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 ...

Financial Data and Key Metrics Changes - Net sales decreased by approximately 33% year-over-year to $171.6 million, with unit volume down 39.7% to 1,024 units [9][23] - Gross profit decreased 50.3% to $28.2 million, with gross margin at 16.4%, down from 22.2% in the prior year [25] - GAAP net income for the quarter decreased 124.8% to a net loss of $5.1 million, while adjusted EBITDA decreased 74.6% to $9.9 million, with adjusted EBITDA margin dropping to 5.8% from 15.2% [29] Business Line Data and Key Metrics Changes - Malibu and Axis brands represented approximately 37.5% of unit sales, while Saltwater fishing accounted for 29.3% and Cobalt made up 33.2% [24] - Consolidated net sales per unit increased 11.2% to $167,559 per unit, driven by favorable model mix and modest inflation-driven price increases [24] Market Data and Key Metrics Changes - The company noted a challenging market environment driven by macroeconomic factors and slower retail demand, with expectations for continued decline in retail demand for the remainder of the fiscal year [10][32] - Positive market share gains were reported, with Cobalt gaining 200 basis points in the Sterndrive segment and Pathfinder gaining 400 basis points in the Bay Boat segment [18] Company Strategy and Development Direction - The company is focused on maintaining disciplined control over dealer inventories and adjusting production levels accordingly [11] - Plans to host an Investor Day in 2025 to discuss long-term strategy, operational excellence, and product innovation [22] - The company is optimistic about its competitive positioning and is prepared to support a resurgence in demand when the market recovers [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its long-term strategy despite near-term uncertainties, maintaining full-year guidance with expectations for low single-digit percentage increase in net sales [33] - The recent interest rate cuts are seen as a positive development, although the company does not speculate on future rate cuts [31][62] Other Important Information - The company has completed capacity expansion projects, allowing for increased shipments if the retail market recovers sooner than anticipated [21] - The company continues to execute on capital allocation priorities, repurchasing $10 million of stock in the quarter [30] Q&A Session Summary Question: Can you elaborate on the strength of ASPs in the quarter and their sustainability? - Management indicated that ASPs were driven by a premium mix, particularly with new Malibu models [38] Question: What are the expectations for promotional activity during the boat show season? - Management expects a competitive environment but noted that promotional spending has improved sequentially [41] Question: What observations have been made regarding opportunities or challenges in operations? - Management highlighted operational strength as a core aspect of the business and emphasized the need to monitor market dynamics [44] Question: What drove the positive surprise in the quarter? - New product performance and innovation were cited as key drivers of better-than-expected sales and margins [53] Question: How does the company view the impact of hurricane-related insurance claims on dealer destocking? - Management expressed caution, stating that reliance on insurance payouts for guidance is not advisable [66] Question: What are the expectations regarding input cost inflation? - Management noted modest inflation but does not expect significant deflation, with benefits expected from increased volumes [76]

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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36290 Delaware | --- | --- | |--------------------------------------------------------------|------------- ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional val ...

LOUDON, Tenn., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its first quarter fiscal 2025 financial results on Thursday, October 31, 2024, 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 are ...

John M Lund Photography Inc Business Introduction Malibu Boats (NASDAQ:MBUU) is a leading company in the manufacturing design and marketing of a wide range of recreational boats, offering everything from sterndrive to performance sport boats and outboard boats under an umbrella of eight brands. Malibu, Pursuit, Axis, Cobia, Maverick, Hewes, Pathfinder, and Cobalt. According to SSI, As of June 30th this year, the company held the top market share in the US for the performance sport boats through the Malibu a ...

LOUDON, Tenn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Malibu Boats™, the global leader in towboat sales, is thrilled to announce the launch of the new ultra-luxury 2025 Malibu M230 and its industry-leading premium features including the all-new Malibu Command Center™. The new M230 has been designed from the hull up to be the leader in its class, setting a new industry benchmark in engineering, design, performance, comfort, luxury, and onboard features. Sitting at 23 feet long with a dry weight of 6,750 pounds, ...

Malibu Boats, Inc. (MBUU) reported mixed fourth-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate but revenues beating the same. However, both top and bottom lines declined on a yearover-year basis. Weak retail demand negatively impacted the company's results in the quarter. MBUU's Earnings & Revenues Details In the fiscal fourth quarter, MBUU reported an adjusted loss per share (EPS) of 39 cents, wider than the Zacks Consensus Estimate of a loss of 31 cents. In the prior-year ...