officer of Malibu Boats. All of the boat ...

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Malibu Boats introduces new member to tower family

Malibu Boats has introduced the newest member of its tower family, the Malibu Gx Tower, which will replace the company's G4 tower product. The Gx (pronounced “G ten”) features fully powered raising and lowering at the touch of a dial. The sturdy and reliable G3.5 will continue to be Malibu’s standard tower with its gas-spring-assisted weightless raising and lowering, but ...

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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 introduces new 2019 22 LSV model

Malibu Boats introduced the Wakesetter 22 LSV, for 2019. The 22 LSV offers the most space for a boat its size. The 22-foot length allows for towing and garage storage with all the accolades the LSV family offers. It has seating for 14 in a traditional-bow design with easy access to the spacious front lounge area.   New advances in ...

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Cobalt names new sales manager for Asia, Middle East

Cobalt Boats has announced that it has added Steve Hashim, an experienced dealer network development specialist, as its new sales manager for Asia and the Middle East. Named by Boating Industry Magazine as one of its 2016 “Movers and Shakers” for his past achievements with Malibu Boats in the same markets, Hashim will bring a new focus to Cobalt’s plan ...

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Malibu Boats announces 3Q 2018 fiscal results

Malibu Boats, Inc. today announced its financial results for the third quarter of fiscal 2018 ended March 31, 2018. Net sales increased 82 percent to $140.4 million compared to the third quarter of fiscal 2017. Unit volume increased 69.4 percent to 1,786 boats compared to the third quarter of fiscal 2017. Net sales per unit increased 7.4 percent to $78,628 and net sales per unit ...

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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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