Equity PerformanceThe stock is down 30% year-to-date, indicating a significant decline in equity performance.
Market Segment WeaknessMalibu Boats, Inc. highlighted weakness in its saltwater segment with declines in both units and average selling prices, heavily reliant on Florida, affected by a difficult hurricane season.
Revised GuidanceFY25 guidance was cut from flat-to-low-single-digit growth to flat-to-low-single-digit decline for the year, reflecting a conservative outlook due to challenges in the ski/wake category.