secwatch.observer — SEC 8-K summary
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Issuer:     MALIBU BOATS, INC. (MBUU)
CIK:        0001590976
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001590976-24-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590976/000159097624000033/0001590976-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590976/000159097624000033/mbuu-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001590976-24-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer