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Malibu Boats, Inc. Announces Results for the Three Months Ended September 30, 2026

MBUU
  • Malibu Boats, Inc. reported net sales of $252.9 million for the three months ended September 30, 2026, a 29.9% increase from the prior year period.
  • Unit volume rose 15.1% to 1,299 units, driven by 139 units from the new Saxdor segment and growth in Cobalt and Saltwater Fishing segments.
  • Gross profit increased 35.5% to $37.8 million, with gross margin expanding to 15.0% from 14.3% in the previous year.
  • GAAP net income turned positive to $6.1 million, reversing a $0.7 million net loss from the same period in 2025.
  • Adjusted EBITDA grew 21.7% to $14.3 million, while adjusted net income per share remained consistent at $0.15.
  • The Board of Directors approved changing the fiscal year-end from June 30 to December 31, effective November 3, 2026.
  • A six-month transition period from July 1, 2026, to December 31, 2026, will be reported on a Form 10-KT.
  • Net cash used in operating activities was $31.1 million due to seasonal working capital investments and an inventory rebuild.
  • The company holds approximately $213.5 million in total available liquidity with $40.3 million in cash on hand.
  • Management expects net sales of $236 million to $248 million for the three months ending December 31, 2026.
  • The transition period outlook for the six months ending December 31, 2026, forecasts net sales of $489 million to $501 million.
  • Initial calendar 2027 outlook is scheduled to be provided in March 2027 alongside the transition period results.
  • The company maintains a $70 million share repurchase authorization to support capital allocation strategy.
  • Cobalt and Saltwater brands saw volume growth, while the Malibu segment experienced a unit volume decline due to lower wholesale shipments.