Core Viewpoint - Malibu Boats, Inc. reported a challenging second quarter for fiscal 2025, with decreased net sales and unit volumes, prompting adjustments in production levels and full-year guidance due to weaker retail market trends [3][17]. Financial Performance - Net sales for the three months ended December 31, 2024, decreased by $10.8 million, or 5.1%, to $200.3 million compared to the same period in 2023 [5][6]. - Unit volume decreased by 151 units, or 11.0%, to 1,222 units for the same period [5][6]. - Gross profit for the quarter was $37.4 million, a slight decrease of 0.2% from $37.5 million in the prior year [4][13]. - Net income decreased by 76.1% to $2.4 million, with a net income margin of 1.2%, down from 4.8% [4][16]. - Adjusted EBITDA fell by 26.3% to $16.9 million, with an adjusted EBITDA margin of 8.4%, down from 10.9% [4][16]. Segment Performance - Net sales in the Malibu segment decreased by $2.3 million, or 3.0%, to $74.1 million, with unit volumes down by 81 units [8]. - The Saltwater Fishing segment saw a more significant decline, with net sales down $12.6 million, or 15.2%, to $70.2 million, and unit volumes decreased by 88 units [9]. - Conversely, the Cobalt segment experienced growth, with net sales increasing by $4.1 million, or 7.8%, to $56.0 million, driven by higher unit volumes [10]. Cost and Expense Analysis - Cost of sales decreased by $10.7 million, or 6.2%, to $162.9 million, primarily due to lower unit volumes [12]. - Selling and marketing expenses increased by 6.7% to $6.0 million, while general and administrative expenses surged by 71.9% to $26.5 million, largely due to legal fees and incentive pay [14][15]. Guidance and Future Outlook - For the full fiscal year 2025, Malibu anticipates net sales to be flat to down low single digits year-over-year, with an adjusted EBITDA margin of approximately 10% [17].

The Zacks Leisure and Recreation Products industry faces challenges due to high inflation, uncertainty surrounding the Federal Reserve’s future rate cut plans and a decline in consumer confidence. However, a positive fitness product sales trend, driven by growing health and fitness awareness, bodes well for the industry. Industry participants who design, market, retail and distribute products for the outdoor and recreation market are witnessing solid demand. Stocks like Amer Sports, Inc. (AS) , Pool Corpora ...

Investors in Malibu Boats, Inc. (MBUU) need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 21, 2025 $17.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...

Malibu Boats (MBUU) has been on a downward spiral lately with significant selling pressure. After declining 5.2% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a sto ...

LOUDON, Tenn., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its second quarter fiscal 2025 financial results on Thursday, January 30, 2025, before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu’s Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman. Investors and analysts ar ...

LOUDON, Tenn., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that Ritchie Anderson, President, will retire effective February 7, 2025. He will continue in his role as President until that date. Upon Mr. Anderson’s retirement, Steve Menneto, the Company’s Chief Executive Officer, will become President of Malibu Boats, Inc., with Donna Tallent, Senior Vice President of Operations, assuming leadership for MBI operations. Both Ms. Tallent and the Brand Presidents will repor ...

After reaching an important support level, Malibu Boats (MBUU) could be a good stock pick from a technical perspective. MBUU surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.MBUU could be on the ...

Malibu Boats, Inc. (NASDAQ: MBUU ) reported the company’s fiscal Q1 results on the 31 st of October, showing another quarter of weak financials amid industry turbulence. On the other hand, the quarter already shows signs of sequential stabilization, and although theI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced sec ...

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Malibu Boats, Inc. (NASDAQ: MBUU) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, Malibu Boats insiders caused the company to misrepresent or fail to disclose that (1) Malibu Boats had engaged in an "elaborate scheme to over manufacture and pump nearly $100 million of its highest priced, highest margin, slow mov ...

Malibu Boats (MBUU) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.15 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 153.33%. A quarter ago, it was expected that this maker of performance sports boats would post a loss of $0.31 per share when it actually produced a loss of $0.39, delivering a surprise of -25.81%.Over the l ...