AcquisitionsMay 7, 2026, 05:32 PM
Malibu Boats Acquires Saxdor for $211.5M; Q3 Net Loss $(2.4)M
AI Summary
Malibu Boats, Inc. completed the acquisition of Saxdor Yachts Oy for approximately $211.5 million on March 2, 2026, expanding its global reach and brand portfolio. For the third quarter ended March 31, 2026, the company reported a net loss of $(2.4) million, a significant decline from a net income of $12.9 million in the prior year, despite a slight increase in net sales to $235.7 million. The acquisition was financed through cash and borrowings, leading to a substantial increase in long-term debt.
Key Highlights
- Malibu Boats acquired Saxdor Yachts Oy for approximately $211.5 million on March 2, 2026.
- Q3 2026 net sales increased 3.1% to $235.7 million from $228.7 million year-over-year.
- Net loss attributable to Malibu Boats, Inc. for Q3 2026 was $(2.4) million, down from $12.9 million net income.
- Basic EPS for Q3 2026 was $(0.13), compared to $0.66 in Q3 2025.
- Long-term debt increased to $165.0 million from $18.0 million as of June 30, 2025.
- Saxdor contributed $23.1 million in net sales and a net loss of $(0.6) million in March 2026.
- Inventories rose to $204.7 million as of March 31, 2026, from $142.2 million as of June 30, 2025.