MBUU News & Events

Reports Q3 revenue $235.7M, consensus $214.23M. "We delivered a strong third quarter and took an important step in our long-term growth strategy with the acquisition of Saxdor Yachts," commented Steve Menneto, President and Chief Executive Officer of Malibu Boats, Inc. "Revenue and Adjusted EBITDA each exceeded the high end of our guidance on a legacy basis, prior to the partial-quarter contribution from Saxdor, which we acquired on March 2, 2026. The Saxdor acquisition advances the 'Build, Innovate, and Grow' strategy we outlined at our September 2025 Investor Day - expanding our portfolio into the premium adventure day boat category and establishing a scalable global operating platform. We are already seeing early proof points with Saxdor's new flagship 460 GTC model. Its US debut at the Palm Beach International Boat Show generated strong market reaction, and the model is now sold out for the year. Across our Pursuit and Maverick Boat Group brands, performance was up year-over-year at the Palm Beach show, reinforcing the strength of our Model Year 2026 lineup and the durability of the premium consumer. With healthy, current dealer inventories and disciplined production heading into the prime selling season, we remain confident in our ability to outperform the industry as market conditions improve."

Sees FY26 adjusted EBITDA $72M-$74M. The company said, "On a combined basis, the Company now expects full-year fiscal 2026 net sales of approximately $880 million to $886 million and Adjusted EBITDA of approximately $72 million to $74 million."

Malibu Boats announced that it has acquired Saxdor Yachts, a European designer and manufacturer of premium adventure dayboats for approximately $175M, representing a valuation of approximately 7.2x estimated EBITDA for the twelve months ending March 31. Based on the transaction valuation and the consideration mix of 73% cash and 27% stock, the acquisition of Saxdor is expected to be accretive to MBI's earnings per share in the current fiscal year and significantly accretive in Fiscal 2027. The balanced funding structure results in pro forma net leverage of approximately 1.5x, well below the company's stated maximum net leverage1 of 2.5x, thus preserving the company's financial flexibility to invest in future growth initiatives while continuing to return capital to shareholders.