Malibu Boats (MBUU) Q4 2026 Earnings Call Transcript

Malibu Boats reported strong Q4 2026 results and signaled continued growth driven by the Saxdor acquisition. For the fourth quarter, net sales rose 42.7% year over year to $295.5 million, supported by Saxdor and unit growth in the Cobalt and saltwater fishing segments. Adjusted EBITDA climbed 72.7% to $33.9 million, lifting adjusted EBITDA margin by 200 basis points to 11.5%. Unit volume reached 1,456 boats, up 19.2%, with Saxdor contributing 180 units. Full-year fiscal 2026 net sales totaled $914.6 million and free cash flow was $43.2 million. The company ended the year with $165 million long-term debt and $74.4 million cash, after a July 2026 refinancing. FY 2027 guidance calls for $1.08 billion to $1.12 billion in net sales and $101 million to $109 million in adjusted EBITDA, with Q1 2027 net sales of $255 million to $265 million.