What factors drove the changes in Malibu Boats's revenue and profit?

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What is the revenue and EPS growth rate for Malibu Boats year over year?

What is Malibu Boats's gross profit margin?

What is Malibu Boats's latest dividend and current dividend yield?

What does Malibu Boats do and what are its main business segments?

Did Malibu Boats beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Malibu Boats next quarter?

- **Revenue Beat**: 13.5% YoY sales growth ($194.7M) driven by unit volume and model mix, despite soft retail.
- **Strategic Momentum**: MBI Acceptance financing program gains traction, with dealer participation growing.
- **Profitability**: Adjusted EBITDA up 9.1% to $11.8M, margin 6.1% vs. 5.8% prior year.
- **Tariff Mitigation**: 1.5%-3% cost headwinds offset by supply chain initiatives.
- **Guidance**: Full-year sales flat to down mid-single digits; Q2 sales $175M-$185M.

**【CEO Summary Section】**
- **Revenue Growth**: Q1 FY2026 net sales increased 13.5% to $194.7M, driven by 10.3% unit volume growth and favorable model mix. Malibu/Axis brands accounted for 47.7% of units.
- **Strategic Initiatives**: Launched MBI Acceptance financing program, generating strong dealer engagement and early success. Introduced 2026 models including Kobia, Malibu 21 LX, Cobalt R31, and Pathfinder 2600.
- **Market Outlook**: Maintains full-year guidance of flat to mid-single-digit sales decline. Q2 sales expected between $175M-$185M.
- **Dealer Health**: Focus on rightsizing inventory through promotions, with dealer inventories slightly elevated but manageable.

**【CFO Financial Commentary】**
- **Financial Performance**: Adjusted EBITDA rose 9.1% to $11.8M, margin improved to 6.1% (vs. 5.8% prior year). Non-GAAP EPS was $0.15, up $0.08 YoY.
- **Gross Margin**: 14.3% (down 210bps YoY) due to higher labor/material costs and dealer incentives.
- **Expense Management**: G&A decreased 23.8% to $20.7M, benefiting from prior-year legal settlement.
- **Cash Flow**: Generated $2.5M free cash flow vs. $11.3M in Q1 FY2025, despite seasonal challenges.
- **Tariff Impact**: Anticipates 1.5%-3% cost headwinds, partially mitigated by supply chain initiatives.

**【Q&A Highlights】**
- **Interest Rates**: Dealer floorplan costs reduced due to SOFR decline, but consumer financing rates lag.
- **Dealer Incentives**: Malibu segment saw higher incentives to manage elevated Q1 inventory.
- **Inventory Management**: Expect dealer inventories to trend down in 2H FY2026, aligning with mid-single-digit market decline.
- **MBI Acceptance**: Early success with 360-degree marine ecosystem, targeting dealer engagement and retail conversion.
- **ASP Trends**: Modest price increases, with macro trend toward larger, feature-rich boats.
- **M&A Strategy**: Open to opportunities that align with growth strategy, no immediate transactions.
- **Gross Margin Leverage**: Requires market recovery for meaningful improvement, but 2H FY2026 guidance includes margin expansion.

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