Malibu Boats Q2 revenue beats expectations despite 5.8% decline

Malibu Boats

05/02/2026 12:10

Overview

Powerboat maker's fiscal Q2 revenue beat analyst expectations despite a 5.8% decline

Adjusted EBITDA for fiscal Q2 missed analyst expectations

Company completed $21 mln in share repurchases during the quarter

Outlook

Malibu Boats expects fiscal 2026 net sales to be flat to down mid-single digits

Company anticipates fiscal 2026 Adjusted EBITDA margin between 8% and 9%

Result Drivers

LOWER WHOLESALE SHIPMENTS - Malibu Boats attributed decreased net sales to lower wholesale shipments across all segments, driven by reduced retail activity

INFLATION-DRIVEN PRICE INCREASES - Co said inflation-driven price increases partially offset declines in net sales

CENTRALIZED SOURCING MODEL - Malibu Boats highlighted success in its centralized sourcing model, contributing to operational efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$188.60 mln
$183.002 mln (8 Analysts)
Q2 Net Income
-$2.50 mln
Q2 Adjusted EBITDA
Miss
$8 mln
$8.77 mln (9 Analysts)
Q2 Gross Profit
$25.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the recreational products peer group is "buy"

Wall Street's median 12-month price target for Malibu Boats Inc is $33.50, about 3.2% below its February 4 closing price of $34.61

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX39MfcS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)