Malibu Boats feels Covid pinch in otherwise strong Q3 results

Tennessee, US-based boatbuilder Malibu Boats Inc said its third quarter of 2020 started off strongly before plant and dealership closures related to the arrival of the Covid-19 pandemic resulted in year-over-year sales and profit declines for the manufacturer of the Malibu, Axis, Cobalt and Pursuit fibreglass boat brands.

Tennessee, US-based boatbuilder Malibu Boats Inc said its third quarter of 2020 started off strongly before plant and dealership closures related to the arrival of the Covid-19 pandemic. CEO Jack Springer told industry analysts on its Q3 earnings call that he feels confident moving forward…

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