AI Earnings Predictions for Malibu Boats Inc. (MBUU)

EX-99.1

2 correctedex991-4q2026earni.htm

EX-99.1

Document

Exhibit 99.1

MALIBU BOATS, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR FISCAL 2026 RESULTS

Board Authorizes Fiscal 2027 Share Repurchase Program of $70 Million

Loudon, TN - August 27, 2026 - Malibu Boats, Inc. (Nasdaq: MBUU) announced its financial results for the fourth quarter and fiscal year ended June 30, 2026.

Fourth Quarter Fiscal 2026 Highlights Compared to Fourth Quarter Fiscal 2025

•Net sales increased 42.7% to $295.5 million

•Unit volume increased 19.2% to 1,456 units

•Gross profit increased 59.4% to $52.2 million

•General and administrative expenses increased to $31.8 million

•GAAP net income increased 53.7% to $7.4 million

•GAAP net income available to Class A Common Stock per share (diluted) increased 54.2% to $0.37 per share

•Adjusted EBITDA increased 59.7% to $31.4 million

•Adjusted net income per share increased 95.2% to $0.82 per share on a weighted average share count of 19.7 million shares of Class A Common Stock

•Cash flows provided by operating activities increased 28.1% to $27.0 million

•Free cash flow increased 19.3% to $17.0 million

Fiscal Year 2026 Highlights Compared to Fiscal Year 2025

•Net sales increased 13.3% to $914.6 million

•Unit volume increased 0.9% to 4,944 units

•Gross profit increased 1.7% to $146.5 million

•General and administrative expenses increased to $105.1 million

•GAAP net income decreased 88.8% to $1.7 million

•GAAP net income available to Class A Common Stock per share (diluted) decreased 88.2% to $0.09 per share

•Adjusted EBITDA decreased 1.1% to $73.9 million

•Adjusted net income per share decreased 3.8% to $1.52 on a weighted average share count of 19.3 million shares of Class A Common Stock

•Cash flows provided by operating activities increased 19.5% to $67.5 million

•Free cash flow increased 48.3% to $43.2 million

1

Exhibit 99.1

Steve Menneto, President and Chief Executive Officer of Malibu Boats, Inc., commented, "Fiscal 2026 demonstrated the power of our strategic execution. We delivered a strong finish to the year, driven by better than expected net sales, disciplined cost management, dealer network optimization, and the successful integration of Saxdor in our first four months with the business. We also invested meaningfully in innovation as our Model Year 2026 lineup added eleven new models across the portfolio that brought new features as well as value to our product line. The Saxdor integration is progressing well, with the completion of our first domestically-built Saxdor boats at our Fort Pierce, Florida facility expected in the first half of fiscal 2027. While we're seeing early signs of stabilization across the industry, we are contending with macro disruptions that continue to pressure the payment buyer, which presents a near-term headwind to an inflection in the cycle. That said, we like how we're positioned relative to the industry heading into fiscal 2027 and expect to build on the momentum we established, while remaining intentional about our outlook until we see more durable evidence of a broader recovery."

David Black, Chief Financial Officer of Malibu Boats, Inc., added, "We closed the year with a strong balance sheet and began our new fiscal year with the completion of our credit agreement refinancing, which extends our maturity through 2031 and gives us added liquidity and flexibility. Our leverage remains well below our stated maximum target, even after financing the Saxdor acquisition. While we chose to pause our open market purchases during our lender negotiations, the Board authorized a new $70 million share repurchase program for fiscal 2027 in June, and we closed our refinancing in July, underscoring our confidence in the business and our commitment to returning capital to shareholders. With that flexibility now in place, we remain opportunistic on capital allocation and are well positioned to keep investing in the business as we move through fiscal 2027."

Results of Operations for the Fourth Quarter and Fiscal Year 2026 (Unaudited)

Three Months Ended June 30,Fiscal Year Ended June 30,

2026202520262025

(In thousands, except unit and per unit data)

Net Sales$295,537 $207,039 $914,590 $807,561

Gross Profit$52,190 $32,740 $146,520 $144,091

Gross Profit Margin17.7 %15.8 %16.0 %17.8 %

Net Income $7,366 $4,793 $1,707 $15,240

Net Income Margin2.5 %2.3 %0.2 %1.9 %

Adjusted EBITDA$31,393 $19,657 $73,936 $74,770

Adjusted EBITDA Margin10.6 %9.5 %8.1 %9.3 %

Comparison of the Fourth Quarter Ended June 30, 2026 to the Fourth Quarter Ended June 30, 2025

Net sales for the three months ended June 30, 2026 increased $88.5 million, or 42.7%, to $295.5 million, compared to the three months ended June 30, 2025. The increase in net sales was driven primarily by $61.2 million of revenue from the new Saxdor segment due to the recent acquisition, increased unit volumes in our Cobalt and Saltwater segments, a favorable model mix across all three existing

mbuu-20260827

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 27, 2026

MALIBU BOATS, INC.

(Exact Name of Registrant as specified in its charter)

Commission file number: 001-36290

Delaware5075 Kimberly Way,Loudon,Tennessee3777446-4024640

(State or other jurisdiction of incorporation or organization)(Address of principal executive offices, including zip code)(I.R.S. Employer Identification No.)

(865)458-5478

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered

Class A Common Stock, par value $0.01MBUUNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02. Results of Operations and Financial Condition.

On August 27, 2026, Malibu Boats, Inc. (the “Company”) issued a press release announcing its financial results for its fourth quarter and fiscal year ended June 30, 2026. A copy of the Company’s press release is being furnished hereto as Exhibit 99.1 and incorporated into this Item by reference.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits

The following exhibit is being furnished as part of this report:

Exhibit No.

Description

Exhibit 99.1

Press Release dated August 27, 2026

Exhibit 104 The Cover Page from this Current Report on Form 8-K formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Malibu Boats, Inc.

Date: August 27, 2026 /s/ Steven D. Menneto

Steven D. Menneto

President and Chief Executive Officer

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