Earnings Releases·Nov 5, 2026, 7:04 AM ET

Malibu Boats, Inc. — Q1 2027 (Three Months Ended September 30, 2026) Earnings Summary

Net sales rose 29.9% year-over-year to $252.9 million and GAAP net income turned positive at $6.1 million ($0.30 per share), driven by $51.1 million in new Saxdor revenue and volume growth in Cobalt and Saltwater Fishing, though Adjusted EBITDA margin contracted to 5.7%.
The Board approved a fiscal year-end change from June 30 to December 31, establishing a transition period through December 31, 2026, with guidance set at $489–$501 million in net sales and $27.3–$29.3 million in Adjusted EBITDA for the six-month period.
Management cited a softer retail environment and increased dealer incentive costs as headwinds, resulting in a $31.1 million net cash outflow from operating activities due to inventory rebuilds and receivable increases.
Strategic milestones include the completion of the first U.S.-built Saxdor boats, a July refinancing extending debt maturity to 2031, and the retention of a $70 million share repurchase authorization.