GlobeNewswire·Nov 13, 2025, 7:00 AM ET

Malibu Boats, Inc. Announces Appointment of David Black to Chief Financial Officer

Malibu Boats, Inc. appointed David S. Black as Chief Financial Officer effective November 13, 2025, succeeding Bruce W. Beckman whose resignation took effect on November 12, 2025.
Black previously served as the company's Vice President of Finance since November 2023, interim CFO from April to November 2023, Corporate Controller from November 2020 to April 2023, and Director of Internal Audit starting in 2017.
Black holds a B.A. in finance from Fairmont State University, possesses over 19 years of accounting experience, and is a Certified Public Accountant as well as a Certified Internal Auditor.
CEO Steve Menneto stated that Black's deep business understanding \& proven track record in financial excellence make him the ideal leader to guide the company through its next phase of growth.
Black expressed excitement to continue the strategy presented at the investor day, focusing on growth, financial strategy, shareholder value, strategic M&A, \& disciplined capital allocation.
The company reaffirmed its fiscal 2026 guidance of net sales flat to down mid-single digits percentage year-over-year \& an Adjusted EBITDA margin between 8% \& 9%.
Malibu Boats did not provide reconciliations for Adjusted EBITDA margin due to the unreasonable efforts exception under Regulation S-K, citing unpredictable costs related to vertical integration, stock-based compensation, \& litigation.