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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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