Malibu Boats Q2 Earnings & Revenues Surpass Estimates, Fall Y/Y

Malibu Boats, Inc. MBUU reported second-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines declined on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.During the quarter, the company navigated a challenging marine market by leveraging its strong brand portfolio and industry-leading innovation while maintaining a strategic focus on dealer health. While the Year-End Sales event and early-season boat shows delivered moderate results, demand recovery heading into the selling season has been less robust than anticipated. Malibu Boats plans to monitor in-season shows to assess consumer interest. It remains cautious about near-term market conditions.MBUU’s Q2 Earnings & RevenuesDuring the fiscal second quarter, the company reported adjusted earnings per share (EPS) of 31 cents, beating the Zacks Consensus Estimate of 21 cents. In the prior-year quarter, MBUU reported an EPS of 57 cents.Quarterly revenues of $200.3 million beat the Zacks Consensus Estimate of $191 million by 5.1%. However, the top line declined 5.1% on a year-over-year basis. The downside can be attributed to lower unit volumes in the Malibu and Saltwater Fishing segments due to reduced wholesale shipments. However, this was partially offset by a favorable model mix in these segments and inflation-driven year-over-year price increases.Malibu Boats, Inc. Price, Consensus and EPS Surprise Malibu Boats, Inc. price-consensus-eps-surprise-chart | Malibu Boats, Inc. QuoteMalibu Boats Segmental PerformanceDuring the fiscal second quarter, net sales in the Malibu segment decreased 3% year over year to $74.1 million. The downside was mainly driven by lower unit volumes, partially offset by a favorable model mix and inflation-driven price increases.Net sales in the Saltwater Fishing segment declined 15.2% year over year to $70.2 million. Decreased units owing to lower wholesale shipments and retail activity primarily caused the downside.During the quarter, revenues from the Cobalt segment increased 7.8% year over year to $56 million. The upside was driven by an increase in units and inflation-driven year-over-year price increases.MBUU Operating HighlightsDuring the fiscal second quarter, selling and marketing expenses inched up 6.7% year over year to $6 million. The increase was mainly due to a rise in marketing events. As a percentage of sales, selling and marketing expenses increased 30 basis points to 3.0%.General and administrative expenses during the quarter came in at $26.5 million compared with $15.4 million reported in the prior-year quarter. The increase was driven by legal fees, incentive pay, salaries and stock-based compensation expenses.Operating income during the quarter came in at $3.2 million compared with $14.7 million reported in the prior-year quarter.Adjusted EBITDA during the quarter came in at $16.9 million compared with $22.9 million reported in the prior year quarter. Adjusted EBITDA margin in the fiscal second quarter came in at 8.4% compared with 10.9% reported in the year-ago period.MBUU’s Balance SheetCash as of Dec. 31, 2024, totaled $35.1 million compared with $26.9 million on June 30, 2024.Inventory during the quarter came in at $144.9 million compared with $145.6 million as of June 30, 2024.As of Dec. 31, 2024, the company reported long-term debt of $23 million.MBUU’s Fiscal 2025 OutlookFor fiscal 2025, the company expects the net sales percentage to be flat to down low single digits on a year-over-year basis. The company expects fiscal 2025 Adjusted EBITDA margin to be approximately 10%.MBUU’s Zacks RankMalibu Boats currently carries a Zacks Rank #2 (Buy).Other Stocks to ConsiderSome other top-ranked stocks in the Zacks Consumer Discretionary sector are:Trip.com Group Limited TCOM sports a Zacks Rank #1 (Strong Buy) at present. TCOM delivered a trailing four-quarter earnings surprise of 42.8%, on average. The stock has gained 12.7% in the past three months. You can see the complete list of today’s Zacks Rank #1 stocks here.The Zacks Consensus Estimate for TCOM’s 2025 sales and EPS indicates growth of 15.1% and 7.4%, respectively, from the year-ago levels.JAKKS Pacific, Inc. JAKK currently sports a Zacks Rank #1. JAKK delivered a trailing four-quarter earnings surprise of negative 75.9%, on average. The stock has gained 1% in the past three months.The Zacks Consensus Estimate for JAKK’s 2025 sales indicates growth of 1.9% from the year-ago levels.Carnival Corporation & plc CCL currently carries a Zacks Rank #2. CCL has a trailing four-quarter earnings surprise of 326.4%, on average. The stock has surged 26.8% in the past three months.The Zacks Consensus Estimate for CCL’s 2025 sales and EPS indicates growth of 4% and 23.9%, respectively, from the year-ago levels.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carnival Corporation (CCL): Free Stock Analysis Report JAKKS Pacific, Inc. (JAKK): Free Stock Analysis Report Malibu Boats, Inc. (MBUU): Free Stock Analysis Report Trip.com Group Limited Sponsored ADR (TCOM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks