Capital allocation strategy aims to combine investing in core business and returning excess capital to shareholdersLOUDON, Tenn., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU), a U.S. designer and manufacturer of category-leading salt and freshwater recreational powerboat brands, today announced that its board of directors has authorized an increase to the Company’s existing share repurchase program, raising the authorized amount from $50 million to $70 million. The expanded repurchase ...

Mercer to lead sales and marketing for MasterCraft Boat Holdings’ pontoon brandsOWOSSO, Mich., Dec. 17, 2025 (GLOBE NEWSWIRE) -- Crest Pontoons and Balise Pontoons, subsidiaries of MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) proudly announce the appointment of Mike Mercer as Vice President of Sales & Marketing for both brands. In this role, Mercer will lead sales, dealer development, and marketing across Crest and Balise, supporting long-term growth and enhanced dealer engagement. Mercer brings nearly thr ...

Core Insights - Twin Vee PowerCats Co. has announced a significant financial opportunity for qualified boat buyers due to the federal "Big Beautiful Bill," which offers substantial depreciation benefits for vessels used in business [1] Financial Opportunity - The legislation allows any boat, whether new or used, that is utilized for business purposes at least 50% of the time to qualify for 100% first-year depreciation [1]

Core Viewpoint - Malibu Boats, Inc. has appointed David S. Black as Chief Financial Officer to enhance financial performance and support future growth initiatives through acquisitions and strategic planning [1][3]. Company Leadership - David S. Black, previously Vice President of Finance and interim CFO, has over 19 years of experience in accounting and finance, including roles as Corporate Controller and Director of Internal Audit [2][3]. - The CEO, Steve Menneto, expressed confidence in Black's ability to drive the company's growth and financial strategy, emphasizing his understanding of the business and strategic vision [3]. Fiscal Guidance - For fiscal year 2026, Malibu Boats anticipates net sales to be flat to down mid-single digits percentage points year-over-year, with an Adjusted EBITDA margin ranging from 8% to 9% [4]. - The company has not provided reconciliations for the Adjusted EBITDA margin due to the unpredictability of certain costs related to vertical integration, stock-based compensation, and litigation [5]. Company Overview - Malibu Boats, Inc. is a leading designer and manufacturer of recreational powerboats, including performance sport, sterndrive, and outboard boats, with a strong market presence in various segments [6].

Core Insights - Twin Vee PowerCats Co. has announced the commencement of customer deliveries for the Bahama Boats line, indicating a successful integration of the brand into its manufacturing platform [1] - This development marks the beginning of a broader commercial rollout targeting the global sportfishing and high-performance boating market [1] Company Developments - The integration of Bahama Boats into Twin Vee's operations signifies a strategic expansion in the company's product offerings [1] - The announcement highlights Twin Vee's commitment to enhancing its manufacturing capabilities and market presence [1] Market Implications - The launch of the Bahama Boats line is expected to strengthen Twin Vee's position in the competitive sportfishing and high-performance boating sectors [1] - This move may attract new customers and increase market share within the global boating industry [1]

Core Insights - The company reported Q1 net sales of $69 million, an increase of $3.6 million or 5.6% year over year, driven by pricing, favorable option sales, and lower dealer incentives [12][14] - Adjusted EBITDA rose to $6.7 million, with a margin improvement of 380 basis points to 9.7% [14] - The company maintains a strong financial position with $67.3 million in cash and no debt, allowing for continued capital return to shareholders through share repurchases [14][15] Operational Performance - The company improved pipeline inventory levels by 27% year over year, aligning dealer inventory with expectations and maintaining inventory turns at pre-COVID levels [5][6] - The launch of the new X24 model has generated strong initial dealer and consumer response, reinforcing the company's commitment to innovation and category leadership [7][8] - The pontoon segment showed operational improvements, with a refreshed product lineup well-received at dealer meetings, including the introduction of the Conquest SE model [9][10] Market Outlook - The company anticipates a retail decline of 5-10% for the MasterCraft segment due to ongoing macroeconomic challenges, including elevated interest rates [6][23] - Despite near-term uncertainties, the company is positioned to capitalize on future market stabilization and growth opportunities [19][31] - The company plans to ramp up production in the second half of the fiscal year to meet seasonal demand and support new product initiatives [16][31] Financial Guidance - For fiscal 2026, consolidated net sales are projected between $295 million and $310 million, with adjusted EBITDA expected between $30 million and $35 million [15] - Adjusted earnings per share are forecasted to be between $1.18 and $1.43, reflecting confidence in the company's long-term outlook [15] - The company continues to prioritize returning capital to shareholders, with expectations for total repurchases to exceed prior year levels by the end of the fiscal year [15]

Financial Data and Key Metrics Changes - Net sales for Q1 increased by $3.6 million, or 5.6% year-over-year, reaching $69 million [10] - Adjusted EBITDA rose to $6.7 million compared to $3.8 million in the prior year, with an adjusted EBITDA margin improvement of 380 basis points to 9.7% [12] - Adjusted net income for the quarter was $4.5 million, or $0.28 per diluted share, compared to $1.9 million, or $0.12 per share in the prior year [11] - Gross margin improved by 420 basis points to 22.3% due to strong cost management and favorable mix [10] Business Line Data and Key Metrics Changes - The MasterCraft segment is expected to see a retail decline of 5% to 10% for the year, with early indicators showing the company gaining market share [6][19] - The pontoon segment showed operational improvements despite market challenges, with a refreshed product lineup well received [8] Market Data and Key Metrics Changes - Retail variability continues, with early industry indicators suggesting a slight decline, but the company remains cautiously optimistic about future demand due to potential interest rate cuts [6][19] - Dealer inventory levels improved, with pipeline inventory ending the quarter 27% better than the prior year [4] Company Strategy and Development Direction - The company is focused on disciplined production planning and dealer engagement, with new product launches like the X24 and refreshed Conquest lineup driving growth [15] - Strategic partnerships and industry involvement are being strengthened to enhance brand presence and consumer experience [8] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding retail trends, noting that while macroeconomic conditions may dampen sentiment, there are no significant dealer failures or canceled orders [22] - The company is confident in a ramp-up of production in the second half of the fiscal year, driven by new product initiatives [14][28] Other Important Information - The company maintains a debt-free balance sheet with $67.3 million in cash and short-term investments, allowing for continued capital return to shareholders through share repurchases [12][13] - Full-year guidance for consolidated net sales is raised to between $295 million and $310 million, with adjusted EBITDA expected between $30 million and $35 million [14] Q&A Session Summary Question: Current marine consumer and retail trends - Management noted that while the industry is slightly down, the company performed well in Q1 and is gaining market share due to new products and dealer growth [18][19] Question: Dealer network and retail outlook - The changes made to the dealer network are expected to help the company outperform the industry, which is included in the anticipated 5%-10% decline [21] Question: Retail progression and interest rates - Management confirmed that while current rate cuts are factored into forecasts, future cuts are not embedded until their impact is clearer [26] Question: M&A opportunities and leverage comfort level - The company maintains flexibility in its balance sheet and is open to evaluating M&A opportunities while prioritizing shareholder returns through share buybacks [30]

Financial Performance - Net sales reached $69 million, a 5.6% increase compared to Q1 FY25[21, 23] - Adjusted EBITDA was $6.7 million, up $2.9 million from $3.8 million in Q1 FY25[21, 23] - Adjusted diluted net income per share was $0.28, an increase of $0.16 from $0.12 in Q1 FY25[21, 24] Balance Sheet and Capital Allocation - The company maintains a strong financial position with approximately $67 million in cash and investments and no debt[21] - The company returned $2.3 million of capital through a share repurchase program[21] - Capital expenditures (TTM) were $10.1 million[27] - Share repurchases (TTM) amounted to $8.4 million[27] Operational Highlights - Wholesale units totaled 565, a 2.5% increase from 551 in Q1 FY25[23] - Dealer inventories decreased by approximately 26% year-over-year and approximately 40% from FY19[21] FY26 Guidance - The company expects Q2 FY26 net sales to be approximately $69 million[30] - The company expects Q2 FY26 adjusted EBITDA to be approximately $5 million[30] - The company expects Q2 FY26 adjusted DEPS to be approximately $0.16[30] - The company anticipates FY26 net sales to be between $295 million and $310 million[30] - The company anticipates FY26 adjusted EBITDA to be between $30 million and $35 million[30] - The company anticipates FY26 adjusted DEPS to be between $1.18 and $1.43[30] - The company anticipates FY26 capital expenditures to be approximately $9 million[30]

Overview - MasterCraft Boat Holdings, Inc. reported financial results for the first quarter of fiscal 2026, ending September 28, 2025, with consolidated net sales of $69.0 million, an increase of $3.6 million or 5.6% from the previous year [4][6][14] - The company experienced a strong performance despite macroeconomic uncertainties and a dynamic retail environment, supported by disciplined cost controls and effective production planning [3][9] Financial Performance - Consolidated net sales increased to $69.0 million, driven by higher prices, increased unit volumes, favorable option sales, and reduced dealer incentives, partially offset by an unfavorable model mix [4][6] - Gross margin percentage improved by 420 basis points to 22.3% compared to the prior year, attributed to increased net sales and effective cost management [5][24] - Income from continuing operations rose to $3.7 million, or $0.22 per diluted share, compared to $1.0 million, or $0.06 per diluted share, in the prior-year period [6][20] - Adjusted net income for the quarter was $4.5 million, or $0.28 per diluted share, up from $1.9 million, or $0.12 per diluted share, in the previous year [6][34] - Adjusted EBITDA was reported at $6.7 million, an increase of $2.9 million from the prior year, with an adjusted EBITDA margin of 9.7% [7][25] Operational Highlights - The company successfully managed dealer inventories, which returned to normal levels, and launched the new MasterCraft X24 model, generating positive sentiment among dealers [3][9] - Unit sales for MasterCraft boats increased by 0.8% to 377 units, while pontoon unit sales rose by 6.2% to 188 units, contributing to a consolidated unit sales increase of 2.5% [24] - The financial position remains strong, with a debt-free balance sheet, allowing for continued investment in innovation and shareholder returns through share repurchases [3][9] Outlook - The company raised its full-year earnings guidance based on the strong performance in Q1 and positive operational trends, indicating readiness for a return to a more normalized environment [9][14] - For fiscal 2026, consolidated net sales are expected to be between $295 million and $310 million, with adjusted EBITDA projected between $30 million and $35 million [14]

Core Viewpoint - ScanSource, Inc. is set to report its first-quarter fiscal 2026 results on November 6, with revenue estimates indicating a slight growth of 1.2% year-over-year and earnings per share expected to improve by 8% from the previous year [1]. Financial Estimates - The Zacks Consensus Estimate for revenues in the upcoming quarter is $784.85 million, reflecting a 1.2% increase from the same quarter last year [1]. - The consensus estimate for quarterly earnings is 91 cents per share, suggesting an 8% improvement compared to the year-ago quarter [1]. - The estimates for earnings and revenues have remained unchanged over the past 60 days [1]. Earnings Surprise History - ScanSource has beaten the Zacks Consensus Estimates in three of the last four quarters, with an average earnings surprise of 7.10% [2][3]. - The earnings surprise percentages for the last four quarters were 12.09%, 11.69%, -4.49%, and 9.09% respectively [3]. Segment Performance - The Specialty Technology Solutions segment is expected to report sales of $752 million, indicating stable performance compared to the previous year [7]. - The Intelisys & Advisory segment's sales are estimated at $24.4 million, representing a 5% increase from $23.3 million in the same quarter last year [9]. - The company anticipates modest revenue growth in the first half of fiscal 2026, with expectations for a stronger performance in the second half [9]. Cost Management - ScanSource has implemented cost reduction and restructuring programs, projected to yield approximately $10.5 million in annualized savings in selling, general, and administrative expenses [10]. - These ongoing cost-saving measures are expected to contribute positively to earnings for the quarter [11]. Stock Performance - Year-to-date, ScanSource's shares have declined by 10.9%, contrasting with a 0.2% growth in the industry [12].