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Tag Archives: malibu boats

Marine industry stocks hit lows as stock market drops

Publicly traded companies in the marine industry have certainly not been immune from the recent stock market struggles, with several recently hitting their 52-week lows. The market experienced a day of increased volatility on Monday. At one point, the Dow Jones Industrial Average was down almost 1,100 points, the biggest single-day drop on record. The Dow ended up closing down ...

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Malibu introduces Surf Band remote wave control

Malibu Boats has introduced a new, patented feature for its Integrated Surf Platform - the Surf Band. With the wrist-mounted Surf Band, the user can control all aspects of the wave with the Surf Gate and Power Wedge II hydrofoil, the company says: "Get inside the curl or hang back 20-plus feet. It's your wave; fine-tune it any way you ...

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Malibu files patent suit against MasterCraft

Malibu Boats has filed a lawsuit for patent infringement against MasterCraft Boat Company The complaint, filed in the United States District Court for the Eastern District of Tennessee, alleges that MasterCraft's Gen 2 Surf System and NXT Surf System violate Malibu's U.S. Patent No. 8,578,873. According to the complaint: Seeking to regain market share that Malibu has gained and defended ...

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Malibu Boats, Inc., announces secondary public offering

Malibu Boats, Inc., (Nasdaq:MBUU) ("Malibu Boats" or the "Company"), a leading designer, manufacturer and marketer of performance sport boats, today announced that, subject to market and other conditions, certain selling stockholders of the Company (the "Selling Stockholders") intend to offer 3,475,005 shares of the Company's Class A Common Stock. The Selling Stockholders intend to grant the underwriters an option for ...

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Malibu Boats reports 28.8% sales growth for quarter

Malibu Boats, Inc. (Nasdaq:MBUU) today announced its financial results for the third quarter of fiscal 2015 ended March 31, 2015. Highlights for the Third Quarter of Fiscal 2015 Net sales for the third quarter of fiscal 2015 increased 28.8% to $64.8 million compared to the third quarter of fiscal 2014. Unit volume increased 24.4% to 980 boats, including 80 units ...

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Malibu Boats, Inc. announces Q2 fiscal 2015 results

LOUDON, Tenn.  -- Malibu Boats, Inc. announced its financial results for the second quarter of fiscal 2015 ended December 31, 2014. Highlights for the Second Quarter of Fiscal 2015 Net sales for the second quarter of fiscal 2015 increased 26.3% to $55.5 million compared to the second quarter of fiscal 2014. Unit volume increased 27.9% to 847 boats, including 60 units ...

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Malibu’s next act

An exclusive interview with Malibu CEO Jack Springer about taking the company public, launching a new boat brand and the company’s next phase By Tom Kaiser Malibu Boats, the builder of the Malibu and Axis Wake inboard sport boats, recently went public and began trading on the NASDAQ at a price of $14 a share, giving the 30-plus-year-old Tennessee-based boat ...

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