Malibu Boats Q1 net sales down 15.3% to $255.8M, EPS $0.98; guides FY sales decline high-teens to low-twenties

MALIBU BOATS, INC.

2024-Q1 EPS reported $0.98 revenue$255,830,000

Net sales fell 15.3% to $255.8M; unit volume dropped 24.1% to 1,698 units. Net income down 42.5% to $20.8M.
Adjusted EBITDA declined 31.7% to $39.0M; adjusted fully distributed EPS of $1.13, down 36.9% YoY.
Malibu segment sales fell 27.7% to $105.0M; Saltwater Fishing +0.4% to $92.6M; Cobalt down 10.2% to $58.2M.
FY2024 guidance: net sales decline high-teens to low-twenties YoY; Adjusted EBITDA margin down 350-450 bps.
Gross margin contracted 250 bps to 22.2% due to unfavorable mix and higher dealer flooring costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MALIBU BOATS, INC. reported first quarter ended September 30, 2023 results: revenue $255.8 million, net income $20.8 million, EPS $0.98 per share.

Period: first quarter ended September 30, 2023
Revenue: $255.8 million
Net income: $20.8 million
EPS: $0.98 per share
Result: reported results

Exact text from the filing

its financial results for the first quarter ended September 30, 2023. First Quarter Fiscal 2024 Highlights Compared to First Quarter Fiscal 2023: • Net sales decreased 15.3% to $255.8 million • Unit volume decreased 24.1% to 1,698 units • Gross profit decreased 23.9% to $56.8 million • Net income decreased 42.5% to $20.8 million • Adjusted EBITDA decreased 31.7% to

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

MALIBU BOATS, INC. filing history →

Source: SEC EDGAR

accession 0001590976-23-000112

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.