MALIBU BOATS, INC." Malibu Boats, Inc. Second Quarter Fiscal 2025 Earnings Results January 30, 2025 USE & DEFINITION OF NON-GAAP FINANCIAL MEASURE This presentation includes the following financial measures defined as non-GHAP financial measures by the Securities and Exchange Commission: Adjusted EBITDA , Adjusted EBI Fully Distributed Net (Loss) Income and Adiusted Fully Distributed Net (Lass) Income ver Share. These measures have linitations as and tructures on and structured as an alt more meaningflul th ...

Financial Performance - Net sales for Q2 FY2025 decreased by 5.1% to $200.3 million compared to Q2 FY2024[4] - Unit volume for Q2 FY2025 decreased by 11.0% to 1,222 units compared to Q2 FY2024[4] - GAAP net income for Q2 FY2025 decreased by 76.1% to $2.4 million compared to $10.1 million in Q2 FY2024[4] - Adjusted EBITDA for Q2 FY2025 decreased by 26.3% to $16.9 million compared to $22.9 million in Q2 FY2024[4] - Operating income for Q2 FY2025 decreased to $3.2 million from $14.7 million in Q2 FY2024[13] - Net income for the three months ended December 31, 2024, was $2,421,000, compared to $10,144,000 for the same period in 2023, reflecting a decrease of 76.1%[32] - Adjusted EBITDA for the six months ended December 31, 2024, was $26,785,000, down 56.8% from $61,918,000 in the prior year[32] - The net income margin for the six months ended December 31, 2024, was (0.7)%, down from 6.6% in 2023[32] Sales and Revenue - Net sales attributable to the Saltwater Fishing segment decreased by 15.2% to $70.2 million in Q2 FY2025[7] - Net sales per unit for the Malibu segment increased by 12.0% to $141,141 per unit in Q2 FY2025[9] - Net sales for the three months ended December 31, 2024, were $200,280,000, a decrease from $211,074,000 in the same period of 2023, representing a decline of about 5%[28] - Net sales for the three months ended December 31, 2024, were $200,280,000, a decrease of 5.8% compared to $211,074,000 in 2023[32] Expenses and Costs - General and administrative expenses increased by 71.9% to $26.5 million in Q2 FY2025 compared to Q2 FY2024[12] - The company reported a litigation settlement expense of $3,500,000 for the six months ended December 31, 2024[32] - The company incurred professional fees of $2,035,000 for the three months ended December 31, 2024, compared to $290,000 in the same period of 2023[36] Guidance and Outlook - Full-year guidance for FY2025 anticipates net sales to be flat to down low single digits year-over-year[14] - The company anticipates ramping up production in the third fiscal quarter of 2025, indicating a positive outlook for future performance[24] Assets and Cash Position - Total assets as of December 31, 2024, were $738,676,000, slightly down from $739,624,000 as of June 30, 2024[29] - Cash increased to $35,118,000 as of December 31, 2024, from $26,945,000 as of June 30, 2024, reflecting an increase of approximately 30%[30] Risks and Legal Matters - The company faces risks including reliance on third-party suppliers and potential disruptions in operations, which could impact future performance[25] - The company is awaiting a decision from the Bankruptcy Court regarding claims related to Tommy's Boats, which may impact future financial obligations[33]

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].

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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 ...

Core Points - Malibu Boats, Inc. announced the retirement of President Ritchie Anderson effective February 7, 2025, with CEO Steve Menneto taking over the presidency and Donna Tallent leading operations [1][3] - Ritchie Anderson has over 40 years of experience in the powerboat manufacturing industry, including 12 years at Malibu Boats, where he held various leadership roles [2][3] - Anderson's leadership has been pivotal in establishing Malibu Boats as an industry leader, fostering a culture of operational excellence and building a strong leadership team [3] Company Overview - Malibu Boats, Inc. is based in Loudon, Tennessee, and is a leading designer, manufacturer, and marketer of recreational powerboats, including performance sport, sterndrive, and outboard boats [4] - The company is recognized as the market leader in the performance sport boat category through its Malibu and Axis brands, and also leads in the 20' - 40' segment of the sterndrive category with its Cobalt brand [4] - Malibu Boats, Inc. is an innovator in the powerboat industry, catering to a diverse range of recreational boaters and water sports enthusiasts [4]

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 ...

Company Overview - Malibu Boats, Inc. (NASDAQ: MBUU) reported weak financial results for fiscal Q1 on October 31, indicating ongoing challenges within the industry [1] - Despite the weak performance, there are signs of sequential stabilization in the quarter [1] Financial Performance - The company continues to face turbulence in the industry, which has impacted its financials [1] - The specific financial metrics for the quarter were not detailed in the provided content, but the overall sentiment indicates a struggle [1]