Malibu Boats reported a 42.7% year-over-year revenue increase to $295.5 million in the fourth quarter of fiscal 2026, exceeding Wall Street’s forecast of $263.86 million by approximately 12%. The company’s shares rose 8.01% to $28.78 following the announcement.
Legacy segments generated $234.3 million in sales, up 13.2% from the prior year, while Saxdor Yachts contributed $61.2 million in quarterly revenue and roughly $4 million in adjusted EBITDA. Full-year revenue reached $914.6 million, with unit volume climbing to 1,456 boats from 1,221 a year earlier. Gross profit rose 59.4% to $52.2 million, while adjusted EBITDA totaled $33.9 million at an 11.5% margin, a 200 basis-point expansion year-over-year.
Net sales per unit increased to $203,000 from $169,600, with Saxdor accounting for 21% of sales, Malibu/Axis for 28%, Cobalt for 24%, and saltwater fishing brands for 27%. Adjusted net income per share more than doubled to $0.90 from $0.42 in the prior year period, while free cash flow for the year reached $43.2 million, representing about 58% of adjusted EBITDA.
Malibu also outlined plans to launch 13 new models across its legacy brands in fiscal 2027, building on 11 new models introduced in FY26. The company highlighted progress in integrating Saxdor, with its Fort Pierce, Florida facility on track to produce its first domestically-built Saxdor boat in the first half of FY27. Saxdor is projected to generate approximately $180 million in annual revenue with low-teens growth and EBITDA margins approaching 10% to 11%.
For fiscal 2027, Malibu raised its full-year net sales guidance to a range of $1.08 billion to $1.12 billion, with adjusted EBITDA projected between $101 million and $109 million. First-quarter FY27 revenue is expected to fall between $255 million and $265 million, with adjusted EBITDA of $14 million to $16 million. The company assumed low to mid-single-digit input cost inflation and flat-to-down conditions in the broader marine market.
Malibu’s balance sheet showed $74.4 million in cash at year-end and $165 million in long-term debt. The board authorized a new $70 million share repurchase program for FY27, complementing a refinanced credit facility. Chief Executive Officer Steve Menneto cited the company’s operational framework as a driver of results, while Chief Financial Officer David Black emphasized the refinanced facility and buyback authorization as key supports for execution through FY27.
