Capital ManagementThe company has capital flexibility with reduced capital expenditures and plans for buybacks and potential mergers and acquisitions in a fragmented market.
Financial StrategyMalibu Boats, Inc. has a net cash balance sheet and a highly variable cost structure, which should help it preserve margins relative to peers in a downcycle.
Sales PerformanceEncouraged by its annual Ski/Wake (Malibu/Axis) sales event, with higher retail sell-through and participation, as well as reduced promotional activity, relative to last year.