Malibu Boats Stock Price, News & Analysis

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.

Malibu Boats, Inc. (MBUU) reported strong financial results for the fourth quarter and fiscal year ending June 30, 2022. Net sales rose by 27.6% to $353.2 million, driven by increased unit volumes and price hikes. Fourth quarter net income increased 42.1% to $49.7 million, with diluted earnings per share at $2.31. For the fiscal year, net sales reached a record $1,214.9 million, a 31.1% increase, and net income was $163.4 million, up 43.0%. Looking ahead, the company expects mid to high single-digit sales growth.

Malibu Boats, Inc. (MBUU) will announce its fourth quarter and full-year fiscal 2022 financial results on August 25, 2022, before the market opens. The management, including CEO Jack Springer and CFO Wayne Wilson, will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Interested parties can register for the call or access a live webcast through the company’s Investor Relations section. A replay will be available on the website for twelve months.

Axis Wake introduces two new models for 2023: the A225 and T235, enhancing the successful A22 and T23 designs. The A225 is designed to create exceptional wakes for wakeboarding and wakesurfing, while the T235 promises superior surf capabilities with enhanced comfort. Both models feature the Wake Plus Hull and integrate advanced innovations like Surf Gate and Power Wedge III for customizable wave conditions. Additionally, new design elements include bold color options and improved interior features for a more comfortable experience. Axis is determined to elevate summer boating experiences.

Malibu Boats (MBUU) announces an exciting model year for 2023, introducing the Wakesetter 26 LSV and the all-new Wakesetter 22 LSV, designed for maximum performance and family enjoyment. The 26 LSV is the longest boat Malibu has ever built, featuring innovative luxury elements and exceptional wake performance. Customization options include new striking colors and upgraded sound systems. Malibu's focus on enhancing user experience is evident with features like a rudder-position sensor and advanced wake control technology. Visit the website for more details.

Malibu Boats (MBUU) reported strong fiscal Q3 2022 results, with net sales rising 26.0% to a record $344.3 million. Unit volume increased 4.4% to 2,562 units. Key metrics included a 56.1% increase in net income to $54.8 million and a 39.9% rise in Adjusted EBITDA to $79.8 million. The company anticipates full-year revenue growth of 28-29% and Adjusted EBITDA margins nearing 20.5%. CEO Jack Springer highlighted operational excellence, strong consumer demand, and successful M&A as key growth drivers.