NASDAQ$MBUU

Malibu Boats Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced second quarter fiscal 2022 results, marked by record net sales, unit volume, gross profit, and net income, driven by industry-leading brands and operational agility amidst inflationary pressures and supply chain constraints.

Malibu Boats, Inc. reported a record second quarter for fiscal year 2022, with net sales increasing by 34.9% to $263.9 million and net income rising by 39.9% to $31.0 million. The company's performance was driven by its brands, loyal customers, and operational agility, which allowed it to outperform the market despite ongoing supply chain challenges and inflationary pressures.

  • Net sales increased 34.9% to a record $263.9 million.
  • Unit volume increased 19.0% to a record 2,073 units.
  • Net income increased 39.9% to a record $31.0 million.
  • Adjusted fully distributed net income per share increased 23.0% to a record $1.50 per share.

Headline financials

Total Revenue

$264M

Previous: $196M+34.9%
EPS (adj)

$1.50

Previous: $1.22+23.0%
Adjusted EBITDA

$48.1M

Previous: $39.1M+23.1%
Adjusted EBITDA Margin

18.2%

Previous: 20.0%-9.0%
Malibu Net Sales Per Unit

$113K

No prior period
Saltwater Fishing Net Sales Per Unit

$160K

No prior period
Cobalt Net Sales Per Unit

$130K

No prior period
Capital Expenditures

-$26.2M

Previous: -$11.5M-127.6%
Free Cash Flow

$3.67M

Previous: $9.7M-62.2%
Net Income

$29.9M

Previous: $21.2M+40.8%
Operating Income

$40.2M

Previous: $28.9M+38.9%
Gross Profit

$63.6M

Previous: $49.5M+28.4%
Cash & Equivalents

$44.8M

Previous: $23.7M+88.9%
Total Assets

$770M

Previous: $670M+14.9%
Stock-Based Comp

$1.6M

Previous: $1.8M-11.2%

Revenue & EPS history

Malibu Boats · Revenue · Quarterly

$264M

Q2 2022+34.9%vs Q2 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Malibu Boats · $264M total across 3 segments · Q2 2022

  • Malibu Segment Net Sales
    $134M+22.9%
  • Saltwater Fishing Net Sales
    $75.2M+89.9%
  • Cobalt Segment Net Sales
    $55.2M+16.5%

Forward guidance

For fiscal year 2022, Malibu anticipates revenue growth in the 22% to 24% range year-over-year and Adjusted EBITDA margins above 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 Q2 2022

Historical avgQ2 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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