Analyst upbeat about Malibu Boats sales

Author:
Updated:
Original:

Wells Fargo analysts say in a research report that Malibu Boats should benefit in fiscal 2015 from one new and one refreshed model for both its Malibu brand and its Axis brand, along with significant surf system, tower and control panel enhancements.

The analysts said they believe that Malibu and Axis combined gained modest market share during fiscal 2014 and that the Malibu brand will recoup market share in 2015 because of new and refreshed product as the Axis brand makes modest additional gains.

The analysts said Malibu’s acquisition of the equity interests of the Malibu Boats licensee in Australia is projected to close Oct. 1 and is expected to provide immediate growth.

The Australian-licensed business is operated by Malibu Boats Pty Ltd. and includes distribution rights in the Australia and New Zealand markets, as well as a manufacturing facility in Albury, Australia.

The analysts said minimal capital investment will be required for operations, which will provide Malibu with direct access to the important Australian, New Zealand and Southeast Asia markets.

Related

Yanmar Names Power Solutions Division Manager

Carl J. Micu will oversee sales and the development of long-term growth plans.

Lippert Components Rebrands

The company’s core line of marine, RV and commercial products, including Lewmar and Taylor Made, will be branded as Lippert.

‘A Strong Finish to a Strong Year’

Booming demand for boats continued as the year ended, with the industry posting the highest number of sales since 2007.

Culture Summit 2.0

Correct Craft will gather “organizational culture drivers” for its second summit, which will take place virtually March 3.

Quick Hits: January 22, 2021

B.A.S.S. now taking noms for ‘21 Bassmaster High School All-American Fishing Team and Yacht Sentinel teams with Fountaine Pajot to equip its lineup with connected boat technology.

Teak Isle Expands Operations

The Florida-based manufacturer purchased a 45,000-square-foot facility and two additional CNC routers.