Malibu Boats Q2 net sales down 37.7% to $211M; net income down 72.1% to $10.1M

MALIBU BOATS, INC.

2024-Q2 EPS reported $1.47 revenue$466,904,000

Adjusted EBITDA fell 60.2% to $22.9M; margin compressed from 17.0% to 10.9%.
Unit volume dropped 43.7% to 1,373 units; net sales per unit up 10.7% to $153,732.
Guidance: FY24 net sales decline mid-to-high 30s% YoY; Adj. EBITDA margin down 800-900 bps.
CEO cites weak retail demand, elevated dealer inventory, and interest rate headwinds.
Year End Sales event for Malibu shows some positive signs; upcoming boat show season key.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

MALIBU BOATS, INC. reported the second quarter ended December 31, 2023 results: revenue $211.1 million, net income $10.1 million, EPS $0.49 per share.

Period: the second quarter ended December 31, 2023
Revenue: $211.1 million
Net income: $10.1 million
EPS: $0.49 per share
Result: reported results

Exact text from the filing

financial results for the second quarter ended December 31, 2023. Second Quarter Fiscal 2024 Highlights Compared to Second Quarter Fiscal 2023: • Net sales decreased 37.7% to $211.1 million • Unit volume decreased 43.7% to 1,373 units • Gross profit decreased 50.5% to $37.5 million • Net income decreased 72.1% to $10.1 million • Adjusted EBITDA decreased 60.2% to

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Source: SEC EDGAR

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