The stock rallied 18.5% post-earnings, reflecting investor enthusiasm about revenue and adjusted EBITDA beating guidance on the legacy business and positive early traction from the recently closed Saxdor Yachts acquisition.

• Revenue and adjusted EBITDA on the legacy business exceeded guidance despite ongoing macroeconomic uncertainty.
• Dealer inventories remain balanced and in line with historical norms, supporting stable retail demand without channel-stocking risk.
• New model launches, including the Pursuit DC 286 and Pathfinder 2800 Hybrid, have driven strong dealer order momentum beyond forecast.
• Strategic initiatives—MBI financing program and marine components business—show early encouraging engagement, with financing applications up over 200% from January to February.
• Centralized sourcing efforts are starting to meaningfully contribute to margin expansion, offsetting previous cost pressures.