Skip to main content

Malibu Boats sees big sales jump across its product lines

Malibu

Malibu Boats said net sales for its third quarter ended March 31, 2019 were up 42.4 percent to $199.9 million compared to the same period a year ago. Malibu said net income rose 32.2 percent to $22.2 million for the quarter.

The company said in a statement that unit volume was up 17.2 percent to 2,094 boats and net sales per unit also increased 21.4 percent to $95,472 per unit, compared to the third quarter of fiscal year 2018. Malibu manufactures the Malibu, Axis, Pursuit and Cobalt brands.

“Our ability to acquire great brands, integrate them, and drive increased value continues to be a substantial contributor in driving our results,” said Jack Springer, Malibu Boats CEO, in the statement. “The boat show activity earlier this year was strong, producing great year-over-year growth in orders. In particular, our Model Year 2019 products and innovations continue to be very well received by both customers and dealers.”

The Pursuit integration, added Springer, is “progressing smoothly” at the brand’s Florida facility.

“We are working diligently to expand our production capacity,” said Springer. “We also remain on track with our vertical integration initiatives to bring our Malibu Monsoon engines to 100 percent of our Malibu and Axis boats by fiscal year 2020.”

Springer said that dealer inventory levels “remain at appropriate levels” for the prime retail selling season. He said he is “incredibly optimistic” about the U.S. market through the end of the fiscal year.

Sales for its Malibu U.S. sales were up 18.6 percent, or $15.9 million, to $101.6 million for the third quarter, while unit volumes were up by 124 compared to the same period a year ago.

Its Cobalt segment saw sales rise by 12.3 percent, or $6.1 million, to $56.0 million for the quarter. Unit volumes were up by 30 compared to last year.

The statement said Pursuit sales were $36.5 million and 143 units for the most recent quarter. 

Related

1_TRAVELIFT.COOP

Marine Travelift Launches Co-op Program

The company received its first student, a University of Wisconsin engineering major, in the seven-month paid co-op.

1_JULY4

Trade Only Today Returns Tuesday

The e-newsletter will not publish July 4 in observance of Independence Day. We wish everyone a safe holiday weekend.

1_ORR.FUNDS

ORR Announces Federally Funded Projects

The U.S. Economic Development Administration prioritized outdoor recreation for the first time

Norm#4

Ten Ways To Sell in a Tough Economy

These keys to successful selling can help you create customers who keep coming back, even when sales dip

1_ASA.BOARD

ASA Names New Board Members

The American Sportfishing Association filled two at-large seats and two regional seats on its board of directors.

1_EXEC.SEARCH

Dammrich, Hopkinson Partner With Marine Resources Recruitment

The industry veterans will help clients fill executive-suite, marine industry job openings around the world.

1_PULSE.PING.0630

DEALERS: How Was Business in the First Half of 2022?

With the second quarter coming to a close, was there parity between the budget and financial performance in the first six months? Take the Pulse Report survey here.

1_PMMPODCAST

Passagemaker Relaunches Podcast

Trawler Talk aims to connect with those who are interested in the cruising lifestyle, with episodes dropping every other week