Malibu Boats Inc

Malibu Boats has completed the refinancing of its credit facility, extending the maturity date from July 2027 to July 2031. The new agreement, entered into by subsidiary Malibu Boats, LLC with Truist Bank as administrative agent, adds a $100 million term loan facility alongside a $250 million revolving credit facility, together replacing the previous $350 million revolving facility. The company retains the ability to request incremental term or revolving commitments for future growth. Chief Financial Officer David Black stated that the size, terms, and pricing reflect the financial position built through the cycle, providing flexibility to invest in the business, pursue disciplined growth, and return capital to shareholders.

Zacks Equity Research has identified YETI Holdings, Malibu Boats, MasterCraft Boat Holdings and Escalade as attractive stocks within the Leisure and Recreation Products industry, which is benefiting from strong fitness product sales and growing consumer interest in active lifestyles. The industry currently holds a Zacks Industry Rank of 93, placing it in the top 38% of more than 247 Zacks industries, and trades at a forward 12-month price-to-earnings ratio of 17.69X compared with the S&P 500's 21.76X. Malibu Boats and MasterCraft Boat both carry a Zacks Rank of 1, or Strong Buy, while YETI Holdings and Escalade hold a Zacks Rank of 2, or Buy. Over the past year, YETI stock has soared 68.7%, Escalade has surged 32.3%, MasterCraft Boat has gained 27.9%, and Malibu Boats has declined 11.3%.