Malibu Boats Stock Price, News & Analysis

Malibu Boats, Inc. (MBUU) is set to release its third quarter fiscal 2023 financial results on May 3, 2023, before the market opens. Following this announcement, the management team, including CEO Jack Springer and Interim CFO David Black, will hold a conference call at 8:30 a.m. ET to discuss the results. Interested analysts and investors can join the call by calling (833) 630-1956 or (412) 317-1837, or by accessing a live webcast on the company's Investor Relations page. The call will be archived on the website for twelve months. Malibu Boats designs and manufactures a variety of recreational powerboats, leading the market in the performance sport boat sector.

Malibu Boats, Inc. (Nasdaq: MBUU) has appointed David Black as the new Interim Chief Financial Officer, effective April 19, 2023, following the resignation of Wayne Wilson. Wilson will assist in the transition until May 12, 2023, before moving to a similar role at a private equity-backed firm. David Black, who has been with Malibu since 2020 as Corporate Controller, has significant experience in finance and internal audit, positioning him well for this role. The Board is actively searching for a permanent successor. CEO Jack Springer and Chairman Michael K. Hooks expressed gratitude for Wilson's contributions and confidence in Black's capabilities to maintain operational continuity during this transition.

Malibu Boats reported strong financial results for Q2 FY2023, with net sales rising 28.4% to $338.7 million and net income increasing 17.5% to $36.4 million. The unit volume grew 17.7% to 2,439 units, driven by demand across all segments. Gross profit improved 19.0% to $75.7 million, though gross margin decreased to 22.3% from 24.1%. Adjusted EBITDA climbed 19.7% to $57.6 million, with an adjusted EBITDA margin of 17.0%. For FY2023, the company expects mid to high single-digit net sales growth and a slight decline in adjusted EBITDA margin.

Malibu Boats, Inc. (MBUU) will announce its fiscal Q2 2023 financial results on February 7, 2023, before the market opens. CEO Jack Springer and CFO Wayne Wilson will lead a conference call at 8:30 a.m. Eastern Time post-release. Investors can join by calling either (844) 763-8274 or (412) 717-9224, or via a live webcast available on the company's Investor Relations webpage. A replay of the call will be accessible for twelve months. Malibu Boats is a prominent designer and manufacturer of recreational powerboats, holding leading positions across various categories including performance sport and sterndrive boats.

Malibu Boats reported strong first-quarter results for fiscal 2023, ending September 30, 2022. Net sales rose 19.2% to $302.2 million, driven by increased unit volumes and price inflation across segments. Gross profit increased 24.9% to $74.6 million, while net income rose 29.3% to $36.1 million. Adjusted EBITDA grew 27.6% to $57.1 million. Malibu anticipates mid to high single-digit sales growth for the full fiscal year. Despite ongoing supply chain challenges, demand remains strong, particularly for larger boats. The company's operational excellence is expected to continue driving profitable growth.

Malibu Boats, Inc. (MBUU) plans to release its first quarter fiscal 2023 financial results on November 4, 2022, ahead of market opening. The company's management, led by CEO Jack Springer and CFO Wayne Wilson, will host a conference call at 8:30 a.m. ET to discuss the results. Investors can register for the call to receive access details or listen to a live webcast via the Investor Relations section of Malibu's website, where a replay will be available for twelve months.