Malibu Boats Inc. has appointed David S. Black as chief financial officer, effective immediately. Black will succeed Bruce Beckman, whose resignation took effect on November 12.
Black has served as the company’s vice president of Finance since November 2023, having previously served as the company’s interim chief financial officer from April 2023 to November 2023. Black also served as the company’s corporate controller from November 2020 to April 2023 after joining the company as director of Internal Audit in 2017. Black has over 19 years of experience in accounting and finance, working for both public and private companies.
“We are grateful to Bruce for his leadership and dedication over the past few years,” said Steve Menneto, CEO of Malibu Boats, Inc. “We are thrilled to welcome David into his new role as chief financial officer. Having been an integral part of our team, David brings a deep understanding of our business and a clear strategic vision for the future. His proven track record of building financial and operational excellence makes him the ideal leader to guide MBI through our next phase of growth. We are confident that his leadership will be instrumental in driving our continued success and advancing our strategic growth initiatives.”
“I am excited to become CFO and continue building on the strategy Steve presented during our investor day,” said David Black. “I look forward to continuing working closely with our talented team to drive growth, strengthen our financial strategy, and create long-term value for our shareholders by scaling strategically through disciplined M&A and prudent capital allocation.”
Fiscal 2026 Guidance
The company reaffirmed its fiscal year 2026 guidance that it provided on October 30, 2025, as part of its first fiscal quarter earnings release.
For the full fiscal year 2026, Malibu anticipates net sales to be flat to down mid-single-digit percentage points year-over-year, and an adjusted EBITDA margin of 8 percent to 9 percent.
Image courtesy Malibu Boats
