Malibu Boats Exceeds Q2 Expectations with $2.4M Earnings
LOUDON, Tenn. - Malibu Boats Inc. (MBUU) reported second-quarter fiscal earnings of $2.4 million, surpassing analysts' estimates.
The Loudon, Tennessee-based company recorded earnings per share (EPS) of 12 cents. Adjusted for one-time factors, EPS stood at 31 cents, exceeding the consensus forecast of 21 cents from four analysts polled by Zacks Investment Research.
Malibu Boats' revenue for the quarter reached $200.3 million, also outperforming Wall Street expectations. Four analysts surveyed by Zacks had estimated revenue at $190.6 million.