Malibu Boats Inc. Expands Share Repurchase Program to $70 Million

Rhea-AI Summary

Malibu Boats (Nasdaq: MBUU) on Dec. 19, 2025 increased its authorized share repurchase program from $50 million to $70 million. The board said the expansion reflects confidence in the company’s long-term strategy and financial position while maintaining a focus on investing in core businesses and returning excess capital to shareholders.

The program permits open-market purchases, accelerated repurchases, privately negotiated transactions and other methods, but does not require any repurchases and may be suspended at any time. During the second quarter the company repurchased $20.7 million of shares under the program.

Positive

• Authorization increased by $20 million to $70 million
• $20.7 million of shares repurchased in Q2 (program in active use)
• Board cites confidence in long-term strategy and financial position

Negative

• Non-binding program — company is not required to repurchase any shares
• Program may be suspended at any time depending on conditions

Key Figures

Repurchase authorization $70 million Total size of expanded share repurchase program

Prior authorization $50 million Original size before increase of repurchase program

Shares repurchased $20.7 million Shares repurchased during the second quarter under the program

Market Reality Check

$29.31 Last Close

Volume Volume 138,307 is below the 20-day average of 258,797, suggesting limited pre-news positioning. low

Technical Price $29.33 is trading below the 200-day MA $31.16 and about 31% under the 52-week high.

Peers on Argus

MBUU was up 0.65% pre-news while key peers were mixed: MCFT up 1.92%, WGO down 2.09%, MPX, LCII, and DOOO modestly negative. The pattern points to stock-specific factors rather than a broad recreational/boat sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 13	CFO appointment	Positive	-4.1%	New CFO appointed and fiscal 2026 guidance reaffirmed.
Oct 30	Earnings update	Neutral	-13.3%	Q1 2026 results with higher sales but pressured margins and loss.
Oct 29	Product showcase	Neutral	-2.4%	New models and innovations highlighted at major boat show.
Oct 16	Earnings call notice	Neutral	-0.1%	Announcement of Q1 2026 earnings release and conference call.
Sep 25	Investor event	Neutral	-0.8%	Investor Day outlining strategic growth and value initiatives.

Pattern Detected

Recent company news, including earnings and management changes, has been followed by negative 24h price reactions, indicating a tendency for the stock to trade down on announcements.

Recent Company History

Over the last few months, Malibu Boats has focused on communication and leadership changes, with events like an Investor Day on Sep 25, 2025, boat show product showcases, and first‑quarter fiscal 2026 results on Oct 30, 2025. Financial updates showed rising net sales but pressured margins and a narrowed net loss. The appointment of David Black as CFO on Nov 13, 2025 and reaffirmed guidance framed a steady outlook. Against this backdrop, today’s expanded share repurchase authorization emphasizes capital returns alongside ongoing investment in core businesses.

Market Pulse Summary

This announcement highlights Malibu Boats’ decision to increase its share repurchase authorization to $70 million, signaling an emphasis on capital returns alongside investment in core operations. With $20.7 million already repurchased in the second quarter, the program adds financial flexibility but remains discretionary and can be suspended at any time. Investors may watch execution pace, balance sheet metrics, and future earnings updates to assess how buybacks interact with growth and margin trajectories.

Key Terms

share repurchase program financial

"authorized an increase to the Company’s existing share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

accelerated share repurchases financial

"including open market purchases, accelerated share repurchases, privately"

An accelerated share repurchase is a program where a company hires an investment bank to buy back a large block of its own shares immediately, with the bank later settling the exact number of shares over a short period. Investors care because it quickly reduces the number of shares outstanding, which can raise earnings per share and signal management’s confidence, while also using company cash and potentially affecting future liquidity and valuation.

AI-generated analysis. Not financial advice.

Capital allocation strategy aims to combine investing in core business and returning excess capital to shareholders

LOUDON, Tenn., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU), a U.S. designer and manufacturer of category-leading salt and freshwater recreational powerboat brands, today announced that its board of directors has authorized an increase to the Company’s existing share repurchase program, raising the authorized amount from $50 million to $70 million.

The expanded repurchase program reflects the board’s confidence in MBI’s long-term strategy, financial position, and commitment to delivering value to shareholders.

“The board’s decision regarding the share repurchase program reflects MBI’s sustained business as well as our continued confidence in the long-term prospects for the company,” said David Black, Chief Financial Officer of Malibu Boats, Inc. “We remain focused on investing in our core businesses while returning excess capital to shareholders.”

The timing and number of shares repurchased under the program will depend on a number of factors, including applicable securities law and other regulatory requirements, prevailing market conditions and stock price, liquidity and cash flow considerations, general business and market conditions, and other factors. The share repurchase program permits shares to be repurchased in a variety of methods, including open market purchases, accelerated share repurchases, privately negotiated transactions, or by other methods. The share repurchase program does not require the company to acquire any amount of shares and may be suspended or discontinued at any time.

During the second quarter, the company repurchased $20.7 million of shares under the repurchase program.

About Malibu Boats, Inc.
Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is among the market leaders in the performance sport boat category through its Malibu and Axis boat brands, among the market leaders in the 20’ - 40’ segment of the sterndrive boat category through its Cobalt brand, and among the market leaders leading in the saltwater fishing boat market with its Pursuit and Cobia offshore boats and Pathfinder, Maverick, and Hewes flats and bay boat brands. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit www.malibuboats.com, www.axiswake.com, www.cobaltboats.com, www.pursuitboats.com, or www.maverickboatgroup.com.

Contacts

Press:
MBI@skyya.com

Investor Relations:
InvestorRelations@MalibuBoats.com

FAQ

What did Malibu Boats (MBUU) announce about its share repurchase program on Dec. 19, 2025?

The board increased the authorized repurchase amount from $50 million to $70 million and reaffirmed focus on investing in core businesses while returning excess capital.

How much has Malibu Boats (MBUU) already repurchased under the program?

The company repurchased $20.7 million of shares during the second quarter under the repurchase program.

What repurchase methods does Malibu Boats (MBUU) allow under the expanded program?

The program permits open-market purchases, accelerated share repurchases, privately negotiated transactions, and other methods.

Does the Malibu Boats (MBUU) repurchase program obligate the company to buy shares?

No — the program does not require the company to acquire any shares and may be suspended or discontinued at any time.

How might the expanded $70 million repurchase program affect MBUU shareholders?

Management says the expansion reflects board confidence and could return excess capital to shareholders, while actual repurchases will depend on market, cash flow, and regulatory considerations.

When did Malibu Boats (MBUU) announce the repurchase expansion?

The company announced the increase to $70 million on December 19, 2025.