Malibu Boats (MBUU) announced that its board of directors has authorized an increase to the Company’s existing share repurchase program, raising the authorized amount from $50M to $70M. The expanded repurchase program reflects the board’s confidence in MBI’s long-term strategy, financial position, and commitment to delivering value to shareholders. “The board’s decision regarding the share repurchase program reflects MBI’s sustained business as well as our continued confidence in the long-term prospects for the company,” said David Black, Chief Financial Officer of Malibu Boats, Inc. “We remain focused on investing in our core businesses while returning excess capital to shareholders.”
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