Malibu Boats reported a decrease in net sales by 32.9% to $171.6 million and a net loss of $5.1 million for the first quarter of fiscal year 2025. The company is focused on inventory management and showcasing its 2025 lineup. They also repurchased $10 million of common stock.
Net sales decreased by 32.9% to $171.6 million.
Unit volume decreased by 39.7% to 1,024 units.
GAAP net income resulted in a net loss of $5.1 million, a decrease of 124.8%.
The company repurchased $10 million of its common stock, indicating confidence in the business.
For the full fiscal year 2025, Malibu anticipates net sales increase percentage in the low single digits year-over-year and Adjusted EBITDA margin ranging from 10%-12%.
Visualization of income flow from segment revenue to net income