NASDAQ$MBUU

Malibu Boats Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter fiscal 2021 results, demonstrating growth in net sales, gross profit, and net income compared to the same quarter of the previous year.

Malibu Boats, Inc. reported an 8.6% increase in net sales to $195.6 million for the second quarter of fiscal year 2021. Gross profit increased by 24.1% to $49.5 million, and net income increased by 25.8% to $22.1 million. The company's performance was driven by strong retail demand and operational excellence.

  • Net sales increased 8.6% to $195.6 million.
  • Gross profit increased 24.1% to $49.5 million.
  • Net income increased 25.8% to $22.1 million.
  • Adjusted fully distributed net income per share increased 31.2% to $1.22.

Headline financials

Total Revenue

$196M

Previous: $180M+8.6%
EPS (adj)

$1.22

Previous: $0.93+31.2%
Adjusted EBITDA

$39.1M

Previous: $30.7M+27.4%
Adjusted EBITDA Margin

20.0%

Previous: 17.0%+17.6%
Capital Expenditures

-$11.5M

Previous: -$19.3M+40.3%
Free Cash Flow

$9.7M

Previous: -$2.59M+474.4%
Net Income

$21.2M

Previous: $16.7M+26.9%
Operating Income

$28.9M

Previous: $23.6M+22.6%
Gross Profit

$49.5M

Previous: $39.9M+24.1%
Cash & Equivalents

$23.7M

Previous: $27.7M-14.4%
Total Assets

$670M

Previous: $475M+41.2%
Stock-Based Comp

$1.8M

Previous: $813K+121.4%

Revenue & EPS history

Malibu Boats · Revenue · Quarterly

$196M

Q2 2021+8.6%vs Q2 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Malibu Boats · $196M total across 3 segments · Q2 2021

  • Malibu Segment Net Sales
    $109M+11.6%
  • Cobalt Segment Net Sales
    $47.4M-3.1%
  • Saltwater Fishing Net Sales
    $39.6M+16.8%

Forward guidance

For fiscal year 2021, Malibu anticipates revenue growth greater than 35% year-over-year and Adjusted EBITDA margins of approximately 20.5%.

Tailwinds

  • Revenue growth greater than 35% year-over-year
  • Adjusted EBITDA margins of approximately 20.5%.
  • Demand for premium brands
  • Upgraded features and options
  • Building more boats than ever before

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 Q2 2021

Historical avgQ2 2021

+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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