Malibu Boats (NASDAQ:MBUU) Announces Quarterly Earnings Results

Malibu Boats (NASDAQ:MBUU) released its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06), FiscalAI reports. Malibu Boats had a net margin of 0.18% and a return on equity of 4.78%. The business had revenue of $252.94 million during the quarter, compared to the consensus estimate of $257.64 million. During the same period last year, the company posted $0.15 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year.

Here are the key takeaways from Malibu Boats’ conference call:

• Net sales rose 29.9% to $252.9 million, including $51.1 million from Saxdor, while adjusted EBITDA increased 21.7% to $14.3 million. Excluding Saxdor, adjusted EBITDA fell to $10.3 million from $11.8 million, with weaker Malibu performance weighing on legacy results.
• Management said summer retail demand softened, particularly in ski/wake boats, as payment-sensitive buyers remained cautious; industry powerboat registrations fell about 11% in July–September. The company expects a mid- to high-single-digit market decline through the transition period and plans to keep wholesale shipments aligned with retail demand amid elevated incentives.
• U.S. Saxdor production at Fort Pierce began ahead of schedule, with serial production underway and capacity for about 200 boats annually before a plant expansion. Saxdor’s 8% adjusted EBITDA margin reflects ramp-up investment, and management expects margins to move toward 10%–11% as production scales and the model mix shifts to larger boats.
• For the December quarter, the company forecast net sales of $236 million–$248 million and adjusted EBITDA of $13 million–$15 million. Management expects the July–December transition period to have lower margins than the following six months, partly because of Saxdor’s production ramp, and cautioned that the transition-period results should not be annualized.
• Free cash flow was negative $39.5 million, primarily reflecting a seasonal inventory rebuild, annual compensation and dealer incentive payments; management expects working-capital needs to ease through the first half of calendar 2027. The company ended September with $213.5 million of available liquidity and pro forma net leverage of about 1.5 times.

Malibu Boats Stock Performance

Malibu Boats stock traded down $4.04 during trading on Thursday, reaching $20.71. The company had a trading volume of 935,927 shares, compared to its average volume of 265,632. Malibu Boats has a 52 week low of $19.46 and a 52 week high of $34.97. The firm’s 50-day simple moving average is $23.72 and its 200 day simple moving average is $26.88. The firm has a market capitalization of $407.57 million, a price-to-earnings ratio of 19.64 and a beta of 1.20. The company has a current ratio of 1.43, a quick ratio of 0.60 and a debt-to-equity ratio of 0.31.

Key Headlines Impacting Malibu Boats

Here are the key news stories impacting Malibu Boats this week:

• Positive Sentiment: Revenue rose 28.1% year over year to $252.94 million, showing growth compared with the same quarter last year. Malibu Boats quarterly results
• Negative Sentiment: Quarterly earnings were $0.15 per share, below the $0.21 consensus estimate, while revenue of $252.94 million also fell short of analysts’ $257.64 million forecast. The earnings miss is a near-term concern despite year-over-year sales growth. Malibu Boats earnings miss
• Negative Sentiment: Coverage cited deteriorating retail activity and a cautious outlook, raising concerns that softer consumer demand could weigh on future sales and results. Sales miss and retail activity outlook

Analyst Ratings Changes

Several equities research analysts recently commented on MBUU shares. Zacks Research cut Malibu Boats from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Truist Financial decreased their target price on Malibu Boats from $34.00 to $26.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Benchmark restated a “buy” rating on shares of Malibu Boats in a research note on Friday, August 28th. Wall Street Zen cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Malibu Boats in a report on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.00.

About Malibu Boats

Malibu Boats, Inc is a recreational powerboat manufacturer headquartered in Loudon, Tennessee. The company designs, manufactures and sells boats for watersports, boating and fishing activities, serving consumers through a network of independent dealers in the United States and international markets.

Its portfolio includes Malibu and Axis wake and watersports boats, as well as a range of saltwater and freshwater fishing and offshore boats sold under brands including Pursuit, Maverick, Cobia, Pathfinder and Hewes.