Malibu Boats(US:MBUU)2025-10-30 13:06Financial Performance - For the three months ended September 30, 2025, net sales reached $194.733 million, a 13.5% increase from $171.580 million in the same period of 2024[102][103]. - Boat and trailer sales contributed $187.781 million to net sales, up from $164.418 million year-over-year, reflecting a 14.2% growth[27]. - The company reported a net loss of $710 thousand for the three months ended September 30, 2025, significantly improved from a net loss of $5.147 million in the same period of 2024[18]. - Loss before income taxes for the three months ended September 30, 2025, was $(399) thousand, a significant improvement from a loss of $(5.997) million in the same period of 2024[102][103]. - Basic net loss per share for Q3 2025 was $(0.04), a significant improvement from $(0.25) in Q3 2024, with net loss attributable to Malibu Boats, Inc. decreasing from $(5,048) thousand to $(702) thousand[77]. Assets and Liabilities - Total current assets increased to $247,930,000 as of September 30, 2025, up from $219,892,000 on June 30, 2025, representing a growth of approximately 12.8%[14]. - Total liabilities increased to $234,987,000, up from $214,745,000, reflecting a rise of approximately 9.4%[14]. - Long-term debt increased to $23,000,000 from $18,000,000, marking a 27.8% increase[14]. - The company’s total assets reached $755,614,000, up from $734,578,000, indicating an increase of approximately 2.8%[14]. - Total inventories increased to $145.038 million as of September 30, 2025, from $142.163 million as of June 30, 2025[35]. Cash Flow and Operating Activities - Cash balance rose to $44,105,000, an increase of 19.0% from $37,002,000 as of June 30, 2025[14]. - Cash provided by operating activities was $6.535 million, compared to cash used in operating activities of $8.402 million in the prior year[18]. - The company ended the period with cash of $44.105 million, up from $27.659 million at the end of the same period in 2024[18]. Equity and Capital - Stockholders' equity attributable to Malibu Boats, Inc. rose to $516,357,000, a slight increase from $515,461,000[14]. - Additional paid-in capital increased to $36,627,000 from $35,253,000, reflecting a growth of 3.9%[14]. - The company has issued 25,712 LLC Units in connection with the issuance of Class A Common Stock for long-term incentive plans during the quarter[32]. Segment Performance - Segment Adjusted EBITDA for the Malibu segment was $10.896 million, up from $8.588 million in the prior year, reflecting a 27% increase[102][103]. - The Saltwater Fishing segment reported net sales of $64.318 million, a decrease of 0.7% compared to $64.751 million in the same quarter of 2024[102][103]. - Cobalt segment's net sales were $51.768 million, showing a slight increase from $50.810 million in the previous year, representing a 1.9% growth[102][103]. Legal and Compliance - A securities class action lawsuit has been filed against the company, with a proposed settlement amount of $7,800 thousand, subject to court approval[91]. - The company is facing multiple derivative lawsuits alleging violations of the Securities Exchange Act of 1934 and breach of fiduciary duties, but it is unable to estimate potential losses[92][93]. - The company continues to assess contingent liabilities and does not believe there are any pending claims that will materially impact its financial condition as of September 30, 2025[84]. Future Outlook - Malibu Boats continues to face risks related to supply chain disruptions and macroeconomic conditions that may impact future performance[10]. - The company plans to continue expanding its product offerings and market presence, focusing on innovative recreational powerboats[21]. - The company expects to maintain its growth trajectory and improve operational efficiency in the upcoming quarters[21].