NASDAQ$MBUU

Malibu Boats Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced record third quarter fiscal year 2022 results.

Malibu Boats, Inc. reported a record-setting third quarter with net sales increasing by 26.0%, net income rising by 56.1%, and Adjusted EBITDA increasing by 39.9% compared to the prior year. The company shipped more units than anticipated, driven by operational excellence and the addition of Malibu Electronics which expanded their vertical integration model.

  • Net sales increased 26.0% to a record $344.3 million.
  • Unit volume increased 4.4% to a record 2,562 units.
  • Net income increased 56.1% to a record $54.8 million.
  • Adjusted EBITDA increased 39.9% to a record $79.8 million.

Headline financials

Total Revenue

$344M

Previous: $273M+26.0%
EPS (adj)

$2.61

Previous: $1.82+43.4%
Adjusted EBITDA Margin

23.2%

Previous: 20.9%+11.0%
Gross Profit Margin

28.2%

Previous: 26.4%+6.8%
Consolidated Net Sales Per Unit

$134K

Previous: $111K+20.7%
Capital Expenditures

-$40.1M

Previous: -$19.1M-109.6%
Free Cash Flow

$12.8M

Previous: $14.7M-12.7%
Net Income

$52.9M

Previous: $33.8M+56.5%
Operating Income

$71.5M

Previous: $46.9M+52.6%
Gross Profit

$97.1M

Previous: $72M+34.8%
Cash & Equivalents

$57M

Previous: $43M+32.5%
Total Assets

$824M

Previous: $730M+12.8%
Stock-Based Comp

$1.69M

Previous: $1.45M+16.7%

Revenue & EPS history

Malibu Boats · Revenue · Quarterly

$344M

Q3 2022+26%vs Q3 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Malibu Boats · $344M total across 3 segments · Q3 2022

  • Malibu Segment Net Sales
    $179M+29.6%
  • Saltwater Fishing Net Sales
    $93.7M+17.3%
  • Cobalt Segment Net Sales
    $71.8M+29.8%

Forward guidance

For fiscal year 2022, Malibu anticipates revenue growth in the 28% to 29% range year-over-year and Adjusted EBITDA margins approaching 20.5%.

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 Q3 2022

Historical avgQ3 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro