Filing Flows › Malibu Boats (MBUU) › Q3 FY25
Malibu Boats (MBUU) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 8, 2025
Malibu Boats (MBUU) reported revenue of $229M for the third quarter fiscal 2025 (Q3 FY25), +12% from a year earlier and +14% from the quarter before. Operating margin was 7.6%, net earnings $12.9M (5.6% of revenue).
Malibu Boats, Q3 FY25: revenue $229M (+12% year over year), operating margin 7.6%, net earnings $12.9M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $229M | +14% | +12% |
| Gross profit | $45.7M | +22% | +13% |
| Operating profit | $17.4M | +447% | — |
| Net earnings | $12.9M | +445% | — |
| Operating cash flow | $15.5M | -46% | -34% |
| Free cash flow | $8.8M | -61% | -24% |
What changed
Revenue was $228.7M in Q3 FY25, up 12% year over year and up 14% from the previous quarter. Malibu was the largest line at 45% of revenue. Malibu added $42.0M year over year (up 70%), 167% of the total change. Cobalt declined 12%.
Gross margin was 20.0%, up 0.2 points from a year earlier. Operating profit was $17.4M, a 7.6% margin (up 44.4 points year over year). Operating expenses fell 75% while revenue rose 12%. Net earnings were $12.9M. The effective tax rate was 21.8%.
Operating cash flow was $15.5M (down 34% year over year), 117% of net income including minority interests. Non-cash charges added back $9.9M of depreciation and amortization and $264K of share-based compensation. Working capital and other items used $7.9M. Capital expenditures of $6.7M left free cash flow of $8.8M.
Questions
What was Malibu Boats' revenue in the third quarter fiscal 2025?
Malibu Boats (MBUU) reported revenue of $229M for the third quarter fiscal 2025 (Q3 FY25), +12% from a year earlier and +14% from the quarter before.
Was Malibu Boats profitable in the third quarter fiscal 2025?
Operating profit was $17.4M (7.6% of revenue) and net earnings $12.9M.
Source: Malibu Boats 10-Q on SEC EDGAR.