Malibu Boats - MBUU STOCK NEWS

Malibu Boats (MBUU) reported challenging second quarter fiscal 2025 results with notable declines across key metrics. Net sales decreased 5.1% to $200.3 million, while unit volume dropped 11% to 1,222 units. GAAP net income saw a significant decrease of 76.1% to $2.4 million, with earnings per share falling to $0.12.

The company experienced decreased wholesale shipments, particularly in Malibu and Saltwater Fishing segments, though Cobalt segment showed growth with a 7.8% increase in net sales. Gross profit margin improved slightly to 18.7% from 17.8%, while Adjusted EBITDA decreased 26.3% to $16.9 million.

Due to weaker retail market trends, management updated full-year guidance, projecting net sales to be flat to down low single digits year-over-year, with Adjusted EBITDA margin at approximately 10%.

Malibu Boats (MBUU) has scheduled the release of its second quarter fiscal 2025 financial results for Thursday, January 30, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time on the same day, led by CEO Steve Menneto and CFO Bruce Beckman.

Investors and analysts can participate by dialing (844) 695-5523 or (412) 317-0699, or by accessing the live webcast through the Investor Relations section of Malibu's website. A replay of the webcast will be available on the company's website for twelve months.

Malibu Boats announced that President Ritchie Anderson will retire effective February 7, 2025. CEO Steve Menneto will assume the role of President, while Senior VP of Operations Donna Tallent will take over MBI operations leadership. Anderson's 40-year career includes 12 years at Malibu Boats, where he served as VP of Operations, COO, and President, following 28 years at MasterCraft Boat Company. Under his leadership, Malibu developed into an industry leader with a strong operational culture focused on delivering high-quality boats.

Malibu Boats (MBUU) reported challenging Q1 fiscal 2025 results with significant declines across key metrics. Net sales decreased 32.9% to $171.6 million, while unit volume fell 39.7% to 1,024 units. The company posted a net loss of $5.1 million compared to a profit last year, with earnings per share dropping to -$0.25. Gross profit decreased 50.3% to $28.2 million, and Adjusted EBITDA fell 74.6% to $9.9 million. Despite these challenges, the company maintains a positive outlook, projecting low single-digit net sales growth for fiscal 2025 with Adjusted EBITDA margin ranging from 10-12%.

Rigrodsky Law, P.A. has announced an investigation into potential claims against the officers and directors of Malibu Boats, Inc. (NASDAQ GS: MBUU) on behalf of stockholders. The investigation focuses on shareholders who purchased or acquired Malibu Boats shares on or before November 4, 2022.

Stockholders interested in learning more about the investigation and their rights can visit the law firm's website at https://www.rl-legal.com/cases-malibu-boats-inc. Additionally, they can contact Leah Wihtelin free of charge at (516) 693-8926 or via email at lw@rl-legal.com for further information.

Malibu Boats, Inc. (Nasdaq: MBUU) has announced the release date for its first quarter fiscal 2025 financial results. The company will disclose the results on Thursday, October 31, 2024, before the market opens. Following the release, a conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss the results.

The call will be hosted by Malibu's Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman. Investors and analysts can participate by dialing (844) 695-5523 or (412) 317-0699. Alternatively, a live webcast will be available on the company's Investor Relations website. A replay of the webcast will be archived on the website for twelve months.

Malibu Boats (MBUU) has unveiled the 2025 Malibu M230, a new ultra-luxury towboat designed to set industry benchmarks. Key features include:

1. 23-foot length, 6,750 lbs dry weight, 16-person capacity
2. New Malibu Command Center with dual touchscreen displays
3. Redesigned interior with flexible seating and storage options
4. G10+ Tower with RGB lighting and optional Wet Sounds Rev 12 speakers
5. Malibu Surf Systems including Surf Gate® Fusion and Power Wedge® III
6. Choice of Monsoon M6Di or 607 HP LT4 engine
7. Industry-first AIS ballast flush system option
8. New online Hi-Def Boat Builder tool for customization

The M230 aims to deliver superior performance, comfort, and luxury in the towboat market.

Malibu Boats, Inc. (MBUU) reported its Q4 and fiscal year 2024 results, showing significant declines across key financial metrics. Net sales decreased 57.4% to $158.7 million in Q4, while unit volume fell 59.0% to 1,045 units. For the full fiscal year, net sales dropped 40.3% to $829.0 million, with unit volume down 45.4% to 5,385 units. The company reported a net loss of $19.6 million for Q4 and $56.4 million for the full year. Adjusted EBITDA also declined significantly. The company attributed these results to lower wholesale shipments driven by weakening retail demand and elevated dealer channel inventory levels. Despite challenges, Malibu Boats remains focused on navigating near-term headwinds while positioning for future growth.

Malibu Boats, Inc. (Nasdaq: MBUU) has announced the release date for its fourth quarter and full-year fiscal 2024 financial results. The company will disclose these results on Thursday, August 29, 2024, before the market opens. Following the release, a conference call will be held at 8:30 a.m. Eastern Time on the same day to discuss the results.

The call will be hosted by key company executives, including CEO Steve Menneto, CFO Bruce Beckman, and Board Chair Michael Hooks. Investors and analysts can participate by dialing (844) 695-5523 or (412) 317-0699. A live webcast will also be available on the company's Investor Relations website, with a replay accessible for twelve months.