Malibu Boats Q3 net sales down 45.8%, net loss $67.8M including $88.4M goodwill impairment

MALIBU BOATS, INC.

2024-Q3 EPS reported -$1.79 revenue$670,323,000

Unit volume fell 51.9% to 1,269 units; net sales $203.4M vs $375.1M a year ago.
GAAP net loss of $67.8M (diluted EPS -$3.28) vs prior-year net income of $53.5M.
Adjusted EBITDA dropped 69.2% to $24.4M; adjusted EPS $0.63, down 75.7%.
Recorded $88.4M goodwill impairment at Maverick Boat Group due to lower outlook.
FY2024 guidance: net sales decline 40-41% YoY; Adj. EBITDA margin 10.1%-10.5%.

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 third quarter ended March 31, 2024 results: revenue $203.4 million, net income a net loss of $67.8 million, EPS a net loss of $3.28 per share.

Period: the third quarter ended March 31, 2024
Revenue: $203.4 million
Net income: a net loss of $67.8 million
EPS: a net loss of $3.28 per share
Result: reported results

Exact text from the filing

its financial results for the third quarter ended March 31, 2024. Third Quarter Fiscal 2024 Highlights Compared to Third Quarter Fiscal 2023: • Net sales decreased 45.8% to $203.4 million • Unit volume decreased 51.9% to 1,269 units • Gross profit decreased 59.1% to $40.3 million • GAAP net income decreased 226.8% to a net loss of $67.8 million, inclusive of

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Source: SEC EDGAR

accession 0001590976-24-000033

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