Malibu Boats FY2026 10-K: Saxdor Integration Drives 13% Revenue Growth, New $70M Buyback Authorized
MBUU sits 26% above its 52-week low of $23.84.
Summary
Malibu Boats filed its FY2026 10-K showing 13.3% revenue growth to $914.6M driven by the Saxdor acquisition, a return to profitability, a new $70M buyback authorization, and a refinanced credit facility extending maturity to 2031.
Key Events · Earnings and Guidance · MBUU
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FY2026 Revenue Up 13.3% to $914.6M
Full-year net sales rose $107.0 million to $914.6 million, driven by $84.3 million from the newly acquired Saxdor segment plus favorable model mix and price increases across existing segments.
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Return to Profitability
Net income of $1.7 million versus a $56.4 million loss in FY2024; adjusted EBITDA of $73.9 million was roughly flat versus $74.8 million in FY2025 as acquisition costs and margin pressure offset revenue growth.
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New $70M Repurchase Program
Board authorized the FY2027 Repurchase Program on June 23, 2026 for up to $70 million of Class A Common Stock through June 30, 2027, following $33.9 million in buybacks during FY2026.
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Credit Facility Refinanced
On July 10, 2026, the company entered a Fourth Amended and Restated Credit Agreement providing a $250 million revolver and $100 million term loan, both maturing July 10, 2031, replacing the prior $350 million revolver.
Analysis · MBUU · Manufacturing
The Saxdor acquisition is reshaping Malibu Boats' financial profile, as the annual report confirms full-year net sales climbed 13.3% to $914.6 million, with the new segment contributing $84.3 million since March. Profitability returned with net income of $1.7 million versus a $56.4 million loss in FY2024, though adjusted EBITDA of $73.9 million was essentially flat year-over-year. Management also authorized a fresh $70 million repurchase program and refinanced its credit facility with a $250 million revolver and $100 million term loan maturing in 2031, extending runway while integration costs and tariff exposure remain headwinds.
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At the time of this filing, MBUU was trading at $30.01 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $523.1M. The 52-week trading range was $23.84 to $39.65. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.