Malibu Boats (NASDAQ: MBUU) reported Q3 EPS of $1.15, $0.11 better than the analyst estimate of $1.04. Revenue for the quarter came in at $199.9 million versus the consensus estimate of $188.26 million.

• Net sales increased 42.4% to $199.9 million compared to the third quarter of fiscal year 2018.
• Unit volume increased 17.2% to 2,094 boats compared to the third quarter of fiscal year 2018.
• Net sales per unit increased 21.4% to $95,472 per unit compared to the third quarter of fiscal year 2018.
• Gross profit increased 36.7% to $49.7 million compared to the third quarter of fiscal year 2018.
• Net income increased 32.2% to $22.2 million, or $1.01 per share compared to the third quarter of fiscal year 2018.
• Adjusted EBITDA increased 32.4% to $37.8 million compared to the third quarter of fiscal year 2018.
• Adjusted fully distributed net income increased 29.2% to $25.0 million compared to the third quarter of fiscal year 2018.
• Adjusted fully distributed net income per share increased 29.2% to $1.15 on a fully distributed weighted average share count of 21.9 million shares of Class A Common Stock as compared to the third quarter of fiscal year 2018.

“We reported another quarter of superior results driven by strength across all four of our brands, as well as our ongoing commitment to delivering exceptional operational execution. Our ability to acquire great brands, integrate them, and drive increased value continues to be a substantial contributor in driving our results. The boat show activity earlier this year was strong, producing great year-over-year growth in orders. In particular, our Model Year 2019 products and innovations continue to be very well received by both customers and dealers. In addition, our dealer inventories remain at appropriate levels as we enter the prime retail selling season which reinforces our confidence in the current and summer seasons,” commented Jack Springer, Chief Executive Officer of Malibu Boats, Inc. “From an operational standpoint, the Pursuit integration is progressing smoothly and we are working diligently to expand our production capacity. We also remain on track with our vertical integration initiatives to bring our Malibu Monsoon engines to 100% of our Malibu and Axis boats by fiscal year 2020.”

“As we look ahead to the end of our fiscal year, we remain incredibly optimistic about the U.S. marine market. I could not be prouder of our team, which continues to plan and execute flawlessly. We remain well-positioned to drive strong sales growth, expand profitability, and deliver increased value to our shareholders,” concluded Mr. Springer.

For earnings history and earnings-related data on Malibu Boats (MBUU) click here.