Malibu Reports First Quarter Results
November 3, 2025
The company reported net sales of $194.7 million, a 13.5% increase year-over-year.
The company reported net sales of $194.7 million, a 13.5% increase year-over-year.
Quarterly net sales were $207 million, compared with $158.7 million in the prior-year period.
Net sales rose 12.4% to $228.7 million, as the company leveraged operational strength and product demand.
Net sales of $200.3 million were a decline of 5.1% compared with the previous-year quarter, while gross margin grew 18.7%.
Steven D. Menneto joins the company from Polaris, where he was president of the Off-Road Vehicle Division.
A 45.8% decline year-over-year was driven by subdued retail demand and elevated inventory levels.
M&T Bank claims Tommy’s Boats, which has filed a lawsuit against Malibu Boats, owes more than $115.9 million in principal and more than $2.2 million in interest.
The builder alleges that Tommy’s Boats ordered all the boats it was sold and sold boats out of trust.
Tommy’s Boats alleges that Malibu and CEO Jack Springer delivered nearly $100 million of inventory to Tommy’s dealerships to “artificially inflate” its stock value and market share.
Current COO Ritchie Anderson is promoted to president and current chair Michael Hooks takes over the board while a search for a new CEO gets underway.
The company reported net sales of $194.7 million, a 13.5% increase year-over-year.
Quarterly net sales were $207 million, compared with $158.7 million in the prior-year period.
Net sales rose 12.4% to $228.7 million, as the company leveraged operational strength and product demand.
Net sales of $200.3 million were a decline of 5.1% compared with the previous-year quarter, while gross margin grew 18.7%.
Steven D. Menneto joins the company from Polaris, where he was president of the Off-Road Vehicle Division.
A 45.8% decline year-over-year was driven by subdued retail demand and elevated inventory levels.
M&T Bank claims Tommy’s Boats, which has filed a lawsuit against Malibu Boats, owes more than $115.9 million in principal and more than $2.2 million in interest.
The builder alleges that Tommy’s Boats ordered all the boats it was sold and sold boats out of trust.
Tommy’s Boats alleges that Malibu and CEO Jack Springer delivered nearly $100 million of inventory to Tommy’s dealerships to “artificially inflate” its stock value and market share.
Current COO Ritchie Anderson is promoted to president and current chair Michael Hooks takes over the board while a search for a new CEO gets underway.
