Malibu Boats reported first quarter 2026 net sales of $194.7 million, a 13.5% increase compared with the prior-year quarter, driven by increased unit volumes in the Malibu segment and a higher average selling price. Gross margin was 14.3%, down 210 basis points year-over-year, due to higher per-unit material and labor costs and increased dealer incentive costs. Adjusted EBITDA increased 19.1% to $11.8 million.
The company noted a solid start to the year with positive year-over-year revenue “despite ongoing retail softness.” Malibu said it is continuing to “prioritize dealer health and maintain healthy inventory levels.” Positive free cash flow for the quarter demonstrates the “resilient business model.”
Malibu is forecasting net sales “flat to down mid-single digits” for the fiscal year and adjusted EBITDA of 8% to 9%, the statement said.
