Malibu Boats said it has introduced new 2017 versions of its flagship M235 and Wakesetter 22 VLX models.
A jury ordered Malibu Boats to pay Marine Power Holding LLC more than $3.1 million following a breach-of-contract dispute filed in U.S. District Court for the Eastern District of Louisiana.
Malibu Boats said it saw net fourth-quarter sales increase 9.8 percent to $66.7 million from the same quarter last year and unit volume increased 2 percent to 922 boats.
Malibu Boats said today that it has licensed what it said is its industry-leading wakesurfing innovations to Chaparral Boats.
Malibu Boats introduced the 22 MXZ and 24 MXZ Wakesetters for 2017, with completely new hulls combined with Malibu’s integrated surf platform.
Malibu Boats is introducing the new 2017 Wakesetter 21 VLX.
Malibu Boats named Eric Bondy as its new vice president of sales and marketing.
Net sales at Malibu Boats increased 5.8 percent to $68.5 million during the company’s fiscal third quarter and net sales per unit rose 8.6 percent to $71,769.
B. Riley initiated coverage on Malibu Boats with a buy rating and a price target of $22 a share.
Malibu Boats reported a net sales increase of 9.1 percent in its second quarter, bringing in $60.5 million, compared with $55.5 million in the same period a year earlier.