Malibu Boats Reports Q1 2027 Growth Driven by Saxdor Acquisition Amid Softening Towboat Demand
Malibu Boats (MBUU) reported a significant increase in net sales to $252.9 million for the first quarter, representing a 29.9% year-over-year growth. This surge was primarily driven by the acquisition of the Saxdor segment, which contributed $51.1 million in revenue and helped expand gross margins by 70 basis points to 15.0%. Unit volume also grew by 15.1%, as the company moved past previous dealer inventory resets. Despite the top-line growth, management highlighted headwinds in the core ski-wake category due to elevated financing costs and cautious consumer spending. While segments like Cobalt and Saltwater Fishing showed strength, the broader industry powerboat registrations declined by approximately 11%. The company is currently managing a transition period with projected net sales between $489 million and $501 million for the upcoming six-month period.
Tickers: $MBUU
Topics: Acquisition Impact Adjusted EBITDA Net Sales Segment Performance
Read the full article at Motley Fool
Part of the story LSI Industries Reports Q1 2027 Revenue Growth Driven by Royston Group Acquisition (11 articles)