The company reported a 50 percent increase in net sales and a 47.2 rise in net income for the fiscal quarter.
The company said its recent acquisition of Maverick Boat Group did not factor in its reporting.
Employees worked more than four years without lost time at the builder’s Loudon, Tenn., plant.
Boulder Boats has locations in Nevada, Arizona and California.
The $150 million purchase of the group’s four brands increases Malibu’s presence in the saltwater outboard segment.
CEO Jack Springer: “A phenomenal start to fiscal year 2021.”
The new luxury wake boat takes its cues from the flagship M240.
Rolling out new models earlier than usual helped boost the company’s bottom line.
Go Surf Assist will pay royalties moving forward.
Production suspensions erased solid results the company was having at the beginning of the quarter.
Marine Products Corp., the parent of Chaparral and Robalo, suspends manufacturing, and BMO Capital Markets moves Brunswick and Malibu stock ratings to “perform.”
Costs related to UAW strike hurt gross profits, but net sales increased across the board.
Price increases contributed to net sales growth.
NMMA touts lawmaker visits as an important advocacy tool for boat manufacturers.
The new 182,000-sq. ft. facility will nearly double production space.
Price increases and operating efficiencies led to higher margins.
Rep. Roger Marshall toured the company headquarters in Neodesha, Kansas.
The company’s facility in Loudon, Tenn., has operated for more than three years without a lost-time incident.
Malibu CEO Jack Springer said that by licensing its patents, the company continues to defend its surf technology from “unauthorized adopters.”
Cobalt Boats’ president and founder meet President Trump for Made in America Product Showcase.
Vice President of Operations Shane Stanfill will take over the lead position.
Jack Springer was recognized for growth and innovation initiatives at Malibu.
Malibu’s purchase of the outboard company has come with investment.
Springer gave an interview to CEO Magazine.