secwatch.observer — SEC 8-K summary
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Issuer:     MALIBU BOATS, INC. (MBUU)
CIK:        0001590976
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001590976-23-000112
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590976/000159097623000112/0001590976-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590976/000159097623000112/mbuu-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001590976-23-000112

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