Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands. Its products are used for a range of recreational boating activities, including water sports, such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. It operates through a network of independent dealers in Europe, Asia, the Middle East, South America, South Africa, and Australia/New Zealand. The company was founded in 1982 and is based in Loudon, Tennessee.
IPO Year: 2014
Exchange: NASDAQ
Website: malibuboats.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $45.00 | Buy → Neutral | DA Davidson |
| 7/24/2024 | $45.00 | Neutral → Buy | DA Davidson |
| 7/24/2024 | $45.00 | Buy → Neutral | DA Davidson |
| 7/8/2024 | $32.00 | Buy → Hold | Truist |
| 5/22/2024 | $44.00 | Buy | The Benchmark Company |
| 4/15/2024 | Outperform → Mkt Perform | Raymond James | |
| 6/16/2023 | $69.00 | Buy → Neutral | B. Riley Securities |
| 4/19/2023 | $65.00 | Overweight | KeyBanc Capital Markets |
| 9/30/2022 | $50.00 | Neutral | DA Davidson |
| 2/9/2022 | $88.00 → $90.00 | Outperform | Raymond James |
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LOUDON, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced the appointment of Steven D. Menneto as its new Chief Executive Officer ("CEO"), effective August 5, 2024. Mr. Menneto will also join Malibu Boats' Board of Directors (the "Board"), which will increase from nine to ten members. In connection with Mr. Menneto's appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company's President, as well as Michael K. Hooks, the Chair of the Board, will end. Mr. Hooks will remain Board Chair and Mr. Anderson will remain President of the Company. Mr. Menneto joins Malibu Boats from Polaris, where he was most recently President of the Off-
Jack Springer will depart as Chief Executive Officer in May 2024;Ritchie Anderson appointed to President;Michael Hooks appointed to Executive Chair LOUDON, Tenn., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that Jack Springer will be departing as Chief Executive Officer ("CEO") on or before May 17, 2024. The Company also announced today that Ritchie Anderson, the Company's current Chief Operating Officer ("COO"), has been promoted to President, effective immediately. Michael Hooks, Malibu's current Chair, will assume the role of Executive Chair, effective immediately, until a new CEO is announced. "For more than 15 years, I have had the honor of se
LOUDON, Tenn., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today the appointment of Bruce Beckman as Chief Financial Officer, effective November 27, 2023. He will be joining as a member of the executive team and report directly to the Company's Chief Executive Officer, Jack Springer. Malibu's Interim Chief Financial Officer, David Black, will transition to the role of Vice President, Finance for Malibu Boats at that time. "I want to welcome Bruce to the Malibu Boats family. I have no doubt he will play a critical role in advancing our industry leading position, executing our long-term strategic plan and further elevating our finance organization at the C
LOUDON, Tenn., April 20, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today the appointment of David Black as Interim Chief Financial Officer, effective April 19, 2023. Malibu's current Chief Financial Officer, Wayne Wilson has notified the Company of his resignation to pursue a similar role at a private equity-backed private company in Knoxville, Tennessee. Mr. Wilson will actively serve in an advisory role and assist with the transition through May 12, 2023. The Board of Directors has initiated a search for Mr. Wilson's successor. "For almost fourteen years, Wayne has been a critical partner in creating and implementing the Company's strategic vision and positioni
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Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Malibu Boats (NASDAQ:MBUU) in the last three months. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 2 2 0 0 0 Analysts have recently evaluated Malibu Boats and provided 12-month price targets. The average target is $39.43, accompanied by a high estimate o
DA Davidson analyst Brandon Rolle upgrades Malibu Boats (NASDAQ:MBUU) from Neutral to Buy and announces $45 price target.
Malibu Boats, Inc. (NASDAQ:MBUU) today announced the appointment of Steven D. Menneto as its new Chief Executive Officer ("CEO"), effective August 5, 2024. Mr. Menneto will also join Malibu Boats' Board of Directors (the "Board"), which will increase from nine to ten members. In connection with Mr. Menneto's appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company's President, as well as Michael K. Hooks, the Chair of the Board, will end. Mr. Hooks will remain Board Chair and Mr. Anderson will remain President of the Company. Mr. Menneto joins Malibu Boats from Polaris, where he was most recently President of the Off-Road Vehicle Division. In that role he nearly dou
B. Riley Securities analyst Eric Wold maintains Malibu Boats (NASDAQ:MBUU) with a Neutral and lowers the price target from $39 to $35.
During the last three months, 6 analysts shared their evaluations of Malibu Boats (NASDAQ:MBUU), revealing diverse outlooks from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 1 2 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $39.17, a high estimate of $44.00, and a low estimate of $32.00. A 20.47% drop is evident in the current
Truist Securities analyst Michael Swartz downgrades Malibu Boats (NASDAQ:MBUU) from Buy to Hold and announces $32 price target.
In the last three months, 5 analysts have published ratings on Malibu Boats (NASDAQ:MBUU), offering a diverse range of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 2 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $40.6, a high estimate of $44.00, and a low estimate of $38.00. Observing a downward trend, the current average i
Benchmark analyst Michael Albanese initiates coverage on Malibu Boats (NASDAQ:MBUU) with a Buy rating and announces Price Target of $44.
4 analysts have shared their evaluations of Malibu Boats (NASDAQ:MBUU) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 1 2 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $39.75, a high estimate of $42.00, and a low estimate of $38.00. Experiencing a 19.29% decline, the current average is now
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LOUDON, Tenn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the first quarter ended September 30, 2024. First Quarter Fiscal 2025 Highlights Compared to First Quarter Fiscal 2024: Net sales decreased 32.9% to $171.6 millionUnit volume decreased 39.7% to 1,024 unitsGross profit decreased 50.3% to $28.2 millionGAAP net income decreased 124.8% to a net loss of $5.1 millionGAAP net income available to Class A Common Stock per share (diluted) decreased 125.5% to a net loss of $0.25 per shareAdjusted EBITDA decreased 74.6% to $9.9 millionAdjusted fully distributed net income per share decreased 92.9% to $0.08 per shar
LOUDON, Tenn., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its first quarter fiscal 2025 financial results on Thursday, October 31, 2024, 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 o
LOUDON, Tenn., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Fiscal 2024 Highlights Compared to Fourth Quarter Fiscal 2023 Net sales decreased 57.4% to $158.7 millionUnit volume decreased 59.0% to 1,045 unitsGross profit decreased 87.8% to $12.5 millionGeneral and administrative expenses decreased to $21.6 millionNet loss increased 8.6% to a net loss of $19.6 millionAdjusted EBITDA decreased 104.5% to $(4.1) millionNet loss available to Class A Common Stock per share (diluted) increased 9.3% to a net loss of
LOUDON, Tenn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its fourth quarter and full-year fiscal 2024 financial results on Thursday, August 29, 2024, 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, Chief Financial Officer, Bruce Beckman, and Board Chair, Michael Hooks. 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 w
LOUDON, Tenn., May 02, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the third quarter ended March 31, 2024. Third Quarter Fiscal 2024 Highlights Compared to Third Quarter Fiscal 2023: Net sales decreased 45.8% to $203.4 millionUnit volume decreased 51.9% to 1,269 unitsGross profit decreased 59.1% to $40.3 millionGAAP net income decreased 226.8% to a net loss of $67.8 million, inclusive of goodwill and other intangible asset impairment charges of $88.4 million incurred for the Maverick Boat Group reporting unitGAAP net income available to Class A Common Stock per share (diluted) decreased 230.7% to a net loss of $3.28 per shareAd
LOUDON, Tenn., April 18, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its third quarter fiscal 2024 financial results on Thursday, May 2, 2024, 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, Jack Springer, Chief Financial Officer, Bruce Beckman and Executive Chair, Michael Hooks. 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 c
LOUDON, Tenn., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the second quarter ended December 31, 2023. Second Quarter Fiscal 2024 Highlights Compared to Second Quarter Fiscal 2023: Net sales decreased 37.7% to $211.1 millionUnit volume decreased 43.7% to 1,373 unitsGross profit decreased 50.5% to $37.5 millionNet income decreased 72.1% to $10.1 millionAdjusted EBITDA decreased 60.2% to $22.9 millionNet income available to Class A Common Stock per share (diluted) decreased 71.5% to $0.49 per shareAdjusted fully distributed net income per share decreased 68.9% to $0.57 per share on a fully distributed wei
LOUDON, Tenn., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its second quarter fiscal 2024 financial results on Tuesday, January 30, 2024, 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, Jack Springer 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
LOUDON, Tenn., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the first quarter ended September 30, 2023. First Quarter Fiscal 2024 Highlights Compared to First Quarter Fiscal 2023: Net sales decreased 15.3% to $255.8 millionUnit volume decreased 24.1% to 1,698 unitsGross profit decreased 23.9% to $56.8 millionNet income decreased 42.5% to $20.8 millionAdjusted EBITDA decreased 31.7% to $39.0 millionNet income available to Class A Common Stock per share (diluted) decreased 42.0% to $0.98 per shareAdjusted fully distributed net income per share decreased 36.9% to $1.13 per share on a fully distributed weighted-aver
LOUDON, Tenn., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its first quarter fiscal 2024 financial results on Tuesday, October 31, 2023, 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, Jack Springer and Interim Chief Financial Officer, David Black. Investors and analysts are invited to listen to the conference call by dialing (844) 695-5523 or (412) 317-0669. Alternatively, interested parties can listen to a live webcast of the conference call by loggi
LOUDON, Tenn., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the first quarter ended September 30, 2024. First Quarter Fiscal 2025 Highlights Compared to First Quarter Fiscal 2024: Net sales decreased 32.9% to $171.6 millionUnit volume decreased 39.7% to 1,024 unitsGross profit decreased 50.3% to $28.2 millionGAAP net income decreased 124.8% to a net loss of $5.1 millionGAAP net income available to Class A Common Stock per share (diluted) decreased 125.5% to a net loss of $0.25 per shareAdjusted EBITDA decreased 74.6% to $9.9 millionAdjusted fully distributed net income per share decreased 92.9% to $0.08 per shar
LOUDON, Tenn., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its first quarter fiscal 2025 financial results on Thursday, October 31, 2024, 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 o
LOUDON, Tenn., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Malibu Boats™, the global leader in towboat sales, is thrilled to announce the launch of the new ultra-luxury 2025 Malibu M230 and its industry-leading premium features including the all-new Malibu Command Center™. The new M230 has been designed from the hull up to be the leader in its class, setting a new industry benchmark in engineering, design, performance, comfort, luxury, and onboard features. Sitting at 23 feet long with a dry weight of 6,750 pounds, the M230 is designed to impress and perform at the highest levels. With capacity for 16 people or 2,256 pounds, a total ballast of 4,102 pounds, including Power Wedge III™, and a 74-ga
LOUDON, Tenn., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Fiscal 2024 Highlights Compared to Fourth Quarter Fiscal 2023 Net sales decreased 57.4% to $158.7 millionUnit volume decreased 59.0% to 1,045 unitsGross profit decreased 87.8% to $12.5 millionGeneral and administrative expenses decreased to $21.6 millionNet loss increased 8.6% to a net loss of $19.6 millionAdjusted EBITDA decreased 104.5% to $(4.1) millionNet loss available to Class A Common Stock per share (diluted) increased 9.3% to a net loss of
LOUDON, Tenn., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its fourth quarter and full-year fiscal 2024 financial results on Thursday, August 29, 2024, 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, Chief Financial Officer, Bruce Beckman, and Board Chair, Michael Hooks. 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 w
LOUDON, Tenn., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Malibu Boats™, the worldwide leader in the towed watersports industry, is proud to announce the launch of the redesigned Malibu Wakesetter 25 LSV, alongside the all-new Malibu Command Center™ and a brand new, state-of-the-art boat builder tool for the 2025 model year. The New 25 LSV The completely new 2025 Malibu Wakesetter 25 LSV is set to redefine the watersports towboat experience thanks to its combination of unparalleled luxury, advanced technology, and top-tier performance for large crews. The excitement starts with the 25 LSV's totally redesigned hull. Boasting stunning new aesthetics, the new hull is deeper, making space for more b
LOUDON, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced the appointment of Steven D. Menneto as its new Chief Executive Officer ("CEO"), effective August 5, 2024. Mr. Menneto will also join Malibu Boats' Board of Directors (the "Board"), which will increase from nine to ten members. In connection with Mr. Menneto's appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company's President, as well as Michael K. Hooks, the Chair of the Board, will end. Mr. Hooks will remain Board Chair and Mr. Anderson will remain President of the Company. Mr. Menneto joins Malibu Boats from Polaris, where he was most recently President of the Off-
LOUDON, Tenn., May 02, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) today announced its financial results for the third quarter ended March 31, 2024. Third Quarter Fiscal 2024 Highlights Compared to Third Quarter Fiscal 2023: Net sales decreased 45.8% to $203.4 millionUnit volume decreased 51.9% to 1,269 unitsGross profit decreased 59.1% to $40.3 millionGAAP net income decreased 226.8% to a net loss of $67.8 million, inclusive of goodwill and other intangible asset impairment charges of $88.4 million incurred for the Maverick Boat Group reporting unitGAAP net income available to Class A Common Stock per share (diluted) decreased 230.7% to a net loss of $3.28 per shareAd
LOUDON, Tenn., April 18, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) announced today that it will release its third quarter fiscal 2024 financial results on Thursday, May 2, 2024, 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, Jack Springer, Chief Financial Officer, Bruce Beckman and Executive Chair, Michael Hooks. 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 c
Any and All Boats That Malibu Sold to Tommy's Boats Were Ordered by Tommy's Malibu Intends to Vigorously Defend Itself While Minimizing Any Short-Term Impact on Existing Dealer Partners and Customers LOUDON, Tenn., April 11, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (NASDAQ:MBUU) ("Malibu" or the "Company") today issued the following statement in connection with a lawsuit filed by Tommy's Boats ("Tommy's") and its related parties in the United States District Court for the Eastern District of Tennessee on April 10, 2024: "The Company intends to vigorously defend itself against the claims made by Tommy's. Tommy's was formerly a longtime dealer partner of ours, and we ended our relatio
DA Davidson downgraded Malibu Boats from Buy to Neutral and set a new price target of $45.00
DA Davidson upgraded Malibu Boats from Neutral to Buy and set a new price target of $45.00
DA Davidson downgraded Malibu Boats from Buy to Neutral and set a new price target of $45.00
Truist downgraded Malibu Boats from Buy to Hold and set a new price target of $32.00
The Benchmark Company initiated coverage of Malibu Boats with a rating of Buy and set a new price target of $44.00
Raymond James downgraded Malibu Boats from Outperform to Mkt Perform
B. Riley Securities downgraded Malibu Boats from Buy to Neutral and set a new price target of $69.00
KeyBanc Capital Markets initiated coverage of Malibu Boats with a rating of Overweight and set a new price target of $65.00
DA Davidson initiated coverage of Malibu Boats with a rating of Neutral and set a new price target of $50.00
Raymond James reiterated coverage of Malibu Boats with a rating of Outperform and set a new price target of $90.00 from $88.00 previously