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Malibu Reports Record Q3


Malibu Reports Record Q3
May 4, 2021
Malibu Boats reported net sales of $273.2 million for its fiscal third quarter, a 50 percent increase, and net income of $35.1 million, a 47.2 percent increase, both records for the Loudon, Tenn.-based builder.
Gross profit was also up significantly, a 57 percent surge to $72 million.
Malibu said the chief factors for the strong quarter were a favorable mix of Malibu and Cobalt models and increased production volumes in the saltwater segment, primarily attributed to its
Total unit volumes for the quarter were up 658 units 37 percent to 2,454, with all brands showing net sales increases. Net sales in the Malibu segment led the charge, with an increase of 34.6 percent to $138 million. ....

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