MALIBU BOATS 10-K REVEALS $807.6M IN SALES

By Hao Liu • Thursday, August 28 15:37 • Permanent Link

Malibu Boats, Inc. has recently released its 10-K report, revealing a comprehensive overview of its business operations. The company is a leading designer, manufacturer, and marketer of recreational powerboats, operating through three segments: Malibu, Saltwater Fishing, and Cobalt. Under these segments, the company offers a range of boats catering to various recreational activities, including water sports and fishing. Malibu Boats, Inc. sells its products through an extensive network of over 325 dealers globally.

In the 10-K report, the Management's Discussion and Analysis of Financial Condition and Results of Operations provides insights into the company's performance. In fiscal year 2025, Malibu Boats, Inc. achieved net sales of $807.6 million, with a net income of $15.2 million and adjusted EBITDA of $74.8 million. This represented a slight decrease from the previous fiscal year, where net sales were $829.0 million, but the company reported a net loss of $(56.4) million and adjusted EBITDA of $82.2 million.

The report also delves into the company's outlook, highlighting the challenges faced by the recreational powerboat industry, such as macro-economic factors, inflation, and high interest rates. Despite these challenges, Malibu Boats, Inc. aims to increase its market share across various boating categories through new product development, improved distribution, and innovative features.

Factors affecting the company's results of operations are discussed in detail, including the impact of economic conditions on consumer demand, inflation's effect on material and labor costs, and the importance of new product development and innovation. The report also emphasizes the significance of managing manufacturing costs, sales cycles, and inventory levels, as well as the role of the dealer network, dealer financing, and incentives in driving sales growth.

As a result of these announcements, the company's shares have moved -17.0% on the market, and are now trading at a price of $32.80. If you want to know more, read the company's complete 10-K report here.

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