NASDAQ$MBUU

Malibu Boats Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Malibu Boats' third quarter results for fiscal year 2023 were announced, demonstrating growth in net sales and unit volume, but a slight decrease in net income and adjusted EBITDA.

Malibu Boats, Inc. reported a 9.0% increase in net sales, reaching $375.1 million, and a 2.9% increase in unit volume to 2,637 units for the third quarter of fiscal year 2023. While gross profit increased by 1.5%, net income decreased by 2.5% to $53.5 million, and adjusted EBITDA decreased slightly by 0.6%.

  • Net sales increased by 9.0% to $375.1 million.
  • Unit volume increased by 2.9% to 2,637 units.
  • Net income decreased by 2.5% to $53.5 million.
  • Company anticipates net sales growth slightly over 10% year-over-year for fiscal year 2023.

Headline financials

Total Revenue

$375M

Previous: $344M+9.0%
EPS (adj)

$2.59

Previous: $2.61-0.8%
Net (Loss) Income Margin

14.2%

No prior period
Adjusted EBITDA

$79.3M

No prior period
Adjusted EBITDA Margin

21.1%

Previous: 23.2%-9.1%
Gross Profit Margin

26.3%

Previous: 28.2%-6.7%
Consolidated Net Sales Per Unit

$142K

Previous: $134K+5.9%
Capital Expenditures

-$43.5M

Previous: -$40.1M-8.6%
Free Cash Flow

$8.38M

Previous: $12.8M-34.5%
Net Income

$51.9M

Previous: $52.9M-1.9%
Operating Income

$70.3M

Previous: $71.5M-1.8%
Gross Profit

$98.6M

Previous: $97.1M+1.5%
Cash & Equivalents

$35.2M

Previous: $57M-38.3%
Total Assets

$882M

Previous: $824M+7.1%
Stock-Based Comp

$1.75M

Previous: $1.69M+3.5%

Revenue & EPS history

Malibu Boats · Revenue · Quarterly

$375M

Q3 2023+9%vs Q3 2022
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

Malibu Boats · $375M total across 3 segments · Q3 2023

  • Malibu Segment Net Sales
    $173M-3.5%
  • Saltwater Fishing Net Sales
    $123M+30.9%
  • Cobalt Segment Net Sales
    $79.9M+11.3%

Forward guidance

For the full fiscal year 2023, Malibu anticipates net sales growth slightly over 10% year-over-year and Adjusted EBITDA margin down slightly year-over-year.

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 2023

Historical avgQ3 2023

+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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