Malibu Boats, Inc. (NASDAQ:MBUU) Q4 2023 Earnings Call Transcript

Jack Springer: Thank you very much. In summary, our fourth quarter and fiscal year results demonstrate the unbeatable strength and capabilities of our business model, led by our unmatched operational and manufacturing capabilities, we consistently provide the most innovative, highest quality boats to our loyal customer base. We continue to extend our strong track record of performance, delivering another record year for sales and EBITDA despite margin pressures as volumes and inventories normalize. While the economic environment continues to evolve, we remain very confident in our ability to execute on our strategy and match wholesale to retail demand. In every brand, we’ve increased market share and in some cases, the market share increases have been in the hundreds of basis points in gains.

Our strategic planning, operational excellence and supply chain management further supports our outperformance of the marine industry and will remain a key differentiator in this environment going forward, while at the same time, continuing to drive profitability for Malibu’s product portfolio. Our culture of innovation continues to attract consumers to our premium suite of large feature rich MBI brands from Malibu and Axis to Cobalt to Pursuit and Maverick. We are pushing the limits on innovation and quality with our model year ’24 lineup. A lot of uncertainty remains but we are confident that in the areas of the business that we can control, which are our leading vertical integration strategies, production capabilities, our premium product portfolio and our industry leading operational execution that we will drive further growth and deliver long term value to our shareholders.

I want to thank everybody for being on the call this morning and for your continued support. Have a great day.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.