Malibu Boats, parent to Axis, Cobalt, Pursuit, Maverick and Saxdor, last week announced the financial results of its 2026 third fiscal quarter.
Net sales increased 3.1% to $235.7 million, though unit volume decreased 12.4% to 1,253 units. Gross profit decreased 9.7% to $41.3 million. Additionally, the company reported that net income decreased from $13.2 million to a net loss of $2.4 million, mainly driven by the acquisition of Saxdor.
“We delivered a strong third quarter and took an important step in our long-term growth strategy with the acquisition of Saxdor Yachts,” Malibu president and CEO Steve Menneto said in a statement. “Revenue and adjusted EBITDA each exceeded the high end of our guidance on a legacy basis, prior to the partial-quarter contribution from Saxdor, which we acquired on March 2.”
Additionally, the company reported that adjusted EBITDA decreased 19.7% to $22.7 million, and that it has free cash flow of $16 million.
Malibu is forecasting full-year fiscal 2026 net sales of approximately $880 million to $886 million and adjusted EBITDA of $72 million to $74 million. The company also announced that it expects tariffs to result in exposure of 1.5% to 3% for cost of goods sold.
