Core Viewpoint - A class action securities lawsuit has been filed against Malibu Boats, Inc. alleging securities fraud that affected investors between November 4, 2022, and April 11, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Malibu Boats engaged in an elaborate scheme to over-manufacture and pump nearly $100 million of its highest-priced, highest-margin, slow-moving boat inventory into fifteen Tommy's dealerships [2]. - As a result of this scheme, the company allegedly inflated its sales performance, market share, and stock value [2]. - The complaint also states that Malibu Boats was withholding certain incentives and rebates from its dealers, leading to substantial litigation risks from one of its top dealers, Tommy's [2]. - The CEO of the company departed due to his involvement in this scheme, which contributed to misleading positive statements about the company's business and operations [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until June 28, 2024, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record, having secured hundreds of millions of dollars for aggrieved shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the United States [4].

NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Malibu Boats, Inc. (NASDAQ: MBUU). Shareholders who purchased shares of MBUU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/malibu-boats-inc-loss-submission-form/?id=80726&from=4 CLASS PERIOD: November 4, 202 ...

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. BENSALEM, Pa., May 20, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Malibu Boats, Inc. ("Malibu Boats" or the "Company") (NASDAQ: MBUU). Class Period: November 4, 2022 – April 11, 2024 Lead Plaintiff Deadline: June 28, 2024 Investors suffering losses on the ...

Core Viewpoint - A class action lawsuit has been filed against Malibu Boats, Inc. for alleged securities fraud and unlawful business practices, with a deadline for shareholders to join the lawsuit by June 28, 2024 [2]. Group 1: Company Developments - On February 20, 2024, Malibu Boats announced the mutual agreement for CEO Jack Springer to cease his role, resulting in a stock price drop of $4.33 per share, or 9.1%, closing at $43.15 [3]. - On April 11, 2024, Malibu Boats faced a lawsuit from Tommy's Boats, alleging that the company delivered approximately $100 million worth of inventory to artificially inflate its stock price and market share, which negatively impacted Tommy's sales targets [4]. - Following the lawsuit news, Malibu Boats' stock price fell by $5.68 per share, or 13.58%, closing at $36.14 on April 15, 2024 [5]. Group 2: Legal Context - The class action lawsuit concerns whether Malibu Boats and its officers engaged in securities fraud or other unlawful business practices, with the opportunity for shareholders to become Lead Plaintiffs if they acquired securities during the Class Period [2]. - Pomerantz LLP, the firm handling the lawsuit, is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions in damages for class members over its 85-year history [6].

We define Adjusted EBITDA as net (loss) income before interest expense, income taxes, depreciation, amortization and non-cash, non-recurring or non-operating expenses, including non-cash compensation expense. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not measures of net (loss) income as determined by GAAP. Management believes Adjusted EBITDA and Adjusted EBITDA Margin allow investors to evaluate our operating performance and comp ...

Malibu Boats (MBUU) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $2.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36.96%. A quarter ago, it was expected that this maker of performance sports boats would post earnings of $0.51 per share when it actually produced earnings of $0.57, delivering a surprise of 11.76%.Over the last four ...

Table of Contents1 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 March 31, 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 MALIBU BOATS, INC. (Exact Name of Registrant as specified in its charter) Delaware (State or other jur ...

Exhibit 99.1 MALIBU BOATS, INC. ANNOUNCES THIRD QUARTER FISCAL 2024 RESULTS Loudon, TN, May 2, 2024 - Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the third quarter ended March 31, 2024. Third Quarter Fiscal 2024 Highlights Compared to Third Quarter Fiscal 2023: "In the fiscal third quarter, we continued to navigate a softened retail demand environment, with notable weakness in the tow boat and value boat markets. Despite this challenge, we are encouraged by pockets of strengt ...

LOUDON, Tenn., April 18, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its third quarter fiscal 2024 financial results on Thursday, May 2, 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, Jack Springer, Chief Financial Officer, Bruce Beckman and Executive Chair, Michael Hooks. ...

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Malibu Boats, Inc. ("Malibu" or the "Company") (NASDAQ:MBUU). The investigation concerns whether Malibu and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On April 11, 2024, Malibu disclosed that a lawsuit had been filed against the Company by boat dealership Tom ...