Skip to main content

Analyst upbeat about Malibu Boats sales

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

Employees Assume Ownership of Imtra Business

Creating an employee stock ownership plan (ESOP), the New Bedford, Mass.-based company has sold ownership rights to its employees.

Raymarine Cyclone Radars Win Good Design Award

The company’s next-generation, open-array radar design won the 2021 global design award in the “research and technology” category.

Brunswick Announces Winners of Sustainability Awards

The new program recognizes excellence in sustainable, responsible practices among Brunswick employees and teams.

Eager Anticipation

The industry awaits the debut of the integrated Discover Boating Miami International Boat Show

Multihull Mover

With two new 28-foot models, Aquila continues to maximize the presence of power catamarans in the broader marketplace

A New Space Jam

Boaters want bigger, more powerful multifunction displays, and designers are innovating to meet the demand

Nothing but Net

The SeaPen portable dry dock makes storage easier for the increasing number of outboard-powered boats

Upgrading a Marina Management System

Technology can help streamline marina operations, increase revenue and optimize the guest experience

High-Tech Vision

The latest advancements in low-light cameras make it safer to navigate when visibility wanes