Jack Springer

“By now, you know that I'm stepping down as Chief Executive Officer of Malibu Boats in the coming weeks. This was not a step I took lightly because my connection with and passion for Malibu Boats, our customers, and our teams run very deep.”

“MBI navigated a challenging quarter, driven by continued economic uncertainty as retail remained suppressed and channel inventories were reverting to historical norms.”

“Malibu Boats delivered solid first quarter fiscal results that surpassed our expectations despite a rapidly evolving operating environment. For the first fiscal quarter, net sales decreased 15% to $255.8 million compared to the prior year.”

“Fiscal year 2023 was another impressive year for Malibu, which included fourth quarter and full year results that exceeded expectations despite an increasingly challenging environment.”

“Before we begin, I wanted to acknowledge that this will be Wayne's final earnings call for MBI. For nearly 14 years, Wayne has played an integral role in executing our strategic vision, while at the same time, supporting our tremendous growth.”