NASDAQ$MBUU
Malibu Boats Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Malibu Boats' financial performance declined due to softened retail demand and elevated channel inventories.
Malibu Boats reported a significant decrease in net sales, gross profit, and net income for Q3 2024, driven by decreased unit volumes across all segments and increased dealer flooring program costs. The company faced challenges due to softened retail demand and elevated channel inventories, particularly in the tow boat and value boat markets. A goodwill and other intangible asset impairment charge of $88.4 million further impacted the results.
- Net sales decreased by 45.8% to $203.4 million.
- Unit volume decreased by 51.9% to 1,269 units.
- GAAP net income decreased 226.8% to a net loss of $67.8 million, including impairment charges.
- Adjusted fully distributed net income per share decreased 75.7% to $0.63.
Headline financials
Revenue & EPS history
Malibu Boats · Revenue · Quarterly
$203M
Revenue by segment
Malibu Boats · $256M total across 3 segments · Q1 2024
- Malibu Segment Net Sales$105M-27.7%41.0%
- Saltwater Fishing Net Sales$92.6M+0.4%36.2%
- Cobalt Segment Net Sales$58.2M-10.2%22.8%
Forward guidance
For the full fiscal year 2024, Malibu anticipates net sales decline ranging from forty to forty-one percent, year-over-year, and Adjusted EBITDA margin ranging from 10.1% to 10.5%.
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 2024
+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
| Quarter | Report date | Reaction (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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