Malibu Boats (NASDAQ:MBUU) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Malibu Boats (NASDAQ:MBUU) posted its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01, FiscalAI reports. Malibu Boats had a return on equity of 5.28% and a net margin of 2.31%.The business had revenue of $188.62 million during the quarter, compared to analyst estimates of $181.96 million. During the same period in the prior year, the business earned $0.31 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year.

Here are the key takeaways from Malibu Boats’ conference call:

• Q2 results missed on profitability — net sales were $188.6M (down 5.8%) and units fell 9.5% to 1,106, while Adjusted EBITDA declined 52.5% to $8.0M (4.3% margin) and GAAP showed a $2.5M loss.
• The business generated $8.4M of free cash flow in Q2 and the board expanded the share repurchase program to $70M, completing $20.8M (751k shares) of buybacks during the quarter.
• Outlook unchanged — full-year sales are expected to be flat to down mid-single digits, with FY adjusted EBITDA margin guided to 8%–9% and Q3 sales guided to $198M–$202M; tariffs are still expected to add ~1.5%–3% to cost of sales.
• Management highlighted strategic growth initiatives — new model debuts at upcoming boat shows, a sixth consecutive WakeWorld Riders’ Choice award for the Malibu 23 LSV, rollout of the MBI Acceptance financing program (rates as low as 3.99%), early traction in a marine components business, and centralized sourcing benefits aimed at restoring margins.

Malibu Boats Trading Down 12.9%

Shares of NASDAQ:MBUU traded down $4.47 during mid-day trading on Thursday, reaching $30.15. 280,683 shares of the company were exchanged, compared to its average volume of 191,429. Malibu Boats has a 1 year low of $24.07 and a 1 year high of $39.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.63 and a quick ratio of 0.68. The firm’s 50-day simple moving average is $30.65 and its 200 day simple moving average is $31.47. The firm has a market cap of $579.60 million, a price-to-earnings ratio of 30.82 and a beta of 1.22.

Analyst Ratings Changes

A number of analysts have issued reports on MBUU shares. Loop Capital initiated coverage on Malibu Boats in a research note on Monday, December 22nd. They issued a “buy” rating and a $34.00 target price for the company. Zacks Research upgraded shares of Malibu Boats from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. B. Riley reduced their target price on shares of Malibu Boats from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Truist Financial increased their price target on shares of Malibu Boats from $30.00 to $37.00 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Malibu Boats in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Malibu Boats presently has a consensus rating of “Hold” and a consensus price target of $32.80.

Key Headlines Impacting Malibu Boats

Here are the key news stories impacting Malibu Boats this week:

• Positive Sentiment: New‑model product catalyst — Malibu will publicly debut multiple new models (including the Pursuit DC 286 and Pathfinder 2800 Hybrid) at the Miami International Boat Show Feb 11–15. The show is a major marketing event that can drive dealer/customer interest and order activity for the season. Malibu Boats to Showcase Lineup of Industry-Leading Brands at the Miami International Boat Show
• Neutral Sentiment: Analyst and institutional backdrop — recent analyst coverage is mixed-to-cautious (median 6‑month price target ~ $34) and Quiver/filings show both buying and selling by large institutional holders in recent quarters; these swing holdings can amplify moves but are not a directional guarantee. Quiver Quant / Institutional & Analyst Snapshot
• Negative Sentiment: Quarterly results raised near‑term concerns — Malibu reported a loss of $0.02 EPS (beat the -$0.03 consensus by $0.01) and revenue of $188.62M (beat consensus ~$181.96M) but revenue declined ~5.8% year‑over‑year and the company swung from $0.31 EPS a year earlier. Margins and ROE are low (net margin ~2.3%, ROE ~5.3%), suggesting pressure on profitability even with the modest beats — a likely driver of the stock pullback. Malibu Boats Announces Second Quarter Fiscal 2026 Results Zacks: Malibu Boats Reports Q2 Loss, Beats Revenue Estimates

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Malibu Boats by 4.2% during the third quarter. JPMorgan Chase & Co. now owns 10,936 shares of the company’s stock worth $355,000 after purchasing an additional 441 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Malibu Boats in the second quarter valued at approximately $366,000. Quantinno Capital Management LP purchased a new stake in Malibu Boats during the 2nd quarter worth approximately $285,000. Sei Investments Co. lifted its holdings in Malibu Boats by 16.4% during the 2nd quarter. Sei Investments Co. now owns 9,215 shares of the company’s stock worth $289,000 after buying an additional 1,296 shares in the last quarter. Finally, Creative Planning lifted its holdings in Malibu Boats by 5.0% during the 2nd quarter. Creative Planning now owns 9,471 shares of the company’s stock worth $297,000 after buying an additional 453 shares in the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Malibu Boats declared that its Board of Directors has approved a stock repurchase program on Friday, December 19th that authorizes the company to repurchase $70.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

About Malibu Boats

Malibu Boats, Inc is a leading designer, manufacturer and distributor of performance sport boats for the recreational boating market. The company’s product portfolio includes the premium Malibu® brand and the value-oriented Axis® Wake Research line, as well as Cobalt® boats following its 2020 acquisition. Malibu’s vessels are engineered to serve water-sports enthusiasts, with models optimized for wakeboarding, wakesurfing and waterskiing.

Founded in 1982 by water-sports enthusiast Jack Springer, Malibu Boats is headquartered in Loudon, Tennessee.