Malibu Boats, Inc. Announces Fourth Quarter and Fiscal 2018 Results
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Malibu Boats (MBUU) PT Raised to $46.50 at B.Riley/FBR Folllowing 4Q
September 7, 2018 7:11 AM EDTB.Riley/FBR analyst Eric Wold raised the price target on Malibu Boats (NASDAQ: MBUU) to $46.50 (from $41.00) while maintaining a Neutral rating following 4Q earnings report. Results came in well ahead consensus estimates as Cobalt Boats provided a meaningful boost to underlying core... More
Malibu Boats (MBUU) Tops Q4 EPS by 2c, Revenues Beat
September 6, 2018 7:06 AM EDTMalibu 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%... More
