Quarterly ResultMay 7, 2026, 04:08 PM
Malibu Boats Q3 Net Sales +3.1% to $235.7M; Reports Net Loss $2.4M
AI Summary
Malibu Boats reported Q3 fiscal 2026 financial results, with net sales increasing 3.1% to $235.7 million, primarily driven by the recent acquisition of Saxdor Yachts. The company, however, posted a GAAP net loss of $2.4 million, down from a net income of $13.2 million in the prior year, and Adjusted EBITDA decreased by 19.7% to $22.7 million. Management highlighted the strategic importance of the Saxdor acquisition for long-term growth and raised the full-year net sales outlook for its legacy business.
Key Highlights
- Acquired Saxdor Yachts on March 2, 2026, for $137.2M cash and 1.52M shares.
- Net sales increased 3.1% to $235.7 million in Q3 FY2026.
- GAAP net loss was $2.4 million, down from $13.2 million net income YoY.
- Adjusted EBITDA decreased 19.7% to $22.7 million.
- Repurchased 492,794 shares for $13.1 million; generated $16.0 million free cash flow.
- Malibu segment net sales decreased 21.0% to $80.7 million; Saxdor contributed $23.1 million.
- Full-year FY2026 net sales guidance $880M-$886M; Adjusted EBITDA $72M-$74M.