Page 1

Exhibit 99.1 MALIBU BOATS , INC . ANNOUNCES FIRST QUARTER FISCAL 2022 RESULTS Loudon , TN , November 4 , 2021 - Malibu Boats , Inc. ( Nasdaq : MBUU ) today announced its financial results for the first quarter ended September 30 , 2021 . Fiscal First Quarter 2022 Highlights Compared to Fiscal First Quarter 2021 : • Net sales increased 40.1 % to a record $ 253.5 million • Unit volume increased 23.8 % to a record 2,024 units • Gross profit increased 30.6 % to a record $ 59.8 million • Net income increased 26.7 % to a record $ 27.9 million • Adjusted EBITDA increased 23.1 % to a record $ 44.7 million • Net income available to Class A Common Stock per share ( diluted ) increased 26.7 % to a record $ 1.28 per share • Adjusted fully distributed net income per share increased 21.2 % to a record $ 1.37 per share on a fully distributed weighted average share count of 21.7 million shares of Class A Common Stock " We continued momentum into fiscal year 2022 with net sales increasing 40.1 % , net income rising 26.7 % , and Adjusted EBITDA growing 23.1 % compared to the prior year period , " commented Jack Springer , Chief Executive Officer of Malibu Boats , Inc. " While inflationary concerns and ongoing supply chain constraints are putting significant pressure on the broader powersports industry and global economy , our first quarter results yet again demonstrate the inherent strength and capabilities of Malibu's brands , bolstered by our team's unparalleled commitment , execution and industry - leading vertical integration . " " We continue to capitalize on the movement towards larger , more feature - rich boats , even as we enter the offseason , and as a result , our backlog remains unprecedented , ” continued Mr. Springer . “ Malibu's lineup of innovative , best - in - class products is feeding our customers ' tremendous appetite . Our larger 25 LSV and T250 models , coupled with the booming sales of our premium M - Series is also driving enhanced margins for the business , while our new Cobalt R - Series remains highly sought after by customers . As Maverick advances its plant expansion and integration efforts , we see an opportunity to drive increased productivity as well . As we move through fiscal year 2022 , we remain optimistic thanks to record low inventories and sustained record - breaking retail demand , and we believe we are well - positioned to further deliver value for our shareholders . " Fiscal First Quarter 2022 Results ( Unaudited ) Net Sales Gross Profit Gross Profit Margin Net Income Net Income Margin Adjusted EBITDA Adjusted EBITDA Margin Three Months Ended September 30 , 2021 2020 ( Dollars In Thousands ) $ $ 253,497 $ 59,752 $ 180,984 45,741 23.6 % 25.3 % 27,933 $ 22,038 11.0 % 12.2 % $ 44,733 $ 36,347 17.6 % 20.1 % Net sales for the three months ended September 30 , 2021 increased $ 72.5 million , or 40.1 % , to $ 253.5 million as compared to the three months ended September 30 , 2020. The increase in net sales was driven primarily by a favorable model mix in our Malibu and Cobalt segments , year over year price increases and increased unit volumes primarily due to the acquisition of Maverick Boat Group on December 31 , 2020. We recognized an increase in net 1