Malibu Boats Reports Strong Q4 Results Driven by Saxdor Acquisition
Malibu Boats (NASDAQ:MBUU) delivered a strong fourth-quarter performance, with net sales rising 42.7% to $295.5 million and adjusted EBITDA increasing 72.7% to $33.9 million. The results were largely driven by the recently acquired Finnish brand Saxdor, which contributed $61.2 million in quarterly sales—surpassing management's guidance—and sold boats at an average price of $340,000 compared to $184,000 for Malibu’s legacy fleet. Despite these gains, the company warned that broader market conditions remain challenging. The marine industry is expected to be flat or down in fiscal 2027 due to soft demand and payment-sensitive buyers. Saxdor's EBITDA margin fell short of expectations at under 10%, attributed to higher costs and added headcount ahead of volume growth. Looking forward, Malibu guided for $1.08 billion to $1.12 billion in fiscal 2027 net sales with adjusted EBITDA between $101 million and $109 million. The company also announced a new buyback program and extended debt maturities through refinancing.
Tickers: $MBUU
Topics: acquisition debt_refinancing ebitda_growth sales_growth