Fiscal Year 2025 Performance - Malibu Boats Inc's net sales decreased by 2.6% year-over-year, reaching $807.6 million[19,40] - Adjusted EBITDA decreased by 9.1% year-over-year to $74.8 million[19,44] - Adjusted net income per share for fiscal year 2025 was $1.58, compared to $2.01 in fiscal year 2024[17] - The company generated $29 million of free cash flow in fiscal year 2025[15,54] - Gross margin increased by 10 bps year-over-year to 17.8%[19,43] Q4 Fiscal Year 2025 Performance - Net sales for Q4 2025 were $158.7 million, compared to $207.0 million in Q4 2024[34] - Gross margin for Q4 2025 was 7.9%, compared to 15.8% in Q4 2024[37] - Adjusted EBITDA for Q4 2025 was $(4.1) million, compared to $19.7 million in Q4 2024[38] Fiscal Year 2026 Outlook - The company anticipates consolidated net sales to be flat to down mid-single digits[46] - The company projects an adjusted EBITDA margin between 8% and 9%[46]

Core Insights - Malibu Boats, Inc. reported a strong performance in the fourth quarter of fiscal year 2025, with net sales increasing by 30.4% to $207.0 million compared to the same period in fiscal year 2024, driven by higher unit volumes and favorable model mix [6][8][9] - The company faced challenges in fiscal year 2025, with overall net sales decreasing by 2.6% to $807.6 million, primarily due to lower unit volumes in the Saltwater Fishing and Cobalt segments [17][18][19] - The company is optimistic about future growth, planning to introduce eleven new models in fiscal year 2026 and maintaining a disciplined approach to dealer health amid expected retail headwinds [4][29] Fourth Quarter Fiscal 2025 Highlights - Net sales increased by $48.3 million, or 30.4%, to $207.0 million compared to the fourth quarter of fiscal year 2024 [8] - Unit volume rose by 16.8% to 1,221 units, with significant growth in the Malibu segment [6][8] - Gross profit surged by 162.1% to $32.7 million, with gross margin improving from 7.9% to 15.8% [14][16] Fiscal Year 2025 Highlights - Net sales for fiscal year 2025 decreased by $21.5 million, or 2.6%, to $807.6 million compared to fiscal year 2024 [17] - Unit volume declined by 9.0% to 4,898 units, primarily due to lower wholesale shipments in the Saltwater Fishing and Cobalt segments [17][19] - Net income increased by 127.0% to $15.2 million, with adjusted EBITDA decreasing by 9.1% to $74.8 million [27][29] Segment Performance - The Malibu segment saw net sales increase by $33.6 million, or 12.0%, to $312.7 million for fiscal year 2025, driven by favorable model mix and inflation-driven price increases [18] - The Saltwater Fishing segment experienced a decrease in net sales by $47.9 million, or 14.6%, to $279.6 million, attributed to lower retail activity and inventory management by dealers [19][20] - The Cobalt segment's net sales decreased by $7.1 million, or 3.2%, to $215.2 million, also due to lower wholesale shipments [21] Cost and Profitability Metrics - Cost of sales for fiscal year 2025 decreased by $18.5 million, or 2.7%, to $663.5 million, reflecting a decrease in volumes [23] - Gross profit for fiscal year 2025 decreased by $3.0 million, or 2.0%, compared to fiscal year 2024, with gross margin slightly increasing from 17.7% to 17.8% [24] - General and administrative expenses increased by $16.1 million, or 21.1%, to $92.5 million, driven by legal settlements and increased compensation [26] Future Outlook - For fiscal year 2026, Malibu anticipates net sales to be flat to down mid-single digits year-over-year, with adjusted EBITDA margin expected to range from 8% to 9% [29]

Financial Performance - Fiscal Year 2025 - Net sales reached $284.2 million, a decrease of 12% compared to FY24[22] - Adjusted EBITDA was $24.4 million, down from $40.2 million in FY24[23] - Adjusted Diluted Net Income per share was $0.92, a decrease of $0.77 from FY24[23] - Wholesale units totaled 2,293, a 24% decrease from FY24[22] - Free cash flow was approximately $29 million[20] Financial Performance - Fourth Quarter 2025 - Net sales increased to $79.5 million, a 46% increase compared to Q4 FY24[25] - Adjusted EBITDA increased to $9.5 million, up $8.0 million from Q4 FY24[25] - Adjusted Diluted Net Income per share increased to $0.40, up $0.36 from Q4 FY24[25] - Wholesale units totaled 570, a 10% increase from Q4 FY24[25] Balance Sheet and Capital Allocation - The company maintains a strong financial position with approximately $79 million in cash and investments and no debt[20] - The company returned nearly $10 million of capital through a share repurchase program[20] FY26 Guidance - The company anticipates net sales between $295 million and $310 million[29] - The company anticipates Adjusted EBITDA between $29 million and $34 million[29] - The company anticipates Adjusted DEPS between $1.15 and $1.40[29]

Core Viewpoint - Malibu Boats, Inc. is set to host an Investor Day on September 25, 2025, to discuss growth strategies and value creation [1][2]. Company Overview - Malibu Boats, Inc. is a leading designer, manufacturer, and marketer of recreational powerboats, including performance sport, sterndrive, and outboard boats [4]. - The company holds a market leadership position in the performance sport boat category through its Malibu and Axis brands, and in the 20' - 40' segment of the sterndrive category via its Cobalt brand [4]. - Malibu Boats is also a key player in the saltwater fishing boat market with brands such as Pursuit, Cobia, Pathfinder, Maverick, and Hewes [4]. - The company is recognized as an innovator in the powerboat industry, catering to a diverse range of recreational boaters and water sports enthusiasts [4]. Event Details - The Investor Day will feature presentations and discussions with the leadership team, covering the company's strategy, long-term financial targets, and capital allocation priorities [2]. - The event will be available via live webcast, allowing for virtual participation and a Q&A session [3]. - Interested investors can register for the virtual event through the company's website, and a recording will be made available post-event [3].

Company Announcement - Malibu Boats, Inc. will release its fourth quarter and full-year fiscal 2025 financial results on August 28, 2025, before the market opens [1] - A conference call to discuss the results will be hosted by CEO Steve Menneto and CFO Bruce Beckman at 8:30 a.m. Eastern Time on the same day [1] Conference Call Details - Investors and analysts can listen to the conference call by dialing (844) 695-5523 or (412) 317-0699 [2] - A live webcast of the conference call will be available on the Investor Relations section of the company's website, with a replay archived for twelve months [2] Company Overview - Malibu Boats, Inc. is a leading designer, manufacturer, and marketer of recreational powerboats, including performance sport, sterndrive, and outboard boats [3] - The company is the market leader in the performance sport boat category through its Malibu and Axis brands and leads the 20' - 40' segment of the sterndrive boat category with its Cobalt brand [3] - Malibu Boats also holds a leading position in the saltwater fishing boat market with brands such as Pursuit, Cobia, Pathfinder, Maverick, and Hewes [3] - The company is recognized as an innovator in the powerboat industry, catering to a diverse range of recreational boaters and water sports enthusiasts [3]

Core Viewpoint - MasterCraft Boat Holdings, Inc. will host a live webcast for its fiscal fourth quarter and full year 2025 earnings conference call on August 27, 2025, at 8:30 a.m. EDT, where financial results will be discussed by the CEO and CFO [1]. Group 1 - The conference call will be accessible via webcast on the investor section of the Company's website, and participants can also join via telephone after registering in advance [2]. - A pre-market earnings release will be issued prior to the call on the same day [1]. - A replay of the conference call and webcast will be archived on the Company's website for future access [2]. Group 2 - MasterCraft Boat Holdings, Inc. is headquartered in Vonore, Tennessee, and is recognized as a leading innovator, designer, manufacturer, and marketer of recreational powerboats under its three brands: MasterCraft, Crest, and Balise [3].

Core Viewpoint - MasterCraft Boat Company is committed to protecting waterways and ensuring responsible boating practices through education and advocacy, rather than imposing regulations [1][3]. Group 1: Campaign Overview - MasterCraft is partnering with the Water Sports Industry Association (WSIA) to promote the "Wake Responsibly" campaign, which aims to preserve access to waterways while protecting jobs and the environment [1][3]. - The campaign emphasizes three essential principles: courtesy, coexistence, and protection of the sport [3]. Group 2: Guidelines for Responsible Boating - The campaign includes specific guidelines for boaters: maintain a distance of 200 feet from shore and other boats, keep music at a respectful level, and minimize repetitive passes in the same area [4][6]. - MasterCraft is equipping its dealer network with WSIA advocacy resources to educate local boaters and embedding Wake Responsibly principles across all communication channels [5][11]. Group 3: Commitment to Innovation and Education - MasterCraft is investing in innovations and programs to help boaters operate responsibly and is actively addressing concerns to inform future solutions [6][8]. - Studies indicate that wakesurfing boats have a lesser environmental impact compared to natural waves, countering misconceptions about wake boats [7]. Group 4: Company Background - MasterCraft Boat Holdings, Inc. is a leading innovator and manufacturer of premium recreational powerboats, with a history of over five decades in the industry [9][10].

Core Insights - Axis Wake has launched the 2026 Axis T250, the largest and most powerful model in its history, designed for wakeboarders, wakesurfers, and foilers [1][2] - The T250 measures 25 feet in length and features aggressive styling, intuitive design, and upgrades focused on comfort, control, and versatility [2][4] - The new model emphasizes simplicity, performance, and style, aligning with Axis Wake's core values [4][5] Product Features - The T250 includes a redesigned tower with optional color customization, low-profile speaker mounts, and increased headroom [8] - It features a cast-metal-framed windshield for enhanced strength and durability [8] - Helm upgrades include Axis surf and wake presets, a one-touch Home button, and premium interior touches like hinged seats and wireless charging [8] - The boat is equipped with Wake Plus Hull™, Surf Gate®, and Power Wedge® III for customizable waves and wakes [8] - It offers a fuel-efficient running surface and improved handling for better ride quality in rough waters [8] Company Overview - Malibu Boats, Inc. is a leading designer and manufacturer of recreational powerboats, including performance sport and sterndrive boats [6] - The company is recognized as a market leader in the performance sport boat category through its Malibu and Axis brands [6] - Malibu Boats aims to innovate and cater to a diverse range of recreational boaters and watersports enthusiasts [6]

Financial Data and Key Metrics Changes - Second quarter sales decreased by 3% to $67.7 million, driven by a 13% decrease in the number of boats sold, partially offset by a 10% increase in price and mix [10] - Gross profit decreased to $12.9 million, but gross profit margin increased by 20 basis points to 19.1% [10] - SG&A expenses rose by 9% to $8.1 million, with SG&A as a percentage of sales increasing by 130 basis points to 12% [11] - Diluted EPS fell to $0.12 from $0.14 in the previous year [11] - EBITDA decreased to $5.6 million from $6.5 million last year [12] - Year-to-date operating cash flow was $90.2 million, with free cash flow at $8.6 million [12] - The company ended the quarter with $50 million in cash and no debt [12] Business Line Data and Key Metrics Changes - The company noted that retail sales declined industry-wide during the first four months of 2025, but managed to reduce field inventory by 11% year over year [6] - The introduction of new models last year was well received, and the company is excited about the 2026 model year rollout with several portfolio-wide changes [8][14] Market Data and Key Metrics Changes - The company observed that channel inventory levels are stabilizing, and there are positive signs of declining inventory levels [5] - Interest rates remain elevated, but potential rate cuts could stimulate spending among dealers and consumers [6][8] Company Strategy and Development Direction - The company is focused on positioning its brands for improved future demand and maximizing returns on investments [6] - There is an ongoing evaluation of acquisition opportunities and partnerships to enhance the company's portfolio [14] - The company aims to maintain strong relationships with dealers regarding channel inventory management [9] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the industry working through excess inventory and the potential for improved sales in the second half of 2025 [5] - The company is closely monitoring tariff changes and their impact on input costs, including engines and materials [7] - Management highlighted the importance of maintaining dialogue with government representatives regarding trade negotiations [8] Other Important Information - The company plans to demonstrate new models to dealers at the August year meeting [14] - The company has maintained a strong balance sheet, positioning itself as a buyer of choice for high-quality assets [14] Q&A Session Summary - There were no questions during the Q&A session [15]

Group 1 - The company MarineMax (NYSE: HZO) is highlighted as a bullish investment opportunity in the recreational boating sector [1] - Crude Value Insights focuses on cash flow and companies in the oil and natural gas industry, emphasizing value and growth prospects [1] - The service offers subscribers access to a stock model account, cash flow analyses of exploration and production firms, and live discussions about the sector [2]