Core Insights - Malibu Boats, Inc. is hosting an Investor Day to present its strategic plan aimed at driving growth and enhancing long-term value creation [1][2] - The event will include presentations from the CEO and CFO, followed by a Q&A session to provide insights into the company's strategy, growth objectives, and capital allocation priorities [2][3] Event Details - Presentations will start at approximately 10:00 a.m. ET on September 25, 2025, lasting for two hours, followed by a thirty-minute Q&A session [3] - The event will be available via live webcast, allowing virtual participation in the Q&A session, with an archived version accessible shortly after the event [3][4] Company Overview - Malibu Boats, Inc. is a leading designer, manufacturer, and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive, and outboard boats [5] - The company holds a market-leading position in the performance sport boat category through its Malibu and Axis brands, and is also a leader in the 20' - 40' segment of the sterndrive boat category with its Cobalt brand [5] - Malibu Boats is recognized as an innovator in the powerboat industry, catering to a wide range of recreational boaters, fishermen, and water sports enthusiasts [5]

Company Performance - Brunswick Corporation (NYSE:BC) announced an award-winning performance at the 2025 Cannes Boat Show [2] - The company reported an increase in year-over-year boat sales [2] - Brunswick also gained market share in the outboard segment [2] - The company received several notable industry awards during the event [2] Industry Insights - The performance at the Cannes Boat Show highlights positive trends in the boating industry [2] - Increased boat sales and market share suggest a growing demand for recreational boating [2]

Core Insights - Malibu Boats, Inc. has announced a six-year global partnership with the International Waterski & Wakeboard Federation (IWWF) starting January 1, 2026, to support premier waterski, wakeboard, and wakesurf events, making Malibu the exclusive official towboat partner [1][4] Company Overview - Malibu Boats, Inc. is a leading designer, manufacturer, and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive, and outboard boats [5] - The company is the market leader in the performance sport boat category through its Malibu and Axis brands and holds a leading position in the 20'–40' segment of the sterndrive boat category with its Cobalt brand [5] - Malibu Boats is recognized as a preeminent innovator in the powerboat industry, appealing to a broad range of recreational boaters and watersports enthusiasts [5] Partnership Details - The partnership will feature two elite Malibu models: the Response TXi and the Malibu M230, both known for their precision, power, and innovation in competitive watersports [2][3] - The Response TXi has set more world records in waterskiing than any other boat, while the M230 is favored by professional riders for its performance [2][4] - This collaboration aims to enhance athlete development and expand the reach of towed watersports globally [4]

Group 1 - MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) has shown notable improvements in its operations three months after the initial analysis, supported by a robust balance sheet that assures sustainability [1] - The company operates in the logistics sector and has been involved in stock investing and macroeconomic analysis for nearly a decade, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - The analyst has diversified investments across different industries and market cap sizes, holding stocks for both retirement and trading profits [1] Group 2 - The analyst has entered the US market in 2020, gaining awareness of it through a trading account managed for a relative, which led to the decision to open a personal account [1] - The analyst has been using analyses from Seeking Alpha to compare with those conducted in the Philippine market since discovering the platform in 2018 [1]

Group 1 - MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) has shown notable improvements in its operations three months after the initial analysis, supported by a robust balance sheet that assures sustainability [1] - The company operates in the logistics sector and has been involved in stock investing and macroeconomic analysis for nearly a decade, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - The analyst has diversified investments across different industries and market cap sizes, holding stocks for retirement as well as for trading profits [1] Group 2 - The analyst has entered the US market in 2020, gaining awareness through a trading account managed by a relative, which led to the decision to open a personal account [1] - The analyst has been using analyses from Seeking Alpha to compare with those conducted in the Philippine market, indicating a cross-market investment strategy [1]

Core Insights - Malibu Boats (MBUU) reported revenue of $207.04 million for the quarter ended June 2025, marking a year-over-year increase of 30.5% and exceeding the Zacks Consensus Estimate of $195.8 million by 5.74% [1] - The company's EPS for the same period was $0.42, a significant improvement from -$0.39 a year ago, although it fell short of the consensus estimate of $0.44 by 4.55% [1] Revenue Breakdown - Revenue from Malibu products reached $80.3 million, surpassing the average estimate of $56.75 million by two analysts, reflecting a year-over-year increase of 114.1% [4] - Cobalt products generated $53.8 million in revenue, which was below the average estimate of $62.1 million, but still represented a year-over-year increase of 7.2% [4] - Saltwater Fishing products reported revenue of $72.9 million, falling short of the average estimate of $83 million, with a year-over-year change of 2.7% [4] Stock Performance - Over the past month, shares of Malibu Boats have returned +16.4%, significantly outperforming the Zacks S&P 500 composite's +1.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - In Q4, net sales increased by 30.4% to $207 million, and unit volume increased by 16.8% to 1,221 boats [20] - For the full fiscal year 2025, net sales decreased by 2.6% to $807.6 million, and unit volume decreased by 9% to 4,898 boats [24] - Q4 adjusted EBITDA increased to $19.7 million, with an adjusted EBITDA margin of 9.5% [22] - GAAP net income for Q4 increased to $4.8 million, and adjusted net income per share increased by 205% to $0.42 [23] Business Line Data and Key Metrics Changes - The Malibu and Axis brands represented approximately 46.6% of unit sales, while Cobalt represented 26.9% and saltwater fishing represented 26.5% [20] - Adjusted EBITDA margin for the Malibu segment increased to 19.4% for fiscal year 2025 from 15.3% in fiscal year 2024 [26] - Adjusted EBITDA margin for the saltwater fishing segment decreased to 9.5% from 10.8%, and for the Cobalt segment decreased to 8.3% from 10.2% [27] Market Data and Key Metrics Changes - Initial market data suggests that fiscal Q4 was the weakest quarter of the year, with the broader market down mid-teens percentage points [10] - The company anticipates a modest direct impact from tariffs on fiscal year 2026 structure estimated between 1.5% to 3% cost of sales [17] Company Strategy and Development Direction - The company plans to introduce 11 new model year 26 boats while maintaining a commitment to quality and safety [8] - The focus remains on aligning wholesale with retail and supporting dealer health [10][12] - The company is committed to customer-centric innovation and environmental responsibility [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging retail environment and macroeconomic uncertainty affecting consumer sentiment [6][10] - The company expects gradual improvement in fiscal year 2026, with net sales anticipated to be flat to down mid-single digits [29] - Management emphasizes a disciplined approach to expectations, aligning with real-time market conditions [18] Other Important Information - The company generated $29 million in free cash flow for the year and returned $36 million to shareholders through share repurchases [9][27] - The balance sheet remains strong with $19 million of net cash and over $300 million of untapped liquidity [27] Q&A Session Summary Question: Inventory levels and destocking expectations - Management indicated that elevated inventory levels are modest, around one to two weeks, and will be addressed in fiscal year 2026 guidance [33][34] Question: Impact of tariffs on pricing - Management is exploring multiple mitigation strategies for tariffs, including supply chain adjustments, and has incorporated expected cost increases into guidance [36] Question: Retail outlook and dealer health - Management expects the retail market to remain similar to the previous year, focusing on gaining market share in a declining market [47][49] Question: Pricing and cost offsets - Management confirmed that some mitigation efforts occurred in the previous fiscal year, and price increases will be necessary due to additional costs [61][63] Question: Long-term debt and capital strategy - Management clarified that the presence of long-term debt is due to the use of a credit facility for working capital, with a strong net cash position [67][68] Question: Sensitivity analysis for EBITDA margin recovery - Management noted that stabilizing the market would help eliminate the need for destocking, which could drive revenue and profit growth [70]

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]