earnings
confidence high
sentiment negative
materiality 0.90
Malibu Boats Q4 net sales plunge 57% to $158.7M; full-year net loss of $56.4M
MALIBU BOATS, INC.
2024-FY EPS reported
-$2.74
revenue$829,035,000
- Q4 net sales $158.7M (-57.4% YoY); unit volume 1,045 (-59.0%); net loss $19.6M ($0.94 diluted EPS loss).
- Q4 adjusted EBITDA negative $4.1M vs $90.1M positive a year ago; gross margin fell to 7.9% from 27.5%.
- FY2024 net loss $56.4M vs net income $107.9M in FY2023; adjusted EBITDA $82.2M, down 71%.
- FY2025 guidance: low single-digit net sales growth; adjusted EBITDA margin 10%-12%.
- All segments saw double-digit revenue declines; Malibu segment sales down 76.6% to $37.5M.