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#PlaybyPlay Episode 25: Malibu Boats (NasdaqGS: $MBUU) Announces Q1 2021 Fiscal Results and AMMO Completes Acquisition of Brass Casing Division

NBPA Votes to Start Season on Dec 22 and WWE (NYSE: $WWE) Celebrates Undertaker's Legacy in November

Play by Play - the latest sports headlines and sports stock news

 

Point Roberts, WA and Delta, BC - November 6, 2020 (Investorideas.com Newswire) Investorideas.com, a leader in investor news and research issues today's edition of Play by Play covering what's new in sports and esports headlines plus recent news from publicly traded companies.

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#PlaybyPlay Episode 25: Malibu Boats (NasdaqGS: $MBUU) Announces Q1 2021 Fiscal Results and AMMO Completes Acquisition of Brass Casing Division

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Play by Play - the latest sports headlines, esports and sports stock news

Malibu Boats, Inc. (NasdaqGS:MBUU) has announced its first quarter fiscal 2021 results. Some highlights include an increase over Q1 2020 in net sales of 5.2 percent to $181.0 million, an increase in gross profits over Q1 2020 of 14.3 percent to $45.7 million, and an increase in net income over Q1 2020 of 32.1 percent to $22.0 million. The company's CEO, Jack Springer, commented:

"Our team delivered a phenomenal start to fiscal year 2021. We captured insatiable demand for our innovative boats, while at the same time flexing our competitive leadership and vertical integration capabilities to support fantastic margins in our seasonally lowest margin quarter. During the quarter, we benefited from the hot retail environment, customer desire for larger boats with more features and options, and flawless execution of our operational excellence initiatives. As a result, we have not skipped a beat, as we further drove market share gains and extended our leadership position in our highly attractive markets."

Ammunition and munition components manufacturer AMMO, Inc. (OTC:POWW) has completed the $27 million acquisition of the Jagemann Stamping Company's (JSC) brass casing division. According to the press release, the casing division was "regarded as one of the best-in-class brass suppliers to the ammunition and munition components industry for decades." Fred Wagenhals, AMMO's CEO, explained:

"We targeted JSC's well-established brass casing division in 2018 and closed the transaction in early 2019, rebranding the operations as Jagemann Munition Components (JMC), because of the industry leading position they had established based upon their cutting-edge equipment and world class team. We have seamlessly integrated that team and operation into the AMMO operations since closing in 2019 and are excited to have concluded the transaction with the early payoff of the Seller Note."

NBPA Votes to Start Season on Dec 22 and WWE Celebrates Undertaker’s Legacy in November

The Associated Press reports that the NBA's Players Association voted yesterday to begin its upcoming season on December 22. The vote by the National Basketball Players Association (NBPA) included a representative player from each team in the league. However, player salaries in the shorter-than-usual season, and "how the league and the players will navigate testing and other health and safety issues amid the ongoing coronavirus pandemic," remain unresolved issues. The NBPA said in a statement:

"Additional details remain to be negotiated and the NBPA is confident that the parties will reach agreement on these remaining issues relevant to the upcoming season."

WWE (NYSE:WWE) has announced Undertaker's Final Farewell, celebrating legendary wrestling superstar Undertaker and capping off his career, as part of the Survivor Series on Sunday, November 22. The WWE is commemorating 30 years of the wrestler's legacy throughout the month. An excerpt from the press release details the toast to the star's career:

"WWE is celebrating "30 Years of the Deadman" throughout November, including recently debuted documentaries "Meeting The Undertaker" and "WWE Untold: The Phenom and The Legend Killer" on WWE Network as well as "The Mortician: The Story of Paul Bearer" premiering this Sunday, November 8 and "Brothers of Destruction," which premiered in October at the Austin Film Festival, and will stream on WWE Network on Sunday, November 15. In addition, Undertaker will be a special guest on "Steve Austin's Broken Skull Sessions" immediately following Survivor Series."

Sam Mowers, Investorideas.com

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