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Dec 31, 2023
Malibu Boats Q2 2024 Earnings Report
Malibu Boats experienced a significant decrease in financial performance due to weak retail demand and elevated inventory levels.
Key Takeaways
Malibu Boats, Inc. reported a decrease in net sales by 37.7% to $211.1 million and a decrease in unit volume by 43.7% to 1,373 units for the second quarter of fiscal year 2024. The company's net income also decreased by 72.1% to $10.1 million. These results were attributed to weak retail demand and high inventory levels.
Net sales decreased by 37.7% to $211.1 million.
Unit volume decreased by 43.7% to 1,373 units.
Net income decreased by 72.1% to $10.1 million.
Adjusted EBITDA decreased by 60.2% to $22.9 million.
Malibu Boats
Malibu Boats
Malibu Boats Revenue by Segment
Revenue by Segment
Malibu Revenue
CapyFin.comSaltwater Fishing Revenue
CapyFin.comCobalt Revenue
CapyFin.com Forward Guidance
For the full fiscal year 2024, Malibu anticipates net sales decline ranging from the mid-to-high thirties percentage, year-over-year, and Adjusted EBITDA margin down 800 to 900 basis points, year-over-year.
Challenges Ahead
- Net sales decline ranging from the mid-to-high thirties percentage, year-over-year.
- Adjusted EBITDA margin down 800 to 900 basis points, year-over-year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income