Malibu Boats(NASDAQ) MBUU

Malibu Boats, Inc. makes high-quality boats for families and athletes. These vessels help people enjoy watersports like surfing and skiing. The company also builds specialized boats for offshore fishing trips.

What’s on the Water?

• Malibu and Axis: Performance sport boats designed for wakeboarding and surfing; accounted for 34.2% of net sales in fiscal year 2026.
• Saltwater Fishing: Outboard vessels under brands like Pursuit and Cobia; made up 31.1% of net sales in fiscal year 2026.
• Cobalt: Sterndrive and outboard cruisers for recreational boating; represented 25.5% of net sales in fiscal year 2026.
• Saxdor: Adventure dayboats including models over 40 feet long; contributed 9.2% of net sales in fiscal year 2026.

Strategic Moves and Acquisitions

• Acquired Saxdor Yachts Oy in March 2026 to expand into European adventure dayboat markets.
• Completed construction of a 260,000 square foot manufacturing facility in Tennessee during fiscal year 2024.
• Launched the Pursuit Tooling Design Center in Florida in March 2023 to bring mold production in-house.
• Expanded the Maverick Boat Group manufacturing facilities in Florida during fiscal year 2022.

Building a Better Boat

Malibu builds its own engines, trailers, and components instead of buying them from other companies. This internal focus helps the company control costs and ensure high quality for its nine brands.

A Look at the Numbers

• Net sales rose 13.3% to $914.6 million during fiscal year 2026.
• Net income fell to $1.7 million in fiscal year 2026 from $15.2 million in fiscal year 2025.
• Adjusted EBITDA was $73.9 million for the fiscal year ended June 30, 2026.
• Total unit volume reached 4,944 units in fiscal year 2026, a 0.9% increase.

Malibu Boats Evolution

Malibu has transitioned from a niche ski boat manufacturer into a diversified producer of recreational powerboats. The company uses strategic acquisitions and in-house engineering to maintain its market presence across multiple boating categories.