Latest news with #Cobia
Yahoo
29-06-2025
- Business
- Yahoo
Malibu Boats's Q1 Earnings Call: Our Top 5 Analyst Questions
Malibu Boats delivered first-quarter results that surpassed Wall Street's revenue expectations but fell slightly short on non-GAAP profit. Management attributed sales growth to higher unit volumes in the Malibu segment, a favorable product mix, and increased average selling prices from premium offerings. CEO Steve Menneto noted that new models—particularly the M230 and 25 LSV for Malibu and the Cobia 265 and 285 for Cobia—captured significant customer interest during the boat show season. However, management described the broader retail environment as challenging, citing elevated interest rates and persistent macroeconomic uncertainty weighing on discretionary purchases. Is now the time to buy MBUU? Find out in our full research report (it's free). Revenue: $228.7 million vs analyst estimates of $223.3 million (12.4% year-on-year growth, 2.4% beat) Adjusted EPS: $0.72 vs analyst expectations of $0.74 (2.4% miss) Adjusted EBITDA: $28.32 million vs analyst estimates of $26.29 million (12.4% margin, 7.7% beat) Operating Margin: 7.6%, up from -36.8% in the same quarter last year Boats Sold: 1,431, up 162 year on year Market Capitalization: $610.3 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Craig Kennison (Baird): Inquired about targeted dealer inventory levels. CFO Bruce Beckman stated inventories are expected to end the season below last year, reflecting both company and dealer preferences amid macro uncertainty. Eric Wold (Texas Capital Securities): Asked about promotional activity in response to competitors' inventory challenges. CEO Steve Menneto said Malibu Boats has not elevated promotions and relies on new product strength to remain competitive. Michael Swartz (Truist): Sought clarity on tariff exposure and future risk. Beckman responded that about 18–20% of costs are sourced internationally, but exposure is spread across multiple categories and closely managed. Ryan Williams (KeyBanc): Questioned demand trends and cost levers if conditions deteriorate. Beckman highlighted the company's highly variable cost structure and strong balance sheet as tools to weather further downturns. Michael Albanese (Benchmark): Asked about the Saltwater segment's recovery. Beckman noted improvement in Florida but described the rebound as a return to broader market trends, rather than a full recovery. In the coming quarters, our team will watch (1) continued traction of newly launched models during the next selling season, (2) dealer inventory trends and whether Malibu Boats maintains its disciplined approach, and (3) any shifts in the promotional environment as industry competitors address their own inventory positions. The effectiveness of tariff mitigation and updates to the 2026 model year lineup will also be important markers of execution. Malibu Boats currently trades at $31.80, up from $29.66 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-05-2025
- Business
- Yahoo
Wisconsin Maritime Museum's garden project assisted by $40,000 state grant
MANITOWOC – Wisconsin Maritime Museum's creation of the new Captain Carus Maritime Garden on Franklin Street is now being supported by a $40,000 Vibrant Spaces Grant. The grant comes from the Wisconsin Economic Development Corporation and will help the museum "convert over 20,000 square feet of asphalt into a vibrant outdoor exhibit space and perennial garden," according to a new release from the museum. The new public space will be adjacent to the future Wisconsin Maritime Heritage Center, an extension of the Wisconsin Maritime Museum, and will be situated on museum-owned property on the southwest corner of Franklin Street and 12th Street. Read more: Manitowoc lighthouse to be open for guided tours by the Wisconsin Maritime Museum The Captain Carus Maritime Garden, named in honor of Capt. Edward Carus, who lived and died on this historic property, will feature improvements such as replacing the asphalt with new planting areas and trees, and incorporating maritime artifacts into the landscape. The park will also include an outdoor classroom area, accessible parking, new lighting, updated signs and exterior enhancements to adjacent buildings. As the former home of Carus, the space will also feature a public archaeology component exploring the foundation of the Carus home. Read more: Must-see stops: Cobia submarine, a 'portal to hell' & more landmarks in Manitowoc County The news release states: "This transformation is the product of a strong and growing partnership between the Wisconsin Maritime Museum and the City of Manitowoc. The collaboration reflects a shared commitment to revitalizing the Franklin Street corridor and celebrating Manitowoc's rich maritime heritage." Construction of the Garden is expected to begin this summer with an estimated opening date in 2026. Funding for the garden has also included grants from the Ruth St. John and John Dunham West Foundation and the Fund for Lake Michigan. Community fundraising and volunteer efforts will also support the project as it is implemented. Alisa M. Schafer is a reporter for the Herald Times Reporter in Manitowoc. She can be reached by email at aschafer@ This article originally appeared on Manitowoc Herald Times Reporter: Wisconsin Maritime Museum garden project assisted by $40K state grant
Yahoo
23-03-2025
- General
- Yahoo
World War II submarine at the Wisconsin Maritime Museum celebrates 82nd birthday
MANITOWOC, Wis. (WFRV) – The Maritime Museum celebrated USS Cobia's 82nd birthday on Saturday with a big celebration. 'March has two anniversary dates for Cobia,' explained the museum's Submarine Curator, Karen Duvalle. 'March 17 is when the first section of the keel was laid down, it was launched in November the following year, 1943, and then on March 29, of 1944 is when the sub was commissioned.' Throwing a party for the vessel included fun for the entire family to celebrate its history. New London's St. Patrick's Day parade unites community with festivities, wrapping up week of celebration 'We have some fun carnival games, you can race rubber ducky's in our waterways room, self-guided tours with reenactors on board,' said Duvalle. More importantly, the event allows community members to understand the deep rooted history and connection between Manitowoc and World War ll. 'Manitowoc is Wisconsin's heritage city and we like to celebrate the fact that we made 28 submarines during the war,' Duvalle stated. USS Cobia is scheduled to leave in September of this year for necessary maintenance and preservation work. Cobia is expected to return by the end of October. To donate and assist the museum in the preservation fund, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-02-2025
- Sport
- Yahoo
Fishermen in disbelief as record-breaking catch hauled in off Aussie coast: 'Mind-blowing'
An incredible new world record appears to have been set by an ecstatic group of Australian fishermen who yesterday reeled in a "mind-blowing" cobia fish weighing in at a whopping 80 kilograms. Drew Clowes from boat operator Jazz Charters was fishing yesterday with young angler Koby Duncan — who made the catch — off the coast of Fremantle in Western Australia. Drew said at first he thought Koby had caught a stingray, even encouraging him to "bust it off about five times". But, the pair have thanked their lucky stars Koby held on, now dethroning the previous record holder, also an Australian, who held the title for some 40 years. In a now-viral social media video, the group of fishers can be heard screaming in excitement at reeling in the whopping fish. "This thing is out of control," one of the men said in the video "It's as big Harley [another angler] — holy sh*t! That'll be a state record this thing." Speaking to radio station 6PR, Drew explained that the team are currently "filling in some paperwork" to certify that the catch is in fact a new world record, but they expect the ratification process to soon be completed. "[We're] ticking a few boxes at the moment," he told Perth Today host Simon Beaumont. "It was exciting, I can't lie. I was like a little school kid at the time, it was not something you expect to see in Perth. You do get the odd cobia, but nothing like that." According to the International Game Fish Association, the previous record holder, Peter W. Goulding, caught a 135-pound, 9-ounce (61.5 kg) specimen at Shark Bay all the way back in July, 1985. In the years since, there have been reports of larger cobia catches, but these have not been officially recognised as world records. Aussies stunned by behaviour of massive great white shark Incredible moment family spot relative lost at sea Fishermen catch fish 'rarely seen' in Aussie waters "It was mind-blowing," Drew said. "Once we landed the fish we knew we had something. We guessed something between 60 to 80kgs. We headed back into Fremantle made a few phone calls ... we loaded the fish onto the scales and we knew then and there it was going to be a record." Drew said after bringing the fish onto shore, people flocked to catch a glimpse of the monster catch. We drew a bit of a crowd ... but it has blown up, the phone yesterday didn't stop ringing." Cobia is a highly sought-after fish known for its strong fight and distinct flavour. These fish are typically found in warm coastal waters and can grow up to six feet (1.8 metres) in length and weigh over 100 pounds. Cobia is known for their migratory behaviour, often travelling long distances in search of food and spawning grounds. Catching large fish for world records remains a controversial practice, as it often contradicts principles of marine conservation. While these massive fish are prized for their size, their removal from the ocean can have significant negative consequences for ecosystems and fish populations. Despite these concerns, many sport fishers continue to target large fish in pursuit of world records. Catching a record-breaking fish brings prestige, sponsorship opportunities, and media attention. Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
