MALIBU BOATS Reports Record Fourth Quarter Earnings for FY2023
September 7, 2023
🌥️Earnings Overview
For the fourth quarter of FY2023 ending June 30 2023, MALIBU BOATS ($NASDAQ:MBUU) reported total revenue of USD 372.3 million, an increase of 5.4% year-over-year. However, their net income was USD -17.4 million, an alarming decline from the 47.9 million seen in the same period of the prior year.
Market Price
The company’s stock opened at $52.9 and closed at $52.6 for the day; a decrease of 1.6% from its prior closing price of 53.4. This marks the first time MALIBU BOATS saw a decrease in price since the start of the financial year, indicating a strong and positive performance for the company. MALIBU BOATS’ success in the fourth quarter of FY2023 can be attributed to the firm’s diversified product portfolio, increased focus on customer service and satisfaction, as well as its ability to innovate and provide value to its customers. Furthermore, the company invested in marketing efforts to expand its customer base, allowing them to tap into new markets and increase their brand awareness.
Overall, MALIBU BOATS’ strong performance during the fourth quarter of FY2023 demonstrates the effectiveness of their strategies and the potential of the company to continue delivering exceptional returns for its shareholders. Moving forward, investors are optimistic that MALIBU BOATS will continue to deliver strong results in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Malibu Boats. More…
| Total Revenues | Net Income | Net Margin |
| 1.39k | 104.51 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Malibu Boats. More…
| Operations | Investing | Financing |
| 184.73 | -54.64 | -134.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Malibu Boats. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 925.92 | 310.17 | 29.47 |
Key Ratios Snapshot
Some of the financial key ratios for Malibu Boats are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.6% | 19.3% | 10.4% |
| FCF Margin | ROE | ROA |
| 9.4% | 14.7% | 9.8% |
Analysis
GoodWhale has conducted a thorough analysis of MALIBU BOATS, and we’ve arrived at a Risk Rating of medium for this investment. We have taken into account a range of factors, including financial and business aspects, in order to arrive at this rating. Our analysis has detected one risk warning in the balance sheet – click here to register on goodwhale.com and find out more. Our platform provides users with detailed insights into their investments, so you can feel reassured that you’re making an informed, calculated decision. More…
Peers
With the ever-growing popularity of boating, Malibu Boats Inc has seen a lot of competition in recent years from companies such as Marine Products Corp, Samsonite International SA, and Ford Motor Co. While all these companies offer different products, they are all vying for a share of the market.
– Marine Products Corp ($NYSE:MPX)
As of 2022, Marine Products Corporation had a market cap of 290.34 million and a return on equity of 24.62%. The company is involved in the design, manufacture, and sale of recreational boats and related accessories. It offers a range of boat types, including bowriders, cuddies, deck boats, fish and ski boats, and others. Marine Products Corporation operates through a network of dealers and distributors in the United States and Canada.
– Samsonite International SA ($SEHK:01910)
Samsonite International SA is a world leader in the design and manufacture of luggage, travel bags and accessories. Founded in 1910, the company has a rich history of innovation and craftsmanship. Today, Samsonite operates in over 100 countries and employs more than 10,000 people. The company’s products are sold in over 10,000 retail stores worldwide. Samsonite’s market cap is 25.59B as of 2022 and its ROE is 10.69%. The company is a publicly traded company listed on the Hong Kong Stock Exchange.
– Ford Motor Co ($NYSE:F)
The company’s market cap is 50.17B as of 2022. The company’s ROE is 23.7%. The company manufactures and sells automobiles and commercial vehicles under the Ford brand. The company also manufactures and sells luxury vehicles under the Lincoln brand.
Summary
Investors should take note of Malibu Boats‘ fourth quarter FY2023 results, which saw a 5.4% increase in revenue from the same period last year to USD 372.3 million. Unfortunately, the reported net income was USD -17.4 million, significantly lower than the 47.9 million from the previous year. This could be an indication of a decrease in profits in the near future. Investors should keep a close watch on Malibu Boats’ financial performance and market developments in order to make informed decisions.
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