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Dec 31, 2025
Malibu Boats Q2 2026 Earnings Report
Malibu Boats, Inc. announced its financial results for the second quarter ended December 31, 2025, with net sales decreasing by 5.8% and a shift from net income to a net loss.
Key Takeaways
Malibu Boats, Inc. reported a challenging second quarter for fiscal year 2026, with net sales decreasing by 5.8% to $188.6 million and a net loss of $2.5 million, compared to a net income of $2.4 million in the prior year. Adjusted EBITDA also saw a significant decline of 52.5% to $8.0 million.
Net sales decreased by 5.8% to $188.6 million, primarily due to lower unit volumes across all segments and an unfavorable model mix.
The company reported a GAAP net loss of $2.5 million, a significant decline from a net income of $2.4 million in the same period last year.
Adjusted EBITDA decreased by 52.5% to $8.0 million, reflecting lower sales and higher per unit labor and material costs.
Unit volume decreased by 9.5% to 1,106 units, driven by lower wholesale shipments and reduced retail activity.
Revenue by Segment
Forward Guidance
For the full fiscal year 2026, Malibu anticipates net sales to be flat to down mid-single digits year-over-year, and Adjusted EBITDA margin ranging from 8%-9%.
Positive Outlook
- Optimism entering the early boat show season.
- Customer response to new model-year boats has been encouraging.
- Successful Malibu Year-End Sales event with strong customer interest.
- Operating efficiently with a centralized sourcing model.
- Healthy dealer inventory levels and enhanced customer purchase experience through MBI Acceptance financing partnership.
Challenges Ahead
- Challenging retail environment.
- Choppy demand.
- Anticipated net sales to be flat to down mid-single digits year-over-year.
- Adjusted EBITDA margin guidance of 8%-9% is lower than previous year's Q2.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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