LOUDON, Tenn., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2025. Fourth Quarter Fiscal 2025 Highlights Compared to Fourth Quarter Fiscal 2024 Net sales increased 30.4% to $207.0 millionUnit volume increased 16.8% to 1,221 unitsGross profit increased 162.1% to $32.7 millionGeneral and administrative expenses decreased to $18.8 millionNet income (loss) increased 124.5% to a net income of $4.8 mi ...

Core Insights - Malibu Boats, Inc. has appointed Melanie Cook, former COO of GE Appliances, to its Board of Directors as an independent director, effective immediately [1][2] - Cook will serve on the Audit Committee and the Nominating and Governance Committee, bringing over three decades of leadership experience in operations and manufacturing [1][2] - Her appointment is part of Malibu's strategy to strengthen its board and advance long-term goals, coinciding with the upcoming retirement of John Stokely in October 2025 [4][5] Company Overview - Malibu Boats, Inc. is a leading designer, manufacturer, and marketer of recreational powerboats, including performance sport, sterndrive, and outboard boats [6] - The company is a market leader in the performance sport boat category through its Malibu and Axis brands, and holds leading positions in other segments such as sterndrive and saltwater fishing boats [6] - Malibu Boats focuses on innovation and aims to appeal to a diverse range of recreational boaters and water sports enthusiasts [6]

Core Insights - Malibu Boats, Inc. reported financial results for the third quarter of fiscal 2025, showing a significant recovery from previous losses, with net income increasing to $13.2 million compared to a loss of $67.8 million in the same quarter of fiscal 2024 [3][15][30]. Financial Performance - Net sales for the third quarter increased by $25.2 million, or 12.4%, to $228.7 million compared to the same period last year [5][6]. - Gross profit rose by 13.4% to $45.7 million, with a gross profit margin of 20.0%, up from 19.8% [4][13]. - Adjusted EBITDA increased by 16.0% to $28.3 million, with an adjusted EBITDA margin of 12.4% [6][15]. - The company achieved a net income margin of 5.8%, a significant improvement from a net loss margin of (33.3)% in the prior year [15][35]. Segment Performance - The Malibu segment saw net sales increase by $42.0 million, or 69.8%, to $102.2 million, driven by higher unit volumes and favorable model mix [8][9]. - Conversely, the Saltwater Fishing segment experienced a decline in net sales by $9.4 million, or 11.5%, to $71.9 million, attributed to lower retail activity [9][10]. - The Cobalt segment also faced a decrease in net sales by $7.4 million, or 12.0%, to $54.6 million, primarily due to reduced wholesale shipments [10]. Guidance and Market Outlook - For the full fiscal year 2025, Malibu anticipates a net sales decline ranging from 3% to 5% year-over-year, with an adjusted EBITDA margin expected to range from 9% to 10% [16][18]. - The company is focused on aligning dealer inventory levels with retail demand amid ongoing market challenges [3][4]. Operational Insights - The company emphasized maintaining dealer health and managing production to align with retail demand, despite softer-than-expected retail trends [3][4]. - Malibu Boats is actively monitoring international trade policies and tariff rates, with no anticipated material impact on its cost structure for the remainder of the fiscal year [3][4].