Malibu Boats reported its second-quarter results yesterday, posting net sales of $188.6 million, a 5.8% decline year-over-year. Gross margin was 13.3%, down 540 basis points, due to “fixed cost deleverages across all segments due to lower sales and higher per unit labor and material costs across all segments,” the company reported.
The company posted a net loss attributable to Malibu Boats of $2.46 million for the second quarter, compared with net income of $2.36 million a year earlier. Excluding one-time items, the company posted a loss of $0.02 per share in the quarter, compared with a gain of $0.32 per share a year ago.
“Retail remained choppy, in line with expectations, while early boat shows and the Malibu and Axis year-end sales event drove positive results,” the statement said.
Malibu said it generated $8 million of free cash flow and repurchased $21 million in shares, reinforcing its commitment to disciplined capital allocation.
In its fiscal year 2026 outlook, Malibu expects net sales to be flat to down mid-single digits and adjusted EBITDA margin of 8% to 9%.
