Malibu Boats, Inc. Announces First Quarter Fiscal 2026 Results

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[{"type":"text","content":"LOUDON, Tenn., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the first quarter ended September 30, 2025. First Quarter Fiscal 2026 Highlights Compared to First Quarter Fiscal 2025: Net sales increased 13.5% to $194.7 millionUnit volume increased 10.3% to 1,129 unitsGross profit decreased 1.0% to $27.9 millionGAAP net loss decreased 86.2% from a net loss of $5.1 million to a net loss of $0.7 millionGAAP net loss available to Class A Common Stock per share (diluted) decreased 84.0% from a net loss of $0.25 per share to a net loss of $0.04 per shareAdjusted EBITDA increased 19.1% to $11.8 millionAdjusted net income per share increased 114.3% to $0.15 per share on a basic weighted-average share count of 19.3 million shares of Class A Common Stock “We delivered strong results in the first quarter in what continues to be a challenging market environment. Prioritizing dealer health remains central to our strategy, and our team executed with discipline to keep channel inventories aligned,” said Steve Menneto, President and Chief Executive Officer of Malibu Boats, Inc. “As we enter boat show season, we are excited to showcase our Model Year 2026 lineup, including the all-new Pathfinder 2600, which was debuted earlier this week at the Fort Lauderdale International Boat Show. Innovation is at the heart of Malibu, and we remain committed to delivering the most advanced technology and highest-quality products across our portfolio of brands.” “Our first-quarter results modestly exceeded our expectations, underscoring solid execution and operational discipline,” said Bruce Beckman, Chief Financial Officer of Malibu Boats, Inc. “We continue to focus on efficiency, cost management, and maintaining balance sheet strength which provides flexibility to navigate near-term conditions and capture opportunity as the market improves.” First Quarter Fiscal 2026 Results (Unaudited) Three Months Ended September 30, 2025 2024 (Dollars In Thousands)Net Sales$194,733 $171,580 Gross Profit$27,931 $28,209 Gross Profit Margin 14.3% 16.4%Net Loss$(710) $(5,147)Net Loss Margin(0.4)% (3.0)%Adjusted EBITDA$11,784 $9,895 Adjusted EBITDA Margin 6.1% 5.8% Net sales for the three months ended September 30, 2025 increased $23.2 million, or 13.5%, to $194.7 million as compared to the three months ended Septem...

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