Latest news with #SteveMenneto
Yahoo
3 days ago
- Business
- Yahoo
Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Fourth Quarter and Full-Year Fiscal 2025 Financial Results
LOUDON, Tenn., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its fourth quarter and full-year fiscal 2025 financial results on Thursday, August 28, 2025, before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu's Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman. Investors and analysts are invited to listen to the conference call by dialing (844) 695-5523 or (412) 317-0699. Alternatively, interested parties can listen to a live webcast of the conference call by logging on to the Investor Relations section on the Company's website at A replay of the webcast will also be archived on the Company's website for twelve months. About Malibu Boats, Inc. Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is the market leader in the performance sport boat category through its Malibu and Axis boat brands, the leader in the 20' - 40' segment of the sterndrive boat category through its Cobalt brand, and in a leading position in the saltwater fishing boat market with its Pursuit and Cobia offshore boats and Pathfinder, Maverick, and Hewes flats and bay boat brands. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit or Contacts Malibu Boats,
Yahoo
29-06-2025
- Business
- Yahoo
Malibu Boats's Q1 Earnings Call: Our Top 5 Analyst Questions
Malibu Boats delivered first-quarter results that surpassed Wall Street's revenue expectations but fell slightly short on non-GAAP profit. Management attributed sales growth to higher unit volumes in the Malibu segment, a favorable product mix, and increased average selling prices from premium offerings. CEO Steve Menneto noted that new models—particularly the M230 and 25 LSV for Malibu and the Cobia 265 and 285 for Cobia—captured significant customer interest during the boat show season. However, management described the broader retail environment as challenging, citing elevated interest rates and persistent macroeconomic uncertainty weighing on discretionary purchases. Is now the time to buy MBUU? Find out in our full research report (it's free). Revenue: $228.7 million vs analyst estimates of $223.3 million (12.4% year-on-year growth, 2.4% beat) Adjusted EPS: $0.72 vs analyst expectations of $0.74 (2.4% miss) Adjusted EBITDA: $28.32 million vs analyst estimates of $26.29 million (12.4% margin, 7.7% beat) Operating Margin: 7.6%, up from -36.8% in the same quarter last year Boats Sold: 1,431, up 162 year on year Market Capitalization: $610.3 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Craig Kennison (Baird): Inquired about targeted dealer inventory levels. CFO Bruce Beckman stated inventories are expected to end the season below last year, reflecting both company and dealer preferences amid macro uncertainty. Eric Wold (Texas Capital Securities): Asked about promotional activity in response to competitors' inventory challenges. CEO Steve Menneto said Malibu Boats has not elevated promotions and relies on new product strength to remain competitive. Michael Swartz (Truist): Sought clarity on tariff exposure and future risk. Beckman responded that about 18–20% of costs are sourced internationally, but exposure is spread across multiple categories and closely managed. Ryan Williams (KeyBanc): Questioned demand trends and cost levers if conditions deteriorate. Beckman highlighted the company's highly variable cost structure and strong balance sheet as tools to weather further downturns. Michael Albanese (Benchmark): Asked about the Saltwater segment's recovery. Beckman noted improvement in Florida but described the rebound as a return to broader market trends, rather than a full recovery. In the coming quarters, our team will watch (1) continued traction of newly launched models during the next selling season, (2) dealer inventory trends and whether Malibu Boats maintains its disciplined approach, and (3) any shifts in the promotional environment as industry competitors address their own inventory positions. The effectiveness of tariff mitigation and updates to the 2026 model year lineup will also be important markers of execution. Malibu Boats currently trades at $31.80, up from $29.66 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Malibu Boats's (NASDAQ:MBUU) Q1: Beats On Revenue
Recreational boats manufacturer Malibu Boats (NASDAQ:MBUU) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 12.4% year on year to $228.7 million. Its non-GAAP profit of $0.72 per share was 2.4% below analysts' consensus estimates. Is now the time to buy Malibu Boats? Find out in our full research report. Revenue: $228.7 million vs analyst estimates of $223.3 million (12.4% year-on-year growth, 2.4% beat) Adjusted EPS: $0.72 vs analyst expectations of $0.74 (2.4% miss) Adjusted EBITDA: $28.32 million vs analyst estimates of $26.29 million (12.4% margin, 7.7% beat) Operating Margin: 7.6%, up from -36.8% in the same quarter last year Market Capitalization: $584.3 million 'Our team executed effectively in the third quarter, navigating ongoing market challenges by leveraging our strong brands, disciplined operational performance, and continued focus on dealer health,' commented Steve Menneto, Chief Executive Officer of Malibu Boats, Founded in California in 1982, Malibu Boats (NASDAQ:MBUU) is a manufacturer of high-performance sports boats and luxury watercrafts. Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Unfortunately, Malibu Boats struggled to consistently increase demand as its $759.2 million of sales for the trailing 12 months was close to its revenue five years ago. This was below our standards and is a sign of poor business quality. We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new product or trend. Malibu Boats's recent performance shows its demand remained suppressed as its revenue has declined by 25.5% annually over the last two years. This quarter, Malibu Boats reported year-on-year revenue growth of 12.4%, and its $228.7 million of revenue exceeded Wall Street's estimates by 2.4%. Looking ahead, sell-side analysts expect revenue to grow 16.5% over the next 12 months, an improvement versus the last two years. This projection is noteworthy and implies its newer products and services will fuel better top-line performance. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals. Malibu Boats's operating margin has been trending up over the last 12 months, but it still averaged negative 3.5% over the last two years. This is due to its large expense base and inefficient cost structure. This quarter, Malibu Boats generated an operating profit margin of 7.6%, up 44.4 percentage points year on year. This increase was a welcome development and shows it was more efficient. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Sadly for Malibu Boats, its EPS declined by 28.1% annually over the last five years while its revenue was flat. This tells us the company struggled because its fixed cost base made it difficult to adjust to choppy demand. In Q1, Malibu Boats reported EPS at $0.72, up from $0.67 in the same quarter last year. Despite growing year on year, this print missed analysts' estimates. Over the next 12 months, Wall Street expects Malibu Boats's full-year EPS of $0.73 to grow 306%. It was encouraging to see Malibu Boats beat analysts' revenue expectations this quarter. On the other hand, its EPS missed. Overall, this print was mixed. The market seemed to be hoping for more, and the stock traded down 4.4% to $28.36 immediately following the results. Should you buy the stock or not? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
