From GlobeNewswire: 2025-01-30 07:00:00

Malibu Boats, Inc. reported a decrease in net sales, unit volume, and gross profit for the second quarter of fiscal year 2025 compared to the same period in 2024. Despite challenges in the marine industry, the company remains focused on maintaining dealer health and adjusting production levels to match lower retail demand.

The company’s net sales for the three months ended December 31, 2024, decreased primarily due to lower unit volumes in the Malibu and Saltwater Fishing segments. Sales for the Malibu segment decreased by 3.0%, while sales for the Saltwater Fishing segment decreased by 15.2%. In contrast, net sales for the Cobalt segment increased by 7.8%.

Malibu Boats, Inc. reported an overall increase in consolidated net sales per unit for the three months ended December 31, 2024. The increase was driven by favorable model mix and inflation-driven price increases in the Malibu and Saltwater Fishing segments, offset by an unfavorable segment mix. Net sales per unit for the Malibu, Saltwater Fishing, and Cobalt segments all showed increases compared to the same period in 2023.

Despite the challenges faced by the company, Malibu Boats, Inc. remains confident in its ability to weather near-term difficulties and position itself for sustainable growth in the future. The company has adjusted its production levels and updated its full-year guidance to reflect weaker retail market trends. For the full fiscal year 2025, Malibu anticipates flat to slightly decreased net sales and an Adjusted EBITDA margin of approximately 10%.

To discuss the second quarter results, Malibu Boats, Inc. will host a webcast and conference call on January 30, 2025. Investors and analysts can participate by dialing in or listening to the live webcast on the company’s website. The company’s focus remains on maintaining dealer health and aligning production with demand levels to ensure long-term success in the marine industry.



Read more at GlobeNewswire:: Malibu Boats, Inc. Announces Second Quarter Fiscal 2025