MALIBU BOATS (MBUU) Company Report

Malibu Boats, Inc. appointed David S. Black as Chief Financial Officer, effective November 13, 2025, succeeding Bruce W. Beckman, who resigned on November 12, 2025.
Mr. Black, 43, previously served as the Company's Vice President, Finance since November 2023 and interim Chief Financial Officer from April 2023 to November 2023.
His new compensation package includes an annual base salary of $400,000, eligibility for a target annual cash bonus of up to 75% of his base salary, and a grant of $100,000 in time-based restricted stock units vesting over three years.
In connection with his departure, Bruce W. Beckman will receive his base salary for one year and continued vesting of equity awards through a consulting term ending December 31, 2025.
The Company reaffirmed its fiscal year 2026 guidance, anticipating net sales to be flat to down mid-single digits percentage points year-over-year, and an Adjusted EBITDA margin ranging from 8% to 9%.

Nov 13, 2025, 12:03 PM

8-K

Malibu Boats Appoints New CFO and Reaffirms FY2026 Guidance

MBUU

CFO Change

Guidance Update

Malibu Boats, Inc. (MBUU) has appointed David S. Black as its new Chief Financial Officer, effective immediately, succeeding Bruce W. Beckman, whose resignation was effective November 12, 2025.
Mr. Black has served in various financial roles at the company since 2017, including Vice President, Finance, interim Chief Financial Officer, Corporate Controller, and Director of Internal Audit.
The company reaffirmed its fiscal year 2026 guidance, anticipating net sales to be flat to down mid-single digits percentage points year-over-year, and an Adjusted EBITDA margin ranging from 8% to 9%.

Nov 13, 2025, 12:00 PM

Press Release

Malibu Boats, Inc. Reports Q1 2026 Results

MBUU

Earnings

Guidance Update

Demand Weakening

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.
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.
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.
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%.

Oct 30, 2025, 12:30 PM

Presentation

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

MBUU

Earnings

Guidance Update

Demand Weakening

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%.
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.
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%.
For Q2 fiscal year 2026, the company expects sales between $175 million and $185 million and adjusted EBITDA margins ranging from 3% to 5%.
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.

Oct 30, 2025, 12:30 PM

Transcript

Malibu Boats, Inc. Announces First Quarter Fiscal 2026 Results

MBUU

Earnings

Guidance Update

Demand Weakening

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.
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.
Adjusted EBITDA for the quarter increased 19.1% to $11.8 million, and adjusted net income per share increased 114.3% to $0.15.
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%.

Oct 30, 2025, 11:01 AM

8-K

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

MBUU

Guidance Update

New Projects/Investments

Product Launch

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.
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.
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.
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.

Sep 25, 2025, 2:00 PM

Presentation

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

MBUU

Guidance Update

New Projects/Investments

M&A

Malibu Boats, Inc. introduced a new management team and a "Build, Innovate, Grow" strategy aimed at future expansion and value creation.
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.
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%.
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.
Growth initiatives include expanding into technology and connectivity, parts and accessories, and marine services, alongside new businesses like Marine Components and MBI Acceptance.

Sep 25, 2025, 2:00 PM

Transcript

Malibu Boats Announces Q4 and Full Fiscal Year 2025 Results, Provides FY26 Guidance

MBUU

Earnings

Guidance Update

Demand Weakening

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.
For fiscal year 2025, the company generated $28,900,000 in free cash flow and returned $35,900,000 to shareholders through share repurchases.
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.
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.
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.

Aug 29, 2025, 1:36 AM

Earnings Transcripts

Quarterly earnings call transcripts for MALIBU BOATS.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Steven Menneto say about margins?What are MALIBU BOATS's strategic priorities?How is MALIBU BOATS positioned vs competitors?How did MALIBU BOATS do last quarter?

Let Fintool AI Agent track MALIBU BOATS's earnings for you

Get instant analysis when filings drop