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39.92Year:1980Asking:$42,000

Featured Sailboat: 27.6Year:2025Asking:$ Featured Sailboat: 19Year:1982Asking:$4,500 ... 60Year:2012Asking:$530,000 Standard Sailboat Ads:

Snowgoose, built in Britain and sailed over by the first owner to the southern Caribbean. We are the second owners and have sailed her from the southern Caribbean to the head of the Great Lakes and back to the Bahamas several times. She is stable, solid and reliable in any conditions. 35 feet long by beam. solid fibreglass hull and decks – no coring. She has a not a hard front deck. Boat is in great condition with new rig, main sail and 3YM Yanmar diesel 2200 hours.…  35 Year: 1980 Asking: $81,000
16 Year: 1977 Asking: $4,000
45 Year: 2015 Asking: $525,000
34.5 Year: 2001 Asking: $78,500
31 Year: 1968 Asking: $8,500
21 Year: 1985 Asking: $5,800

Standard Sailboat Ads:

34 Year: 1983 Asking: $33,000
22 Year: 1993 Asking: $11,500
29.92 Year: 1984 Asking: $17,500
20 Year: 1975 Asking: $10,000
25 Year: 1986 Asking: $13,000
30 Year: 1980 Asking: $18,000
22 Year: 2003 Asking: $17,250
42 Year: 2017 Asking: $534,000
40 Year: 2005 Asking: $300,000
28.5 Year: 1988 Asking: $23,000

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1985 C&C 44

1976 Cheoy Lee

1967 Pearson Invicta

1990 Caliber 38

1985 Catalina 36

1988 Catalina 36

1975 Islander 36

2001 Beneteau 361

1987 Ta Shing Tashiba 31

1979 C&C 34

1989 Catalina 34 MKII

1988 Beneteau First 285

2004 Hunter 260

1974 San Juan

1974 Herreshoff American

Barker’s island marina.

250 Marina Drive Superior, Wisconsin 54880 715-392-7131 / fax: 715-392-7133 [email protected]

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• Summer Hours (Effective Memorial Day Weekend): Everyday 8:00-4:30
• Winter Hours (Effective October): Monday - Friday 8:00-4:30

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• Parts : Monday- Friday 8:00-4:30 & Saturday 8:00-12:00
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Barker's Island Marina Sailboats Inc.

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Lake Superior's largest marina with 420 slips is a complete boating center and marina community offering sailboat rental, guest docking, full-service and repair, a boaters clubhouse and more.

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• Catalina 12.5 Expo
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MAINSHEET MAGAZINE

• TRUE NORTH YACHTS

A legacy built on precision, innovation and unmistakable American craftsmanship.

Elevate your sailing experience with a touch of true American Luxury.

CHEERS! TO OUR OWNERS, DEALERS & TEAM

A key to our success and longevity is the relationship and communication with our owners, dealers and team. For more than 50 years they have propelled us forward as America’s largest sailboat builder.

We are a Catalina family.

MEET OUR FLEET

We’re not just building sailboats; we’re creating experiences that resonate with the essence of American Luxury. Our fleet is a testament to a legacy built on precision, innovation, and the spirit of adventure, with the unmistakable touch of American craftsmanship.

SPORT SERIES

CRUISER SERIES

OCEAN SERIES

Find your dealer.

We have a roster of dealers across the country who represent the Catalina fleet and there’s a good chance they’re planing a show, event or open house to showcase their in-stock Catalina models.

CATALINA YACHTS STORE

CATALINA YACHTS OFFICIAL RETAIL PARTNER

Performance hardware, sails, custom apparel, mats, sheets and much more!

The official publication for thousands of Catalina Yachts sailboat owners around the world.

FORGING AHEAD

From the past 50 years, and to the next 50, Catalina is devoted to providing owners and dealers with quality and value that has made Catalina America’s largest sailboat builder.

Frank Butler’s vision and philosophy carries forward with Sharon Day, who worked alongside Frank for 48 years, at the helm of a veteran leadership team.

TRUE NORTH BY CATALINA

True North initiates Catalina’s entry into the growing market segment of Downeast-style powerboats and promises traditional style with great performance and Catalina value.

PROUDLY OWNED, DESIGNED & BUILT IN AMERICA

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• A REMARKABLE ANNIVERSARY
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For over 140 years, we've crafted every innovation in hull design and navigation with your ultimate experience in mind. Since our inception in 1884, BENETEAU has tirelessly pursued perfection, shaping living spaces and setting new standards on the water. Our commitment to building the sturdiest, safest, and most breathtaking boats remains steadfast. Rooted in a heritage of craftsmanship and driven by an unwavering passion for performance, the BENETEAU family's legacy shines through in every FIRST, FIRST SE, FIGARO, OCEANIS, and OCEANIS YACHT we create today.

The  world reference  in cruising. Oceanis is our range of long-distance, blue water cruisers that for years has set the standard for sailboat design and construction, with a hull that is a marvel in hydrodynamics,  Oceanis delivers superior performance  while providing stability and safety while under sail. Despite her strong sea legs, she doesn’t sacrifice luxury and comfort. You can choose your layout based on different configurations below deck and also have  your choice  of interior finishes. Your Oceanis will be a joy to sail and be  your home away from home . The Oceanis range continues to  appeal to all sailors  around the world.

Oceanis Yacht

The  Oceanis Yacht  is the culmination of our Oceanis philosophy where cruising comfort, performance, and customization reign supreme. Her elegant design and luxurious interiors add a new dimension to life at sea with an enormous salon, impressive galley, spacious staterooms, and plenty of ambient light from the many large windows and skylights. Despite her lavish details, our Oceanis Yacht maneuvers as easily as a smaller yacht thanks to a perfectly centered sail plan and twin rudders. She is a yacht that represents the  art of sailing  at its regal best.

40 years of iconic  brand heritage. The signature features of the FIRST range have not changed since its conception in 1977 – these boats have always been designed for  sailors  who enjoy club racing as much as cruising, joining them into one cohesive product line, the proverbial  best  of both worlds. Today, BENETEAU takes another step in this direction with the launch of the new FIRST range.  These boats offer simplicity, performances, and comfortable interiors and cockpits geared towards daysailing and coastal cruising. Renewing the competition spirit of the brand, they represent a true adaptation to the  needs and expectations  of the widest variety of sailors.

High-tech performance from the cutting edge of racing into the hands of the recreational sailors.  First SE - Seascape Edition encourages and empowers sailors to expand their comfort zone by joining competitive one-design racing and adventure sailing . It grows a community of owners linked by shared values and a drive to strengthen their sailing skills. Whether owners are racing against others in one-design classes or are engaging in adventure sailing, the First SE connects them to the elements and helps them experience nature in the most authentic way. A carbon rig, laminate sails and other technological features give sailors the ultimate sailing experience, performance and control.

A true legend. The Figaro is an ode to excellence in offshore racing. The one-design sailing yacht was initially designed for the Solitaire du Figaro, allowing some of the greatest skippers to compete at sea on equal terms, much to their pleasure. The sailor makes the difference on a Figaro.   

Heritage BENETEAU sailboats

Our history has been told many times in these last fifty years, but, to understand it, you need to grasp our company values, and return to its origins, since it is nothing but continuity and progression.

- Annette ROUX

DISCOVER ALL OUR SAILING BOATS AND LUXURY YACHT RANGES 

Are you looking for a  sailing yacht dealer ? Leisure boating, short trips, competitive sailing, regattas – whatever type of sailing you like, BENETEAU has a wide range of  sailing yachts  and  luxury yachts , so there’s bound to be a boat to fulfill your dreams. 

SAILING YACHTS FOR ANY TYPE OF SAILING 

We built our first sailboats over 138 years ago and many things have changed since then. The oak we once relied on has been replaced with strong but lightweight resin and carbon fiber. Where canvas once caught the wind, now it’s Kevlar and Vectran. We’ve transformed dark, confining salons and cabins into bright, open living spaces. And the list of innovations in hull design and navigation continues to grow at a rapidly increasing pace.

However, some things haven’t changed and never will. Benjamin BENETEAU’s philosophy of building the strongest, safest, most beautiful boats on the water is alive and well. The BENETEAU family’s pride in craftsmanship and passion for performance can easily be recognized in every FIRST, FIGARO, OCEANIS, and OCEANIS YACHT built today.  

Knowing what to keep and what to change – that’s why BENETEAU continues to set the bar in sailing.

OCEANIS: THE BEST SELLER

Oceanis is our range of long-distance, blue water cruisers and for years has set the standard for sailboat design and construction. With a hull that is a marvel in hydrodynamics, Oceanis delivers superior performance while providing stability and safety under sail. Despite her strong sea legs, she doesn’t sacrifice luxury and comfort. You can choose your layout based on different configurations below deck and also have your choice of interior finishes. Your Oceanis will be a joy to sail and be your home away from home.

OCEANIS YACHTS:LUXURY YACHTS

BENETEAU is also there to help you buy a top-quality boat. The OCEANIS Yacht line delivers  luxury sailing yachts  that satisfy this requirement perfectly. The line comprises two luxury craft of over 50 feet, designed by renowned architects and designers. 

FIRST: ICONIC PERFORMANCE SAILING

 Our 7th generation of the First range offers you the experience of pure sailing joy while staying true to our standards for safety and stability. She is lightweight with a streamlined design, making her highly adaptable to whatever the wind and water have in store. The First is fast but forgiving, spicy but safe – perfect for the thrill-seeking novice or seasoned competitive sailor alike.

FIRST SE: HIGH PERFORMANCE YACHTS

First SE - Seascape Edition encourages and empowers sailors to expand their comfort zone by joining competitive one-design racing and adventure sailing. It grows a community of owners linked by shared values and a drive to strengthen their sailing skills. Whether owners are racing against others in one-design classes or are engaging in adventure sailing, the First SE connects them to the elements and helps them experience nature in the most authentic way.

FIGARO: OFFSHORE AND PROFESSIONAL RACING

A marvel in racing innovation, the Figaro BENETEAU 3 is the first production foiling one-design monohull to ever grace the seas. Designed in collaboration between BENETEAU and Van Peteghem Lauriot-Prévost (the architects of the last two Vendée Globe winners), her greatest and most visible feature is the inverted foiling system created to reduce drift and improve the righting moment without increasing movement. The Figaro BENETEAU 3’s radical design makes her the logical choice when winning isn’t everything, it’s the only thing.

SAILING YACHTS SAILING THE FIVE OCEANS 

This diversity has led to the BENETEAU brand being represented on all the world’s seas. But wherever they are, BENETEAU boats are easily recognizable for their taut lines, innovative design, robustness and performance. No doubt this will continue, since BENETEAU is constantly reinventing itself to provide ever more enjoyable, high performing, safe and user-friendly recreational craft. BENETEAU achieves this by making the most of current and future innovations such as ship control, dock and go, foils, etc.

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Malibu boats, inc. announces fourth quarter fiscal 2024 results.

LOUDON, Tenn., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2024.

Fourth Quarter Fiscal 2024 Highlights Compared to Fourth Quarter Fiscal 2023

Net sales decreased 57.4% to $158.7 million

Unit volume decreased 59.0% to 1,045 units

Gross profit decreased 87.8% to $12.5 million

General and administrative expenses decreased to $21.6 million

Net loss increased 8.6% to a net loss of $19.6 million

Adjusted EBITDA decreased 104.5% to $(4.1) million

Net loss available to Class A Common Stock per share (diluted) increased 9.3% to a net loss of $0.94 per share

Adjusted fully distributed net income per share decreased 113.1% to $(0.39) per share on a fully distributed weighted average share count of 21.0 million shares of Class A Common Stock

Fiscal Year 2024 Highlights Compared to Fiscal Year 2023

Net sales decreased 40.3% to $829.0 million

Unit volume decreased 45.4% to 5,385 units

Gross profit decreased 58.1% to $147.1 million

General and administrative expenses decreased to $76.3 million

Net income decreased 152.3% to a net loss of $56.4 million

Adjusted EBITDA decreased 71.0% to $82.2 million

Net income available to Class A Common Stock per share (diluted) decreased 154.2% to net loss of $2.74 per share

Adjusted fully distributed net income per share decreased 79.1% to $1.92 on a fully distributed weighted average share count of 21.1 million shares of Class A Common Stock

“As the new CEO of Malibu Boats, I am committed to our goal of navigating the near-term headwinds while enhancing our roadmap for strategic growth. I am excited about the opportunity to continue our presence as the premier manufacturer of recreational powerboats. Our focus on developing premium products for all our brands remains unwavering as we introduce our new Model Year 2025 lineup,” commented Steve Menneto, Chief Executive Officer of Malibu Boats, Inc. “The deep-rooted history of innovation across our premium brands and feature-rich product portfolio, along with our steadfast commitment to operational excellence, deeply resonates with me. I am excited by the tremendous opportunity to further our mission and drive value to our employees, customers, and shareholders. I look forward to working closely with the entire Malibu Boats family as we demonstrate our resilience through current market headwinds while leveraging our strengths to accelerate our long runway for growth.”

“Despite a softened retail demand environment, we are pleased with our execution as we closed out the fiscal fourth quarter,” commented Bruce Beckman, Chief Financial Officer of Malibu Boats, Inc. “We generated positive cash flow, paid down our remaining debt and returned cash to shareholders. We also made significant progress returning inventory to more normalized levels while upgrading our dealer network. Looking ahead to the next fiscal year, while we expect continued market challenges in the near term, we remain optimistic about the business's potential in a more normalized market. We remain well-positioned to execute on our foundational strengths, navigating the cycle with our flexible cost structure and positioning ourselves to expand our market share and drive profitable growth for our shareholders.”

Results of Operations for the Fourth Quarter and Fiscal Year 2024 (Unaudited)

Comparison of the Fourth Quarter Ended June 30, 2024 to the Fourth Quarter Ended June 30, 2023

Net sales for the three months ended June 30, 2024 decreased $213.6 million, or 57.4%, to $158.7 million, compared to the three months ended June 30, 2023. The decrease in net sales was primarily due to lower wholesale shipments driven by lower retail activity during the period, increased promotional costs and elevated dealer channel inventory levels. Unit volume for the three months ended June 30, 2024 decreased 1,505 units, or 59.0%, to 1,045 units compared to the three months ended June 30, 2023. Our unit volume decreased primarily due to lower wholesale shipments across all segments. The decrease in wholesale shipments were driven by our efforts to address elevated channel inventory resulting from weakening retail demand experienced throughout the fiscal year.

Net sales attributable to our Malibu segment decreased $122.8 million, or 76.6%, to $37.5 million for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. Unit volumes attributable to our Malibu segment decreased 934 units, or 74.5%, for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. The decrease in net sales was primarily due to lower wholesale shipments driven by lower retail activity and elevated dealer channel inventory levels during the period and increased promotional costs, partially offset by lower dealer flooring program costs.

Net sales attributable to our Saltwater Fishing segment decreased $57.7 million, or 44.9%, to $71.0 million, for the three months ended June 30, 2024, compared to the three months ended June 30, 2023. Unit volumes decreased 370 units, or 51.0% for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. The decrease in net sales was driven by a decrease in units and increased dealer flooring program costs, partially offset by a favorable model mix and inflation-driven year-over-year price increases.

Net sales attributable to our Cobalt segment decreased $33.1 million, or 39.7%, to $50.2 million for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. Unit volumes attributable to Cobalt decreased 201 units, or 35.2% for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. The decrease in net sales was driven primarily by a decrease in units and increased dealer flooring program costs, partially offset by inflation-driven year-over-year price increases.

Overall consolidated net sales per unit increased 4.0% to $151,878 per unit for the three months ended June 30, 2024 compared to the three months ended June 30, 2023. Net sales per unit for our Malibu segment decreased 8.0% to $117,690 per unit for the three months ended June 30, 2024 compared to the three months ended June 30, 2023, driven by increased promotional costs and increased dealer flooring program costs, partially offset by inflation-driven year-over-year price increases. Net sales per unit for our Saltwater Fishing segment increased 12.5% to $199,331 for the three months ended June 30, 2024 compared to the three months ended June 30, 2023, driven by favorable model mix and inflation-driven year-over-year price increases, partially offset by increased promotional costs and dealer flooring program costs. Net sales per unit for our Cobalt segment decreased 7.0% to $135,695 per unit for the three months ended June 30, 2024 compared to the three months ended June 30, 2023, driven by an unfavorable model mix, partially offset by inflation-driven year-over-year price increases.

Cost of sales for the three months ended June 30, 2024 decreased $123.6 million, or 45.8%, to $146.2 million as compared to the three months ended June 30, 2023. The decrease in cost of sales was primarily driven by a 59.0% decrease in volumes and partially offset by increasingly normalized inflationary pressures. In the Malibu segment, per unit material and labor costs increased $8.4 million driven by increased prices due to inflationary pressures, offset by a decrease in volume. In the Saltwater Fishing segment, per unit material and labor costs increased $8.2 million driven by increased prices due to inflationary pressures and an increased mix of larger models that corresponded with higher net sales per unit, offset by a decrease in volume. In the Cobalt segment, per unit material and labor costs increased $1.8 million driven by increased prices due to inflationary pressures, partially offset by an increased mix of smaller models that correspond to a lower net sales per unit.

Gross profit for the three months ended June 30, 2024 decreased $90.0 million, or 87.8%, to $12.5 million compared to the three months ended June 30, 2023. The decrease in gross profit was driven primarily by lower sales revenue. Gross margin for the three months ended June 30, 2024 decreased 1,960 basis points from 27.5% to 7.9%, driven by increased promotional costs across all segments, decreased mix of Malibu and Axis models that carry a higher gross margin and fixed-cost deleveraging.

Selling and marketing expenses for the three months ended June 30, 2024 decreased $0.6 million, or 10.6%, to $4.9 million compared to the three months ended June 30, 2023. The decrease was driven primarily by a decrease in compensation and boat show and related events for the three months ended June 30, 2024 as compared to the three months ended June 30, 2023. As a percentage of sales, selling and marketing expenses increased 160 basis points to 3.1% for the three months ended June 30, 2024 as compared to the three months ended June 30, 2023. General and administrative expenses for the three months ended June 30, 2024 decreased $96.4 million, or 81.7%, to $21.6 million as compared to the three months ended June 30, 2023. The decrease in general and administrative expenses was driven primarily by the settlement of product liability cases for $100.0 million during the three months ended June 30, 2023, partially offset by an increase in compensation and personnel-related expense. As a percentage of sales, general and administrative expenses decreased 1,810 basis points to 13.6% for the three months ended June 30, 2024 compared to the three months ended June 30, 2023, almost entirely due to the settlement of product liability cases discussed above. Amortization expense remained flat at $1.7 million for the three months ended June 30, 2024 as compared to the three months ended June 30, 2023.

Operating loss for the three months ended June 30, 2024 increased to $24.4 million from an operating loss of $22.6 million for the three months ended June 30, 2023. Net loss for the three months ended June 30, 2024 increased 8.6% to a net loss of $19.6 million from a net loss of $18.0 million and net loss margin increased to (12.3)% from (4.9)% for the three months ended June 30, 2023. Adjusted EBITDA for the three months ended June 30, 2024 decreased 104.5% to $(4.1) million from $90.1 million, while Adjusted EBITDA margin decreased to (2.6)% from 24.2% for the three months ended June 30, 2023.

Comparison of the Fiscal Year Ended June 30, 2024 to the Fiscal Year Ended June 30, 2023

Net sales for fiscal year 2024 decreased $559.3 million, or 40.3%, to $829.0 million, compared to fiscal year 2023. The decrease in net sales was driven primarily by decreased unit volumes across all segments resulting primarily from decreased wholesale shipments and increased promotional costs across all segments resulting from elevated channel inventory levels and increased flooring costs for the Saltwater Fishing and Cobalt segments, partially offset by a favorable model mix in our Saltwater Fishing segment and inflation-driven year-over-year price increases. Unit volume for fiscal year 2024 decreased 4,478 units, or 45.4%, to 5,385 units compared to fiscal year 2023. Our unit volume decreased primarily due to lower wholesale shipments across all segments. The decrease in wholesale shipments were driven by our efforts to address elevated channel inventory resulting from weakening retail demand experienced throughout the fiscal year.

Net sales attributable to our Malibu segment decreased $357.1 million, or 56.1%, to $279.1 million for fiscal year 2024 compared to fiscal year 2023. Unit volumes attributable to our Malibu segment decreased 2,946 units for fiscal year 2024 compared to fiscal year 2023. The decrease in net sales was primarily due to lower wholesale shipments driven by lower retail activity during the period, increased promotional costs and elevated dealer channel inventory levels.

Net sales attributable to our Saltwater Fishing segment decreased $121.6 million, or 27.1%, to $327.5 million for fiscal year 2024 compared to fiscal year 2023. Unit volumes decreased 952 units for fiscal year 2024 compared to fiscal year 2023. The decrease in net sales was driven by a decrease in units and increased dealer flooring program costs, partially offset by a favorable model mix and inflation-driven year-over-year price increases.

Net sales attributable to our Cobalt segment decreased $80.6 million, or 26.6%, to $222.4 million for fiscal year 2024 compared to fiscal year 2023. Unit volumes attributable to Cobalt decreased 580 units for fiscal year 2024 compared to fiscal year 2023. The decrease in net sales was driven primarily by a decrease in units, increased dealer flooring program costs and unfavorable model mix, partially offset by inflation-driven year-over-year price increases.

Overall consolidated net sales per unit increased 9.4% to $153,953 per unit for fiscal year 2024 compared to fiscal year 2023. Net sales per unit for our Malibu segment increased 3.1% to $127,983 per unit for fiscal year 2024 compared to fiscal year 2023, driven by an increased mix of higher optioned boats and inflation-driven year-over-year price increases, partially offset by increased promotional costs and increased dealer flooring program costs. Net sales per unit for our Saltwater Fishing segment increased 15.4% to $200,577 per unit for fiscal year 2024 compared to fiscal year 2023, driven by a favorable model mix and inflation-driven year-over-year price increases, partially offset by increased promotional activities and increased dealer flooring program costs. Net sales per unit for our Cobalt segment increased 0.5% to $141,542 per unit for fiscal year 2024 compared to fiscal year 2023, driven by inflation-driven year-over-year price increases, partially offset by increased promotional activities, unfavorable model mix, and increased dealer flooring program costs.

Cost of sales for fiscal year 2024 decreased $355.1 million, or 34.2%, to $681.9 million compared to fiscal year 2023. The decrease in cost of sales was primarily driven by a 45.4% decrease in volumes and partially offset by increasingly normalized inflationary pressures. In the Malibu segment, per unit material and labor costs increased $24.3 million driven by an increased mix of larger models that corresponded with higher net sales per unit, fixed-cost deleveraging due to lower volumes and increased prices due to inflationary pressures. In the Saltwater Fishing segment, per unit material and labor costs increased $31.7 million driven by an increased mix of larger models that corresponded with higher net sales per unit, fixed-cost deleveraging due to lower volumes and increased prices due to inflationary pressures. In the Cobalt segment, per unit material and labor costs increased $5.8 million driven by fixed-cost deleveraging due to lower volumes and increased prices due to inflationary pressures.

Gross profit for fiscal year 2024 decreased $204.2 million, or 58.1%, compared to fiscal year 2023. The decrease in gross profit was driven primarily by lower sales revenue along with fixed-cost deleveraging. Gross margin for fiscal year 2024 decreased 760 basis points from 25.3% to 17.7% driven primarily by an increased mix of the Saltwater Fishing segment and increased dealer flooring program costs.

Selling and marketing expense for fiscal year 2024 decreased $1.2 million, or 5.1% to $22.8 million compared to fiscal year 2023. The decrease was driven primarily by a decrease related to boat show and related events. As a percentage of sales, selling and marketing expense increased 100 basis points to 2.7% for fiscal year 2024 compared to 1.7% for fiscal year 2023. General and administrative expense for fiscal year 2024 decreased $99.4 million, or 56.6%, to $76.3 million compared to fiscal year 2023. The decrease in general and administrative expenses was primarily driven by the $100.0 million settlement of product liability cases in June 2023. Additionally, there was a decrease in compensation and personnel-related expenses partially offset by increases in legal and professional fees, licenses and permits, and IT infrastructure expenses. As a percentage of sales, general and administrative expenses decreased 350 basis points to 9.2% for fiscal year 2024 compared to 12.7% for fiscal year 2023. Amortization expense for fiscal year 2024 remained flat at $6.8 million.

Operating (loss) income for fiscal year 2024 decreased to a loss of $55.9 million from $144.8 million for fiscal year 2023. Net (loss) income for fiscal year 2024 decreased 152.3% to a loss of $56.4 million from $107.9 million and net (loss) income margin decreased to (6.8)% for fiscal year 2024 from 7.8% for fiscal year 2023. Adjusted EBITDA for fiscal year 2024 decreased 71.0% to $82.2 million from $284.0 million, while Adjusted EBITDA margin decreased to 9.9% for fiscal year 2024 from 20.5% for fiscal year 2023.

Fiscal 2025 Guidance

For the full fiscal year 2025, Malibu anticipates net sales increase percentage in the low single digits year-over-year and Adjusted EBITDA margin ranging from 10%-12%.

The Company has not provided reconciliations of guidance for Adjusted EBITDA margin, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures. These items include acquisition and integration related expenses, costs related to the Company’s vertical integration initiatives and litigation expenses that are difficult to predict in advance in order to include in a GAAP estimate.

Webcast and Conference Call Information The Company will host a webcast and conference call to discuss fourth quarter and fiscal year 2024 results on Thursday, August 29, 2024, at 8:30 a.m. Eastern Time. Investors and analysts can participate on the conference call by dialing (833) 630-1956 or (412) 317-1837 and requesting Malibu Boats. Alternatively, interested parties can listen to a live webcast of the conference call by logging on to the Investor Relations section on the Company’s website at http://investors.malibuboats.com . A replay of the webcast will also be archived on the Company’s website for twelve months.

About Malibu Boats, Inc.

Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is the market leader in the performance sport boat category through its Malibu and Axis boat brands, the leader in the 20’ - 40’ segment of the sterndrive boat category through its Cobalt brand, and in a leading position in the saltwater fishing boat market with its Pursuit and Cobia offshore boats and Pathfinder, Maverick, and Hewes flats and bay boat brands. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit www.malibuboats.com , www.axiswake.com , www.cobaltboats.com , www.pursuitboats.com , or www.maverickboatgroup.com .

Non-GAAP Financial Measures

This release includes the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission: Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Fully Distributed Net (Loss) Income and Adjusted Fully Distributed Net (Loss) Income Per Share. These measures have limitations as analytical tools and should not be considered as an alternative to, or more meaningful than, net (loss) income as determined in accordance with U.S. generally accepted accounting principles (“GAAP”) or as an indicator of our liquidity. Our presentation of these non-GAAP financial measures should also not be construed as an inference that our results will be unaffected by unusual or non-recurring items. Our computations of these non-GAAP financial measures may not be comparable to other similarly titled measures of other companies.

We define Adjusted EBITDA as net (loss) income before interest expense, income taxes, depreciation, amortization, and non-cash, non-recurring or non-operating expenses, including goodwill and other intangible asset impairment expense, abandonment of construction in process, litigation settlements, certain professional fees, non-cash compensation expense and adjustments to our tax receivable agreement liability. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not measures of net income as determined by GAAP. Management believes Adjusted EBITDA and Adjusted EBITDA Margin allow investors to evaluate our operating performance and compare our results of operations from period to period on a consistent basis by excluding items that management does not believe are indicative of our core operating performance. Management uses Adjusted EBITDA to assist in highlighting trends in our operating results without regard to our financing methods, capital structure and non-recurring or non-operating expenses. We exclude the items listed above from net income in arriving at Adjusted EBITDA because these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures, the methods by which assets were acquired and other factors.

Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historical costs of depreciable assets.

We define Adjusted Fully Distributed Net (Loss) Income as net (loss) income attributable to Malibu Boats, Inc. (i) excluding income (benefit) tax expense, (ii) excluding the effect of non-recurring or non-cash items, (iii) assuming the exchange of all LLC units into shares of Class A Common Stock, which results in the elimination of non-controlling interest in Malibu Boats Holdings, LLC (the "LLC"), and (iv) reflecting an adjustment for income tax (benefit) expense on fully distributed net (loss) income before income taxes at our estimated effective income tax rate. Adjusted Fully Distributed Net (Loss) Income is a non-GAAP financial measure because it represents net (loss) income attributable to Malibu Boats, Inc., before non-recurring or non-cash items and the effects of non-controlling interests in the LLC. We use Adjusted Fully Distributed Net (Loss) Income to facilitate a comparison of our operating performance on a consistent basis from period to period that, when viewed in combination with our results prepared in accordance with GAAP, provides a more complete understanding of factors and trends affecting our business than GAAP measures alone. We believe Adjusted Fully Distributed Net (Loss) Income assists our board of directors, management and investors in comparing our net income on a consistent basis from period to period because it removes non-cash or non-recurring items, and eliminates the variability of non-controlling interest as a result of member owner exchanges of LLC units into shares of Class A Common Stock. In addition, because Adjusted Fully Distributed Net (Loss) Income is susceptible to varying calculations, the Adjusted Fully Distributed Net (Loss) Income measures, as presented in this release, may differ from and may, therefore, not be comparable to similarly titled measures used by other companies.

A reconciliation of our net income as determined in accordance with GAAP to Adjusted EBITDA and the numerator and denominator for our net income available to Class A Common Stock per share to Adjusted Fully Distributed Net (Loss) Income per share of Class A Common Stock is provided under "Reconciliation of Non-GAAP Financial Measures".

Cautionary Statement Concerning Forward Looking Statements

This press release includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements can be identified by such words and phrases as “believes,” “anticipates,” “expects,” “intends,” “estimates,” “may,” “will,” “should,” “continue” and similar expressions, comparable terminology or the negative thereof, and includes statements in this press release regarding our optimism for the Company's potential in a more normalized market; our goal of navigating the near-term headwinds while enhancing our roadmap for strategic growth; and our guidance for fiscal year 2025 net sales and Adjusted EBITDA margin.

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, our large fixed-cost base; our ability to execute our manufacturing strategy; our ability to accurately forecast demand for our products; increases in the cost of, or unavailability of, raw materials, component parts and transportation costs; disruptions in our suppliers’ operations; our reliance on third-party suppliers for raw materials and components; our reliance on certain suppliers for our engines and outboard motors; climate events in areas where we operate; our ability to meet our manufacturing workforce needs; our dependence on key management employees and our ability to transition to a new Chief Executive Officer; our ability to grow our business through acquisitions and integrate such acquisitions to fully realize their expected benefits; our growth strategy which may require us to secure significant additional capital; our ability to enhance existing products and develop and market new or enhanced products; our ability to protect our intellectual property; compromises or disruptions to our network and information systems; risks inherent in operating in foreign jurisdictions; general economic conditions; the continued strength and positive perception of our brands; the sale of boats previously held in inventory by our former dealer, Tommy's Boats; increased consumer preference for used boats, alternative fuel-powered boats or the supply of new boats by competitors in excess of demand; the seasonality of our business; competition within our industry and with other activities for consumers’ scarce leisure time; changes in currency exchange rates; inflation and rising interest rates; our reliance on our network of independent dealers and increasing competition for dealers; the financial health of our dealers and their continued access to financing; our obligation to repurchase inventory of certain dealers; our exposure to risks associated with litigation, investigation and regulatory proceedings; an impairment in the carrying value of goodwill, trade names and other long-lived assets; any failure to comply with laws and regulations including environmental, workplace safety and other regulatory requirements; covenants in our credit agreement governing our revolving credit facility which may limit our operating flexibility; our obligation to make certain payments under a tax receivable agreement; and any failure to maintain effective internal control over financial reporting or disclosure controls or procedures; and other factors affecting us detailed from time to time in our filings with the Securities and Exchange Commission. Many of these risks and uncertainties are outside our control, and there may be other risks and uncertainties which we do not currently anticipate because they relate to events and depend on circumstances that may or may not occur in the future.

Although we believe that the expectations reflected in any forward-looking statements are based on reasonable assumptions at the time made, we can give no assurance that our expectations will be achieved. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation (and we expressly disclaim any obligation) to update or supplement any forward-looking statements that may become untrue because of subsequent events, whether because of new information, future events, changes in assumptions or otherwise. Comparison of results for current and prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

Investor Contacts

Malibu Boats, Inc. Bruce Beckman Chief Financial Officer (865) 458-5478 [email protected]

MALIBU BOATS, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Financial Measures

Reconciliation of Net (Loss) Income to Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin (Unaudited):

The following table sets forth a reconciliation of net (loss) income as determined in accordance with GAAP to Adjusted EBITDA and Adjusted EBITDA Margin for the periods indicated (dollars in thousands):

Reconciliation of Non-GAAP Adjusted Fully Distributed Net (Loss) Income (Unaudited):

The following table shows the reconciliation of the numerator and denominator for net (loss) income available to Class A Common Stock per share to Adjusted Fully Distributed Net (Loss) Income per Share of Class A Common Stock for the periods presented (in thousands except share and per share data):

The following table shows the reconciliation of net (loss) income available to Class A Common Stock per share to Adjusted Fully Distributed Net (Loss) Income per Share of Class A Common Stock for the periods presented:

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In 1972, with only $2,000 in his personal savings, Bill Parks started Northwest River Supplies with one mission: to help others raft. 42 years later, Bill sold NRS to its employees. Today, the 100% employee-owned business strives to continue Bill’s legacy helping people pursue passions on the water.

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