Malibu Expects FY24 Net Sales Decline Of 40%-41% YoY, Adjusted EBITDA Margin Of 10.1%-10.5%
Portfolio Pulse from Benzinga Newsdesk
Malibu Boats, Inc. (MBUU) forecasts a significant decline in FY24 net sales by 40%-41% year-over-year, with an expected adjusted EBITDA margin of 10.1%-10.5%.
May 02, 2024 | 11:09 am
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Malibu Boats, Inc. anticipates a 40%-41% decrease in FY24 net sales and expects an adjusted EBITDA margin of 10.1%-10.5%.
The forecasted significant decline in net sales for FY24 directly impacts Malibu Boats, Inc.'s financial health and investor sentiment. Such a substantial decrease in sales is likely to lead to negative investor sentiment in the short term, potentially causing a decrease in the stock price. The adjusted EBITDA margin, while providing some insight into operational efficiency, may not be sufficient to offset the negative impact of the sales decline.
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