Malibu Boats Q3 Sales Up 3.1% to $235.7M, Unit Volume Down 12.4%, Net Loss $2.4M
Malibu Boats reported Q3 fiscal 2026 net sales rose 3.1% to $235.7 million, though unit volume fell 12.4% to 1,253 vessels. Gross profit slid 9.7% to $41.3 million and the company swung to a $2.4 million net loss from a $13.2 million profit in Q3 2025.
1. Third Quarter Fiscal 2026 Results
Malibu Boats achieved net sales of $235.7 million in Q3 fiscal 2026, up 3.1% year-over-year, while unit volume dropped 12.4% to 1,253 boats. Gross profit declined 9.7% to $41.3 million, adjusted EBITDA fell 19.7% to $22.7 million, and GAAP net loss was $2.4 million, or $0.13 per diluted share, versus $13.2 million net income in Q3 2025.
2. Saxdor Acquisition and Growth Strategy
On March 2, 2026, Malibu Boats closed its acquisition of Saxdor Yachts, adding $23.1 million in net sales during the quarter and expanding into premium adventure dayboats. The Saxdor 460 GTC flagship model debuted at the Palm Beach International Boat Show, sold out for the year, and reinforces the company’s goal to build a scalable global operating platform.
3. Capital Allocation and Share Repurchase
Operating cash flow was $21.4 million and free cash flow reached $16.0 million. Malibu repurchased approximately 492,794 shares for $13.1 million at an average price of $26.24, offsetting dilution from equity issued as part of the Saxdor transaction and demonstrating disciplined capital allocation.