Malibu Boats, Inc. (MBUU) Q4 2024 Earnings Call Transcript Summary
Malibu Boats, Inc. (MBUU) Q4 2024 Earnings Call Transcript Summary
Fiscal year net loss widened to $56.4 million.The following is a summary of the Malibu Boats, Inc. (MBUU) Q4 2024 Earnings Call Transcript:
以下是馬里布遊艇公司（MBUU）2024財年第四季度業績會文本摘要：
Financial Performance:
金融業績：
Q4 net sales fell 57.4% to $158.7 million, unit volume down 59%.
Fiscal year net loss widened to $56.4 million.
第四季度淨銷售額下降了57.4%，爲15870萬美元，銷量下降了59%。
財年淨虧損擴大至5640萬美元。
Business Progress:
業務進展：
Repaid all remaining debt and executed a $10 million share repurchase.
Expanded market share in Cobalt and Pursuit brands.
償還所有剩餘債務並進行了1000萬美元的股票回購。
在Cobalt和Pursuit品牌上擴大市場份額。
Opportunity:
機會：
Poised for market growth with strong focus on cash generation and shareholder returns.
Continued innovation with new models planned for fiscal 2025.
以強調現金生成和股東回報爲重點，準備迎接市場增長。
不斷創新，計劃在2025財年推出新型號。
Risk:
風險：
Near-term market headwinds expected to continue impacting profitability.
Dealer inventory expected to contract, influencing retail sales.
預計短期市場逆風將繼續影響盈利能力。
經銷商庫存預計會收縮，影響零售銷售。
Financial Performance:
金融業績：
Q4 net sales decreased by 57.4% to $158.7 million, and unit volume decreased by 59% to 1,045 boats.
Consolidated net sales per unit increased by 4% to $151,878 per unit, primarily due to favorable model mix and price increases.
Gross profit decreased by 87.8% to $12.5 million with a gross margin percentage of 7.9%, significantly lower than the previous year's 27.5%.
Fiscal year 2024 net sales decreased by 40.3% to $829.0 million, and unit volumes decreased by 45.4% to 5,385 units.
Net loss for Q4 increased by 8.6%, resulting in a loss of $19.6 million.
Adjusted EBITDA for Q4 was a loss of $4.1 million, with an EBITDA margin of -2.6%.
For the full year, net income decreased by 152.3% to a net loss of $56.4 million.
第四季度淨銷售額下降了57.4%，至15870萬美元，單位銷量下降了59%，至1045艘船。
每單位的綜合淨銷售額增長了4%，至151,878美元，主要原因是模型組合有利和價格上漲。
毛利潤下降了87.8%至1250萬美元，毛利率爲7.9%，遠低於去年的27.5%。
2024財年淨銷售額下降了40.3%，至82900萬美元，單位銷量下降了45.4%，至5385輛。
第四季度淨虧損增長了8.6%，虧損達到1960萬美元。
第四季度調整後的EBITDA虧損了410萬美元，EBITDA利潤率爲-2.6%。
全年淨利潤下降了152.3%，虧損達到5640萬美元。
Business Progress:
業務進展：
Malibu Boats repaid all remaining debt and executed a share repurchase of $10 million during the quarter.
Completed the integration of the Roan County facility, consolidating the manufacturing footprint in Tennessee and enhancing operational efficiencies.
New dealers were brought online in regions formerly served by Tommy's Boats, broadening distribution and support for customers.
Expanded market share in Cobalt and Pursuit brands, with promising innovations planned for 2025.
Introduced significant model upgrades across its brands, with plans for launching more new models in fiscal 2025 than ever before.
Malibu Boats償還了所有剩餘債務，並在本季度進行了1000萬美元的股票回購。
完成了Roan County工廠的整合，整合了田納西州的製造業，並提高了運營效率。
新的經銷商進入了之前由Tommy's Boats服務的地區，擴大了對客戶的分銷和支持。
在Cobalt和Pursuit品牌中擴大了市場份額，計劃在2025年推出有希望的創新。
在其品牌系列中推出了重大的型號升級，並計劃在2025財年推出比以往更多的新款型號。
Opportunities:
機會：
Poised to capitalize on long-term market growth with a lean inventory strategy and a strong focus on cash generation and shareholder returns.
Anticipated improvement in sales and adjusted EBITDA margin in fiscal 2025, supported by lower expected capital expenditures.
Continued investment in innovation, with several new model launches set to fuel market share growth and consumer demand.
通過精益庫存策略和強大的現金生成和股東回報關注度，爲長期市場增長提供機會。
預計2025財年銷售額和調整後的EBITDA利潤率將有所改善，預計資本支出將會降低，提供支持。
繼續在創新方面進行投資，計劃推出多款新型號，以推動市場份額的增長和消費者需求。
Risks:
風險：
The near-term market headwinds with expected continued downward pressure due to macroeconomic factors.
High promotional spending and less favorable product mix impacting profitability.
Dealer inventory levels expected to contract below historical norms due to high flooring costs, influencing retail sales dynamics.
預計由於宏觀經濟因素，短期市場風險增加，預計將面臨持續下行壓力。
高額促銷支出和不利的產品組合影響了盈利能力。
由於高昂的庫存成本，經銷商庫存水平預計將低於歷史水平，這將影響零售銷售動態。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息，請參閱IR網站。本文只是爲投資者提供參考，沒有任何指導或推薦建議。