Posted 2/16/2024, 9:30:29 PM
Marshall Amps Powers Through First Year After Merger, Seeing Revenue and Profit Surge
- The Marshall Group, known for its iconic guitar amps, had a successful first year post-merger with headphone maker Zound Industries
- Revenue grew 29% to $380M and profit was up 77% to $72M in 2022
- The company sees opportunity to grow its <1% share of the $100B music tech market
- It will invest in digital amps, tools, and direct-to-consumer sales along with new product launches
- The CEO believes Marshall represents a "rock and roll attitude" that extends beyond a music genre