Malibu Boats Files 10-Q for Period Ending Dec 31, 2024
Ticker: MBUU · Form: 10-Q · Filed: Jan 30, 2025 · CIK: 1590976
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: MBUU
TL;DR
Malibu Boats (MBUU) 10-Q filed. Financials for Q2 & first half of FY25 out.
AI Summary
Malibu Boats, Inc. filed its 10-Q for the period ending December 31, 2024. The company reported financial results for the second quarter and the first six months of fiscal year 2025. Key financial data and operational details for this period are detailed within the filing.
Why It Matters
This filing provides investors with an update on Malibu Boats' financial performance and operational status, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing and does not inherently present new risks.
Key Numbers
- 2025 Q2 — Fiscal Quarter (Reporting period)
- 20241231 — Fiscal Year End (Reporting period)
Key Players & Entities
- MALIBU BOATS, INC. (company) — Filer
- 20241231 (date) — Period of Report
- 20250130 (date) — Filing Date
- 001-36290 (dollar_amount) — SEC File Number
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20241231, meaning the filing covers the period up to December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20250130.
What is the company's Central Index Key (CIK)?
The Central Index Key for Malibu Boats, Inc. is 0001590976.
What is the Standard Industrial Classification (SIC) code for Malibu Boats?
The SIC code is 3730, which corresponds to SHIP & BOAT BUILDING & REPAIRING.
What is the company's fiscal year end?
Malibu Boats, Inc.'s fiscal year ends on 0630.
Filing Stats: 4,724 words · 19 min read · ~16 pages · Grade level 18 · Accepted 2025-01-30 09:22:53
Key Financial Figures
- $0.01 M — stered Class A Common Stock, par value $0.01 MBUU Nasdaq Global Select Market Indica
- $0 — es No Class A Common Stock, par value $0.01, outstanding as of January 27, 2025:
Filing Documents
- mbuu-20241231.htm (10-Q) — 1461KB
- q22025-exhibit312.htm (EX-31.,2) — 13KB
- q22025-exhibit311.htm (EX-31.1) — 13KB
- q22025-exhibit321.htm (EX-32.1) — 7KB
- mbuu-20241231_g1.jpg (GRAPHIC) — 18KB
- 0001590976-25-000016.txt ( ) — 7369KB
- mbuu-20241231.xsd (EX-101.SCH) — 48KB
- mbuu-20241231_cal.xml (EX-101.CAL) — 78KB
- mbuu-20241231_def.xml (EX-101.DEF) — 238KB
- mbuu-20241231_lab.xml (EX-101.LAB) — 545KB
- mbuu-20241231_pre.xml (EX-101.PRE) — 393KB
- mbuu-20241231_htm.xml (XML) — 1128KB
Financial Statements
Financial Statements 1 Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) 1 Condensed Consolidated Balance Sheets (Unaudited) 2 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 3 Condensed Consolidated Statements of Cash Flows (Unaudited) 5 Notes to Unaudited Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 41 Item 4.
Controls and Procedures
Controls and Procedures 41 PART II OTHER INFORMATION 42 Item 1.
Legal Proceedings
Legal Proceedings 42 Item 1A.
Risk Factors
Risk Factors 42 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 42 Item 3. Defaults Upon Senior Securities 42 Item 4. Mine Safety Disclosures 43 Item 5. Other Information 43 Item 6 . Exhibits 44
SIGNATURES
SIGNATURES 47 i Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. All statements other than statements of historical facts contained in this Form 10-Q are forward-looking statements, including statements regarding demand for our products and expected industry trends, our business strategy and plans, our prospective products or products under development, our vertical integration initiatives, our acquisition strategy and management's objectives for future operations. In particular, many of the statements under the heading "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" constitute forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," the negative of these terms, or by other similar expressions that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions, involving known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include, but are not limited to: our large fixed cost base; our ability to execute our manufacturing strategy; our ability to accurately forecast demand for our products; increases in the cost of, or unavailability of, raw materials, component parts and transportation costs; disruptions in our suppliers' operations; our reliance on third-party suppliers for raw materials and components; our reliance on certain suppliers for our engines and outboard motors; climate events in areas where we oper
- Financial Information
Part I - Financial Information
Financial Statements
Item 1. Financial Statements MALIBU BOATS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) (In thousands, except share and per share data) Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 Net sales $ 200,280 $ 211,074 $ 371,860 $ 466,904 Cost of sales 162,862 173,599 306,233 372,635 Gross profit 37,418 37,475 65,627 94,269 Operating expenses: Selling and marketing 5,985 5,610 10,849 11,362 General and administrative 26,545 15,440 53,785 36,145 Amortization 1,712 1,713 3,428 3,428 Operating income (loss) 3,176 14,712 ( 2,435 ) 43,334 Other expense (income), net: Other income, net ( 9 ) ( 9 ) ( 19 ) ( 19 ) Interest expense 585 671 981 1,555 Other expense, net 576 662 962 1,536 Income (loss) before provision (benefit) for income taxes 2,600 14,050 ( 3,397 ) 41,798 Provision (benefit) for income taxes 179 3,906 ( 671 ) 10,884 Net income (loss) 2,421 10,144 ( 2,726 ) 30,914 Net income (loss) attributable to non-controlling interest 58 263 ( 41 ) 774 Net income (loss) attributable to Malibu Boats, Inc. $ 2,363 $ 9,881 $ ( 2,685 ) $ 30,140 Comprehensive (loss) income: Net income (loss) $ 2,421 $ 10,144 $ ( 2,726 ) $ 30,914 Other comprehensive (loss) income: Change in cumulative translation adjustment ( 2,780 ) 1,427 ( 1,812 ) 676 Other comprehensive (loss) income ( 2,780 ) 1,427 ( 1,812 ) 676 Comprehensive (loss) income ( 359 ) 11,571 ( 4,538 ) 31,590 Less: comprehensive (loss) income attributable to non-controlling interest, net of tax ( 9 ) 300 ( 89 ) 793 Comprehensive (loss) income attributable to Malibu Boats, Inc., net of tax $ ( 350 ) $ 11,271 $ ( 4,449 ) $ 30,797 Weighted-average shares outstanding used in computing net income (loss) per share: Basic 19,741,507 20,375,750 19,883,625 20,481,119 Diluted 19,804,384 20,450,204 19,883,625 20,567,218 Net income (loss) available to Class A Common Stock per share: Basic $ 0.12 $ 0.49 $