Malibu Boats (NASDAQ: MBUU) reported Q4 EPS of $0.61, $0.02 better than the analyst estimate of $0.59. Revenue for the quarter came in at $138.7 million versus the consensus estimate of $122.66 million.

• Net sales increased 84.6% to $138.7 million compared to the fourth quarter of fiscal year 2017.
• Unit volume increased 70.1% to 1,708 boats compared to the fourth quarter of fiscal year 2017.
• Net sales per unit increased 8.5% to $81,182 per unit compared to the fourth quarter of fiscal year 2017.
• Gross profit increased 67.4% to $33.5 million compared to the fourth quarter of fiscal year 2017.
• Net income increased 30.0% to $13.3 million, or $0.61 per share compared to the fourth quarter of fiscal year 2017.
• Adjusted EBITDA increased 67.5% to $25.9 million compared to the fourth quarter of fiscal year 2017.
• Adjusted fully distributed net income increased 100.9% to $16.5 million compared to the fourth quarter of fiscal year 2017.
• Adjusted fully distributed net income per share increased 76.7% to $0.76 on a fully distributed weighted average share count of 21.8 million shares of Class A Common Stock as compared to the fourth quarter of fiscal year 2017.

"Our momentum during fiscal year 2018 extended into the fourth quarter, exceeding our expectations, driven by a robust retail demand environment, Cobalt's increasing contributions, and strong operational execution. All of our brands performed well, and our model year 2018 products have continued to be met with exceptional reception by our customers. While the global trade environment presents a number of uncertainties, our international business is a relatively small portion of our overall performance and we are confident that we have the strategies in place to mitigate its impact,” commented Jack Springer, Chief Executive Officer of Malibu Boats.

“In August, we announced that we entered into an agreement to purchase Pursuit Boats from S2 Yachts, subject to certain closing conditions. We expect to close the acquisition in the fourth calendar quarter of 2018. Pursuit will be an incredible addition to the Malibu family, as it maintains a strong reputation for luxurious appointments, innovation, and premium quality, and will be highly complementary to our business. After closing the transaction, our strategy will be to increase throughput to meet growing demand, apply our operational excellence expertise to enhance margin and continue our track record of innovation and product development.”

Mr. Springer concluded, "Our fiscal year 2018 delivered strong growth and a clear, strategic path to continued growth and financial performance. Looking forward, we are optimistic about the strength of the economy and believe we are well-positioned to continue to perform well."

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