Malibu Boats, Inc. (NasdaqGM:MBUU) is looking for acquisitions. During the company?s conference call to discuss third quarter fiscal year 2024 results, Mr. Michael Hooks, Chief Chair -- Executive Chair said that ? ?our capital allocation priorities remain unchanged as we have consistently communicated, one, invest in high ROI internal investments; two, pursue accretive acquisitions, three, pay down debt and deleverage and four, return capital to shareholders.

So, at this time and in keeping with these priorities, we anticipate returning substantially more cash to our shareholders on a regular basis. Our $100 million share repurchase authorization remains in place. While we have opportunistically repurchased shares in the past, we intend to return capital more predictably going forward.

Commencing with this quarter and running through at least the end of fiscal '25, we plan to return at least $10 million per quarter or a minimum of $40 million annually in the form of share buybacks and/or dividends and we are implementing a trading plan to effectuate. Additionally, we remain focused on building our M&A pipeline and given our cash flow profile and unlevered balance sheet, we remain primed and ready to pursue accretive acquisitions as they become available?.