MBUU News & Events

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.

The company is reaffirming its existing fiscal third quarter guidance and its full year fiscal 2026 guidance for the legacy MBI business, which did not contain assumptions for any acquisition activity, including Saxdor. Given the Saxdor transaction's closing date of March 2, 2026, the company anticipates recognizing partial fiscal third quarter contribution associated with this business when it reports results for the quarter ended March 31, 2026.

For the full fiscal year 2026, Malibu anticipates net sales to be flat to down mid-single digits year-over-year, and Adjusted EBITDA margin ranging from 8%-9%.

Reports Q2 revenue $188.6M, consensus $181.96M. "We exceeded second-quarter revenue expectations, despite a challenging retail environment and are optimistic entering the early boat show season," commented Steve Menneto, President and Chief Executive Officer of Malibu Boats, Inc. "The broader retail environment is performing as expected, and customer response to our new model-year boats has been encouraging. We were pleased with the close of our Malibu Year-End Sales event, which saw strong interest across key customer segments. While demand remains choppy, we are operating efficiently, seeing success in our centralized sourcing model, and maintaining disciplined production and healthy dealer inventory levels. We continue to enhance the customer purchase experience and support our dealer partners, who are encouraged by the ongoing rollout of MBI Acceptance, our white label financing partnership across our brands."