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Tag Archives: malibu boats

Malibu Boats releases Q1 fiscal 2018 results

Malibu Boats, Inc. has announced its financial results for the first quarter of fiscal 2018, which ended Sept. 30, 2017. Highlights for the first quarter include: Net sales increased 66.9 percent to $103.5 million, compared to the first quarter of fiscal 2017; Unit volume increased 57.1 percent to 1,309 boats, compared to the first quarter of fiscal 2017; Net sales ...

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Malibu represents Tennessee boat builders on Manufacturing Day 2017

Malibu Boats, Inc. participated in the Loudon County Economic Development Agency’s first annual Manufacturing Day event on Oct.2, hosting students from Lenoir City and Loudon High School. Malibu was the sole Tennessee boat builder to participate in an official Manufacturing Day 2017 event. Each year on the first Friday in October, Manufacturing Day serves as a celebration of modern industry, ...

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Malibu Boats posts record Q4, fiscal year 2017 results

Malibu Boats, Inc. announced its best fourth quarter in company history in a earnings conference call early this morning. "Fourth quarter and full fiscal year 2017 results were records for unit volumes, sales, net income, adjusted EBITDA and adjusted fully distributed net income per share," said Chief Executive Jack Springer. "Both our Malibu and Axis brands performed very well as ...

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Malibu Boats announces license with Wake Worx

Malibu Boats announced that it has licensed its industry-leading wakesurfing patent portfolio to Wake Worx, LLC. Wake Worx supplies the Super Surf'R Aftermarket Surf Tabs to marine manufacturers, primarily in the sterndrive segment. "This means that almost every sterndrive company incorporating a surf wake enhancement device on their boats, and five of the top six inboard companies, are now licensed under Malibu's ...

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Malibu Boats to broadcast Q4 and fiscal 2017 results

Malibu Boats, Inc. announced that it will release its fourth quarter and fiscal 2017 financial results on Thursday, Sept. 7 before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu's Chief Executive Officer Jack Springer and Chief Financial Officer Wayne Wilson. ...

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Axis Wake Research launches new A24

Axis Wake Research launched the new 2018 A24, debuting a new profile and making the Power Wedge II hydrofoil available for the first time on the Axis product. Axis boats are designed, engineered and handcrafted by Malibu Boats in the U.S. Onboard, a new multi-position Sliding Skybox Seat is featured. The 17-person capacity boat features a front lounge area and storage for a full ...

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Malibu launches new version of Wakesetter 23 LSV

Malibu Boats has introduced the new Wakesetter 23 LSV for 2018, the latest version of the wakeboard. The 23 LSV offers seating for 15 in a traditional-bow design with access to the front lounge area. Among the new advances in the 2018 23 LSV, a deeper hull was designed to provide additional storage space, and a new interior features a ...

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Q&A with Jack Springer and Paxson St. Clair

Last month, Malibu Boats announced it had entered an agreement to acquire Cobalt Boats, which officially closed on July 6. The agreement had been in the works since around the beginning of 2017 and the two companies moved quickly and efficiently through the due diligence process. Cobalt offers a surf package with the Volvo Penta Forward Drive engine, and Malibu’s ...

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Malibu Boats launches new websites

Malibu Boats (NASDAQ: MBUU) announced it has launched new websites for both the Malibu and Axis brands, each highlighted by a Build-A-Boat configurator that brings the viewer to the water virtually. "Our new websites bring the sleek feel of Malibu technology to users' screens," said Malibu CEO Jack Springer. "Working closely with MediaMonks, we imagined what the websites might look like in ...

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Malibu Boats to acquire Cobalt Boats

Malibu Boats, Inc. (NASDAQ: MBUU)  announced that it has entered into a definitive agreement to acquire Cobalt Boats, LLC, a privately held, leading manufacturer and distributor of premium sterndrive and outboard boats for an aggregate purchase price of $130 million, subject to customary adjustments for the amount of working capital in the business at the closing date and subject to adjustment for any ...

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