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Malibu Boats (MBUU)
NASDAQ:MBUU
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.27Last Year’s EPS
$0.57Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -11.35%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Negative
The earnings call presented several positive developments, such as new product launches, industry recognition, and market share gains, but these were overshadowed by significant declines in net sales, unit volume, and profitability, as well as challenges in the market environment due to macroeconomic factors.Company Guidance
During the Malibu Boats earnings call for Q1 2025, the company maintained its full-year guidance despite a challenging market environment. The call highlighted several key metrics, including a 32.9% decrease in net sales to $171.6 million, a 39.7% drop in unit volume to 1,024 units, and an adjusted EBITDA decrease of 74.6% to $9.9 million. The company also reported a gross profit decrease of 50.3% to $28.2 million, with the gross margin falling to 16.4% from 22.2% the previous year. Despite these declines, Malibu Boats noted sequential improvements in gross margins, driven by a reduction in promotional spending and better inventory alignment. Looking forward, the company expects low single-digit percentage growth in net sales for the full fiscal year and consolidated adjusted EBITDA margins between 10% and 12%, with anticipated sequential improvements throughout the year.Model Year '25 Launches
Excited to enter the boat show season with new models, including the Malibu M230 and Cobalt R31, showcasing innovation in luxury and functionality.
Industry Recognition
The 2024 Malibu Wakesetter 23 LSV received the Wake Surf and Wake Board Boat of the Year award for the fifth consecutive year.
Market Share Gains
Cobalt's Sterndrive segment gained 200 basis points, Cobalt's 22- to 24-foot model segment gained over 250 basis points, and Pathfinder's Bay Boat segment gained 400 basis points.
Operational Efficiency
Completed the move of Malibu Electronics, enhancing operational efficiency and positioning for growth as market conditions recover.
Positive ASP Trends
Consolidated net sales per unit increased 11.2% due to favorable model mix and inflation-driven price increases.
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MBUU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MBUU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $42.22 | $44.88 | +6.30% |
| Aug 29, 2024 | $34.84 | $34.75 | -0.26% |
| May 02, 2024 | $33.06 | $31.79 | -3.84% |
| Jan 30, 2024 | $51.03 | $41.56 | -18.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Malibu Boats (MBUU) report earnings?
Malibu Boats (MBUU) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Malibu Boats (MBUU) earnings time?
Malibu Boats (MBUU) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MBUU EPS forecast?
MBUU EPS forecast for the fiscal quarter 2025 (Q2) is $0.27.
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