Malibu Boats Inc
NASDAQ:MBUU
Malibu Boats Inc
Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats. The company is headquartered in Loudon, Tennessee and currently employs 2,645 full-time employees. The company went IPO on 2014-01-31. The firm operates through three segments: Malibu, Saltwater Fishing and Cobalt. The Malibu segment includes manufacturing, distributing, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Saltwater Fishing segment includes manufacturing, distributing, marketing and sales throughout the world of Pursuit boats and the Maverick Boat Group boats (Maverick, Cobia, Pathfinder and Hewes). The Cobalt segment includes manufacturing, distributing, marketing, and sale of Cobalt boats throughout the world. The firm's boats are used for a range of recreational boating activities including, among others, water sports such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. The company sells its boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brand names.
Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats. The company is headquartered in Loudon, Tennessee and currently employs 2,645 full-time employees. The company went IPO on 2014-01-31. The firm operates through three segments: Malibu, Saltwater Fishing and Cobalt. The Malibu segment includes manufacturing, distributing, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Saltwater Fishing segment includes manufacturing, distributing, marketing and sales throughout the world of Pursuit boats and the Maverick Boat Group boats (Maverick, Cobia, Pathfinder and Hewes). The Cobalt segment includes manufacturing, distributing, marketing, and sale of Cobalt boats throughout the world. The firm's boats are used for a range of recreational boating activities including, among others, water sports such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. The company sells its boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brand names.
Revenue: Net sales of $188.6 million were reported, slightly above company expectations but down 5.8% year-over-year.
EBITDA Margin: Adjusted EBITDA margin for Q2 was 4.3%, down from 8.4% last year, with gross margin pressured by lower sales and higher costs.
Inventory & Dealers: Dealer inventories are healthy and well-managed compared to the broader industry, with some modest channel destocking expected for the year.
Full-Year Outlook: Guidance remains unchanged; sales are expected to be flat to down mid-single digits for fiscal year 2026, with EBITDA margin guidance of 8% to 9%.
Share Repurchases: $20.8 million in shares were repurchased during the quarter, and the authorization was expanded to $70 million.
Cost Initiatives: Centralized sourcing is starting to benefit margins and is expected to drive further improvement in the second half.
Promotions & Market: Promotional activity remains competitive but is returning to a more normal cadence; customer response to new models and financing offers is positive.
