Craig Kennison

Jaime Katz

Noah Zatzkin

Eric Wold

Joseph Altobello

Frederick Wightman

Michael Albanese

Michael Swartz

Brandon Rollé

Griffin Bryan

Martin Mitela

Ryan Williams

- Malibu Boats reported **Q1 fiscal year 2026 net sales of $194.7 million**, an increase of **13.5%** year-over-year, with **adjusted EBITDA rising 19.1% to $11.8 million** and **adjusted EBITDA margin at 6.1%**.  **[0001590976_2215903_3]** 
- The company's **non-GAAP adjusted net income per share was $0.15** for Q1 FY26, and it generated **$2.5 million in free cash flow**.  **[0001590976_2215903_3]** 
- Despite a **soft retail environment** and **elevated dealer inventories**, Malibu Boats reiterated its full-year fiscal 2026 guidance, projecting sales to be **flat to down mid single digit percentage points** and consolidated adjusted EBITDA margins between **8% and 9%**.  **[0001590976_2215903_1]** **[0001590976_2215903_2]** **[0001590976_2215903_3]** **[0001590976_2215903_4]** 
- For Q2 fiscal year 2026, the company expects sales between **$175 million and $185 million** and adjusted EBITDA margins ranging from **3% to 5%**.  **[0001590976_2215903_3]** **[0001590976_2215903_4]** 
- Strategic initiatives include the launch of **MBI Acceptance**, a new financing partnership, and the introduction of several **new model year 2026 products** to drive retail activity.  **[0001590976_2215903_1]**

Malibu Boats Reports Strong Q1 FY26 Results, Reaffirms Full-Year Guidance

- Malibu Boats, Inc. reported **net sales of $194.7 million** for Q1 FY26, an increase of **13.5%** year-over-year, despite ongoing retail softness.  **[0001590976_2215118:9]** **[0001590976_2215118:10]** 
- **Adjusted EBITDA increased by 19.1%** year-over-year to **$11.8 million**, and **Adjusted Net Income Per Share was $0.15** for Q1 FY26.  **[0001590976_2215118:9]** **[0001590976_2215118:10]** **[0001590976_2215118:13]** 
- The company's gross margin for Q1 FY26 was **14.3%**, a decrease of 210 basis points year-over-year, attributed to higher per unit material and labor costs and increased dealer incentive costs.  **[0001590976_2215118:9]** **[0001590976_2215118:10]** 
- Malibu Boats, Inc. generated **positive free cash flow** for the quarter and is maintaining its fiscal year 2026 outlook, projecting **net sales to be flat to down mid-single digits** and an **Adjusted EBITDA Margin of 8% to 9%**.  **[0001590976_2215118:9]** **[0001590976_2215118:11]**

Malibu Boats, Inc. Reports Q1 2026 Results

- Malibu Boats, Inc. reported **net sales of $194.7 million**, an **increase of 13.5%**, and **unit volume of 1,129 units**, an **increase of 10.3%**, for the first quarter of fiscal year 2026, ended September 30, 2025.  **[1590976_0001590976-25-000111_exhibit991-q12026earningre.htm:0]** 
- The company's GAAP net loss significantly decreased by **86.2% to $0.7 million**, resulting in a diluted GAAP net loss per share of **$0.04**.  **[1590976_0001590976-25-000111_exhibit991-q12026earningre.htm:0]** 
- Adjusted EBITDA for the quarter **increased 19.1% to $11.8 million**, and adjusted net income per share **increased 114.3% to $0.15**.  **[1590976_0001590976-25-000111_exhibit991-q12026earningre.htm:0]** 
- For the full fiscal year 2026, Malibu anticipates net sales to be **flat to down mid-single digits** year-over-year, with an Adjusted EBITDA margin ranging from **8%-9%**.  **[1590976_0001590976-25-000111_exhibit991-q12026earningre.htm:3]**

Malibu Boats, Inc. Announces First Quarter Fiscal 2026 Results

- Malibu Boats (MBUU) is positioned as the **#1 Fiberglass Boat Manufacturer** with **8 iconic brands** and a strategy to "Build, Innovate, and Grow" within a **~$13 billion Total Addressable Market**.  **[1590976_2157704:5]** **[1590976_2157704:6]** 
- The company is focused on enhancing operating performance through vertical integration and leveraging scalable capacity, anticipating an **~250 basis points of Adjusted EBITDA Margin Opportunity**.  **[1590976_2157704:8]** 
- Malibu Boats reported **Adjusted Free Cash Flow of $35.0 million for FY 2024** and **$28.9 million for FY 2025**, with a projected **$200.0 million** under a mid-cycle plus outperformance framework. The company maintains a strong financial position with **$37 million in Cash & Cash Equivalents** and **over $300 million in available liquidity** as of Q4 2025, supported by a disciplined capital allocation framework.  **[1590976_2157704:30]** 
- Significant product development is underway across its brands, including **11 new model year boats unveiled in FY25** and **44 new models launched since 2015** for Malibu-Axis, demonstrating a commitment to customer-centric innovation.  **[1590976_2157704:9]** **[1590976_2157704:15]**

Malibu Boats Outlines Strategic Growth and Financial Outlook at Investor Day 2025

- Malibu Boats, Inc. introduced a **new management team** and a "Build, Innovate, Grow" strategy aimed at future expansion and value creation.  **[1590976_2157712_1]** **[1590976_2157712_2]** 
- The company projects a mid-cycle financial opportunity of approximately **$1.3 billion in revenue**, a **17.5% EBITDA margin**, and **$130 million in free cash flow**, based on a return to 2017-2019 market levels without additional market share or products.  **[1590976_2157712_3]** 
- For Fiscal Year 2026, Malibu Boats anticipates markets to be down **mid to high single digits**, revenue to be **flat to down mid-single digits**, and adjusted EBITDA between **8% and 9%**.  **[1590976_2157712_21]** 
- The company expects to generate **$200 million in free cash flow** at a **65% conversion rate** when the market returns to mid-cycle levels, supported by a strong financial foundation including being **net cash positive** with over **$300 million in available liquidity**.  **[1590976_2157712_23]** 
- Growth initiatives include expanding into technology and connectivity, parts and accessories, and marine services, alongside new businesses like Marine Components and MBI Acceptance.  **[1590976_2157712_2]** **[1590976_2157712_3]**

Malibu Boats Outlines New Strategy and Mid-Cycle Financial Targets at Investor Day

- Malibu Boats reported **Q4 2025 net sales increased 30.4% to $207,000,000** and **adjusted net income per share increased 205% to $0.42**, while full fiscal year 2025 net sales decreased 2.6% to $807,600,000.  **[1590976_tx_339093_3]** 
- For fiscal year 2025, the company generated **$28,900,000 in free cash flow** and returned **$35,900,000 to shareholders through share repurchases**.  **[1590976_tx_339093_1]** **[1590976_tx_339093_4]** 
- The company anticipates fiscal year 2026 net sales to be **flat to down mid-single digit percentage points** and consolidated adjusted EBITDA margins to range from **8% to 9%**, with the overall market expected to decline mid to high single digits.  **[1590976_tx_339093_4]** 
- Fiscal year 2025 was challenging due to a difficult retail environment, with Q4 being the weakest quarter for the broader market, and dealer inventory levels modestly higher by **one to two weeks** at year-end.  **[1590976_tx_339093_1]** **[1590976_tx_339093_4]** **[1590976_tx_339093_5]** 
- Malibu Boats plans to introduce **11 new model year '26 boats** and expects tariffs to have a modest direct impact of **1.5% to 3% on cost of sales** in fiscal year 2026.  **[1590976_tx_339093_1]** **[1590976_tx_339093_2]**

MALIBU BOATS (MBUU)