Malibu Boats, Inc. reported financial results for Q2 of fiscal 2026, showing a 5.8% decrease in net sales to $188.6 million and a 32.9% decrease in gross profit to $25.1 million compared to the same period last year. Adjusted EBITDA also decreased by 52.5% to $8.0 million.

Despite challenges in the retail environment, Malibu Boats, Inc. exceeded Q2 revenue expectations and remains optimistic for the upcoming boat show season. They saw strong interest in their Malibu Year-End Sales event and continue to enhance the customer purchase experience with white label financing partnerships.

Malibu Boats, Inc. generated positive free cash flow in Q2 of fiscal 2026, allowing for $21 million in share repurchases. The company maintains a balanced approach to capital allocation and aims to drive growth while delivering value to shareholders.

Net sales for Malibu’s segments experienced decreases in Q2 of fiscal 2026, with Malibu segment sales down 4.7%, Saltwater Fishing segment sales down 6.8%, and Cobalt segment sales down 6.0%. Overall consolidated net sales per unit increased by 4.1%.

For the full fiscal year 2026, Malibu anticipates flat to mid-single digit decreases in net sales with an Adjusted EBITDA margin of 8%-9%. The company’s financial measures include Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net (Loss) Income, and Adjusted Net (Loss) Income per Share.

Malibu Boats, Inc. will host a webcast and conference call on February 5, 2026, to discuss their Q2 results. Investors and analysts can participate by dialing in or accessing the live webcast on the company’s website. The company’s non-GAAP financial measures aim to provide a more accurate picture of their underlying earnings performance.

Read more at GlobeNewswire: Malibu Boats, Inc. Announces Second Quarter Fiscal 2026