Malibu Boats named David S. Black as chief financial officer effective immediately after the resignation of Bruce W. Beckman, which became effective on November 12, 2025. Black will take over the role of overseeing the company’s financial planning, risk management, and investor communications at a time when the company is refining its fiscal‑year 2026 outlook.
Black has been with Malibu Boats since November 2023, when he was promoted to vice president of finance. Prior to that, he served as corporate controller from November 2020 to April 2023 and as interim CFO from April to November 2023, giving him deep familiarity with the company’s financial operations and strategic priorities. His internal experience positions him to maintain continuity while steering the firm through its next growth phase.
The CFO appointment follows a mixed earnings cycle. In the third quarter of fiscal 2025, Malibu Boats reported revenue of $228.7 million, up 12.4% from the prior year, and GAAP net income of $13.2 million, a 119.4% increase, although earnings per share fell short of consensus. In the fourth quarter, revenue rose 30.4% to $207.0 million and adjusted EBITDA increased sharply, but net income of $4.8 million reflected a transition from a prior‑year loss. These results underscore the importance of disciplined financial stewardship as the company balances margin expansion with investment in growth.
Management reaffirmed its fiscal‑year 2026 guidance, projecting net sales that are flat to down mid‑single‑digit percentage points year‑over‑year and an adjusted EBITDA margin of 8% to 9%. The guidance reflects confidence in the company’s pricing power and operational leverage, while acknowledging the need for continued cost discipline amid a competitive market. Black’s appointment signals a commitment to sustaining that guidance through disciplined capital allocation and strategic M&A activity.
CEO Steve Menneto said the company is confident in Black’s ability to drive growth and strengthen financial strategy. Black echoed that sentiment, stating he is excited to lead the finance team and build on the company’s strategy, focusing on long‑term shareholder value through disciplined M&A and capital allocation. Together, the leadership team aims to reinforce financial stability, manage risk, and maintain transparent communication with investors as Malibu Boats pursues its growth objectives.
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