Malibu Boats, Inc. Announces Third Quarter Fiscal 2025 Results

About this update from Malibu Boats, Inc.

[{"type":"text","content":"LOUDON, Tenn., May 08, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the third quarter ended March 31, 2025. Third Quarter Fiscal 2025 Highlights Compared to Third Quarter Fiscal 2024: Net sales increased 12.4% to $228.7 millionUnit volume increased 12.8% to 1,431 unitsGross profit increased 13.4% to $45.7 millionGAAP net income increased 119.4% to $13.2 millionGAAP net income available to Class A Common Stock per share (diluted) increased 120.1% to $0.66 per shareAdjusted EBITDA increased 16.0% to $28.3 millionAdjusted fully distributed net income per share increased 14.3% to $0.72 per share on a fully distributed weighted-average share count of 20.1 million shares of Class A Common Stock “Our team executed effectively in the third quarter, navigating ongoing market challenges by leveraging our strong brands, disciplined operational performance, and continued focus on dealer health,” commented Steve Menneto, Chief Executive Officer of Malibu Boats, Inc. “While retail softness persists, we saw encouraging momentum around our latest product introductions, even during a mixed boat show season. We remain focused on maintaining dealer inventory in line with retail demand through disciplined production and positioning Malibu to emerge even stronger from these evolving market conditions. We are committed to navigating successfully through this period of uncertainty in the market, leveraging our operational agility while continuing to deliver the innovation and quality that define the Malibu experience and position us for long-term success.” “Given softer-than-anticipated retail trends and ongoing market uncertainty, we are updating our full-year guidance to reflect current conditions and maintain a clear focus on aligning dealer inventory levels with retail demand,” said Bruce Beckman, Chief Financial Officer of Malibu Boats, Inc. “Despite these market challenges, our execution remains strong, as evidenced by solid gross margin performance and favorable adjusted EBITDA results. As we manage through the remainder of fiscal 2025, we continue to prioritize dealer health and remain confident in our robust cash flow generation, supported by our flexible cost structure. While we are continuing to monitor international trade policy and tariff rates and their long term impact on the compa...

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