---
schema_version: "secwatch.filing_event.v1"
accession: "0001590976-23-000112"
form_type: "8-K"
ticker: "MBUU"
cik: "0001590976"
company_name: "MALIBU BOATS, INC."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:43:20.624208+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001590976-23-000112
- form_type: 8-K
- ticker: MBUU
- cik: 0001590976
- company_name: MALIBU BOATS, INC.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590976/000159097623000112/0001590976-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590976/000159097623000112/mbuu-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590976-23-000112
- JSON: https://secwatch.observer/filing/0001590976-23-000112.json
- Plain text: https://secwatch.observer/filing/0001590976-23-000112.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097623000112/0001590976-23-000112-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.