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.