NASDAQ$MBUU

Malibu Boats Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter fiscal 2022 results.

Malibu Boats, Inc. reported a record first quarter for fiscal year 2022, with net sales increasing by 40.1% to $253.5 million and net income rising by 26.7% to $27.9 million compared to the prior year period.

  • Net sales increased 40.1% to a record $253.5 million.
  • Unit volume increased 23.8% to a record 2,024 units.
  • Net income increased 26.7% to a record $27.9 million.
  • Adjusted fully distributed net income per share increased 21.2% to a record $1.37 per share.

Headline financials

Total Revenue

$253M

Previous: $181M+40.1%
EPS (adj)

$1.37

Previous: $1.13+21.2%
Net (Loss) Income Margin

11.0%

Previous: 12.2%-9.8%
Adjusted EBITDA

$44.7M

Previous: $36.3M+23.2%
Adjusted EBITDA Margin

17.6%

Previous: 20.1%-12.4%
Gross Profit Margin

23.6%

Previous: 25.3%-6.7%
Consolidated Net Sales Per Unit

$125K

Previous: $111K+13.1%
Capital Expenditures

-$13.9M

Previous: -$5.43M-155.7%
Free Cash Flow

$13.1M

Previous: $15.7M-16.7%
Net Income

$26.9M

Previous: $21.1M+27.7%
Operating Income

$36.7M

Previous: $29M+26.7%
Gross Profit

$59.8M

Previous: $45.7M+30.6%
Cash & Equivalents

$29.5M

Previous: $52.4M-43.7%
Total Assets

$754M

Previous: $520M+44.9%
Stock-Based Comp

$1.26M

Previous: $811K+55.1%

Revenue & EPS history

Malibu Boats · Revenue · Quarterly

$253M

Q1 2022+40.1%vs Q1 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Malibu Boats · $254M total across 3 segments · Q1 2022

  • Malibu Segment Net Sales
    $118M+18.5%
  • Saltwater Fishing Net Sales
    $76.7M
  • Cobalt Segment Net Sales
    $58.5M+31.5%

Forward guidance

For fiscal year 2022, Malibu anticipates revenue growth in the low to mid 20% range year-over-year and Adjusted EBITDA margins of approximately 19.5%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.8%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.5%

Avg return

30 days after

57%

28 / 49 earnings

Positive

+18.4%

Q3 2018

Best reaction

-18.2%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-1.1%+9.3%+2.6%
Q2 2026-11.3%-10.2%-25.5%
Q1 2026-12.8%-16.3%-12.8%
Q3 2025+3.7%+9.2%+5.8%
Q2 2025+1.1%-3.0%-13.2%
Q1 2025+4.1%+3.7%+2.7%
Q4 2024+4.4%+3.5%+12.4%
Q3 2024-1.3%+4.2%+16.3%
Q2 2024-18.2%-9.2%-14.5%
Q1 2024-0.7%+3.4%-2.0%
Q4 2023-5.8%-6.2%-8.6%
Q3 2023-1.5%+2.9%-4.1%
Q2 2023+2.1%-3.3%-6.3%
Q1 2023+2.7%+3.9%+11.8%
Q4 2022-5.7%-8.4%-26.3%
Q3 2022+6.5%+14.6%+13.0%
Q2 2022+8.1%+6.3%-2.3%
Q1 2022+3.7%-0.9%-6.5%
Q4 2021-7.5%-11.3%-13.6%
Q3 2021-5.3%-2.6%-11.2%
Q2 2021+1.2%-2.7%+12.7%
Q1 2021-14.0%-8.2%-0.3%
Q4 2020-0.3%-0.2%-13.6%
Q3 2020+15.5%+12.6%+57.2%
Q2 2020+1.9%+1.7%-20.1%
Q1 2020+12.2%+13.6%+14.4%
Q4 2019+7.5%+9.0%+16.0%
Q3 2019+4.4%+1.9%-9.8%
Q2 2019+4.8%+4.5%+2.3%
Q1 2019+16.4%+12.4%+1.4%
Q4 2018+5.4%+5.6%+3.3%
Q3 2018+18.4%+24.3%+29.9%
Q2 2018+11.6%+15.7%+16.4%
Q1 2018-5.4%-9.9%+0.0%
Q4 2017-2.7%+0.7%+20.6%
Q3 2017+0.7%+4.7%+8.3%
Q2 2017+7.8%+12.8%+14.8%
Q1 2017+2.3%+6.5%+23.7%
Q4 2016+9.1%+5.7%+3.7%
Q3 2016-17.3%
Q2 2016+13.9%
Q1 2016+4.6%
Q4 2015-4.1%
Q3 2015+0.1%
Q2 2015-2.3%
Q1 2015+5.0%
Q4 2014-7.4%
Q3 2014-9.7%
Q2 2014-6.2%
Q1 2014
Q4 2013
Q3 2013
Q2 2012
Q1 2012

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