Malibu Boats, Inc. reported a decrease in net sales by 5.1% to $200.3 million and a decrease in GAAP net income by 76.1% to $2.4 million compared to the second quarter of fiscal year 2024. The company is adjusting production levels to match a challenging retail environment and updating full-year guidance to reflect weaker retail market trends.
Net sales decreased 5.1% to $200.3 million.
Unit volume decreased 11.0% to 1,222 units.
GAAP net income decreased 76.1% to $2.4 million.
Adjusted fully distributed net income per share decreased 46% to $0.31 per share.
For the full fiscal year 2025, Malibu anticipates net sales percentage to be flat to down low single digits year-over-year and Adjusted EBITDA margin at approximately 10%.
Visualization of income flow from segment revenue to net income