Malibu Sales Down in 2024 Second Quarter
January 31, 2024
The company reported a decline in net sales of 37.7% year-over-year and gross margin of 17.8%.
The company reported a decline in net sales of 37.7% year-over-year and gross margin of 17.8%.
Bruce Beckman comes to the company with extensive finance and operations management experience.
Net sales were down 15.3%, and gross profit declined 23% on a year-over-year basis.
The warning stems from an accident involving a model built by Malibu Boats West, “a separate, legal entity whose assets were purchased by Malibu Boats LLC in 2006.”
Net sales of $1.4 billion were up 14.3%, driven largely by increased unit volumes in saltwater fishing and Cobalt segments.
Net sales of $375.1 million were driven by increased volume in the saltwater fishing and Cobalt segments.
David Black, who serves as corporate controller, replaces Wayne Wilson until a permanent replacement is found.
Soundings Trade Only sits down with the Malibu Boats president to discuss today’s consumer and how the company strategized during the pandemic.
The company posted net sales of $338.7 million and gross profit of $75.7 million, driven largely by demand for premium models.
Net sales of $302.2 million were an increase of 19.2% compared with the year-prior quarter.
The company reported a decline in net sales of 37.7% year-over-year and gross margin of 17.8%.
Bruce Beckman comes to the company with extensive finance and operations management experience.
Net sales were down 15.3%, and gross profit declined 23% on a year-over-year basis.
The warning stems from an accident involving a model built by Malibu Boats West, “a separate, legal entity whose assets were purchased by Malibu Boats LLC in 2006.”
Net sales of $1.4 billion were up 14.3%, driven largely by increased unit volumes in saltwater fishing and Cobalt segments.
Net sales of $375.1 million were driven by increased volume in the saltwater fishing and Cobalt segments.
David Black, who serves as corporate controller, replaces Wayne Wilson until a permanent replacement is found.
Soundings Trade Only sits down with the Malibu Boats president to discuss today’s consumer and how the company strategized during the pandemic.
The company posted net sales of $338.7 million and gross profit of $75.7 million, driven largely by demand for premium models.
Net sales of $302.2 million were an increase of 19.2% compared with the year-prior quarter.
