The earnings call reflects a challenging quarter with several negative financial impacts, such as decreased net sales, unit volumes, and GAAP net income. Despite these challenges, the company managed to perform slightly better than expected, with strong cash generation and successful promotional events. The focus remains on maintaining dealer health and strategic inventory management.
Company Guidance
During the Malibu Boats second quarter fiscal year 2025 conference call, management provided updated guidance in response to challenging market conditions. The company anticipated top-line sales to be flat to down low single digits for the year, adjusting from their original mid single-digit decline forecast. Adjusted EBITDA margins were expected to be around 10%. The company reported a 5.1% year-over-year decrease in net sales to $200.3 million, with unit volume down 11% to 1,222 units. Despite this, consolidated net sales per unit increased by 6.6% to $163.9 per unit, driven by favorable model mix and inflation-driven price increases. Adjusted EBITDA fell 26.3% to $16.9 million, reflecting an adjusted EBITDA margin decrease to 8.4% from 10.9% the prior year. Overall, Malibu Boats focused on disciplined production and dealer health to navigate the current market environment.
Slightly Better Than Expected Q2 Results
The second fiscal quarter results came in slightly higher than expected, despite the traditionally slower time of year.
Malibu Axis Year-End Sales Event Success
The event saw higher overall retail sell-through and good participation compared to last year with moderating levels of promotional support.
Consolidated Net Sales Per Unit Increase
Net sales per unit increased 6.6% to $163.9 per unit, driven by favorable model mix and inflation-driven price increases.
Strong Balance Sheet
Generated over $28 million in cash from operations in the quarter with capital expenditures of $5.6 million and $10 million in stock repurchases.
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Malibu Boats (MBUU) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
Jan 30, 2025
$38.46
$38.88
+1.09%
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%
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 May 08, 2025, TBA Not Confirmed.
What is Malibu Boats (MBUU) earnings time?
Malibu Boats (MBUU) earnings time is at May 08, 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.