Malibu Boats (MBUU) Tops Q3 EPS by 3c

Malibu Boats (NASDAQ: MBUU) reported Q3 EPS of $0.49, $0.03 better than the analyst estimate of $0.46. Revenue for the quarter came in at $77.1 million versus the consensus estimate of $75.45 million.

• Net sales increased 12.6% to $77.1 million compared to the third quarter of fiscal 2016.
• Unit volume increased 10.4% to 1,054 boats compared to the third quarter of fiscal 2016.
• Net sales per unit increased 2.0% to $73,196 and net sales per unit in the U.S. increased 1.2% to $72,749 compared to the third quarter of fiscal 2016.
• Gross profit increased 16.1% to $21.4 million compared to the third quarter of fiscal 2016.
• Net income increased 35.9% to $8.8 million, or $0.45 per share compared to the third quarter of fiscal 2016.
• Adjusted EBITDA increased 19.0% to $16.8 million compared to the third quarter of fiscal 2016.
• Adjusted fully distributed net income increased 22.2% to $9.4 million compared to the third quarter of fiscal 2016.
• Adjusted fully distributed net income per share increased 22.5% to $0.49 on a fully distributed weighted average share count of 19.3 million shares of Class A Common Stock as compared to the third quarter of fiscal 2016.

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

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