Overview

* Malibu Boats ( MBUU ) Q4 net sales rise 30.4%, beating analyst expectations

* Adjusted EPS for Q4 misses analyst estimates, per LSEG data

* Adjusted EBITDA for Q4 misses analyst expectations, despite significant increase

Outlook

* Malibu anticipates fiscal 2026 net sales to be flat to down mid-single digits

* Company expects fiscal 2026 Adjusted EBITDA margin between 8% and 9%

* Malibu to maintain disciplined approach to dealer health amid retail headwinds

* Company plans to leverage cash generation for continued investment in business

Result Drivers

* MALIBU SEGMENT GROWTH - Net sales in the Malibu segment increased due to higher unit volumes and a favorable model mix

* PROMOTIONAL COSTS - Decreased promotional costs contributed to higher gross margins across all segments

* INVENTORY MANAGEMENT - Lower unit volumes in Cobalt and Saltwater Fishing segments due to dealers holding less inventory

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Sales Beat $207 mln $196.10

mln (8

Analysts

)

Q4 Miss $0.42 $0.46 (8

Adjusted Analysts

EPS )

Q4 Net $4.80

Income mln

Q4 Miss $19.70 $20.90

Adjusted mln mln (8

EBITDA Analysts

)

Q4 Gross $32.70

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy"

* Wall Street's median 12-month price target for Malibu Boats Inc ( MBUU ) is $33.50, about 18% below its August 27 closing price of $39.52

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)