Malibu Boats, Inc. Announces Third Quarter Fiscal 2020 Results
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Malibu Boats (MBUU) Tops Q3 EPS by 15c, Revenues Miss
May 7, 2020 7:37 AM EDTMalibu Boats (NASDAQ: MBUU) reported Q3 EPS of $1.13, $0.15 better than the analyst estimate of $0.98. Revenue for the quarter came in at $182.3 million versus the consensus estimate of $185.03 million.
Highlights for the Third Quarter of Fiscal Year 2020
Net sales decreased 8.8% to $182.3 million compared to the third quarter of fiscal year 2019.Unit volume decreased 14.2% to 1,796 boats compared to the third quarter of fiscal year 2019.Net sales per unit increased 6.3% to $101,509 per unit compared to the third quarter of fiscal year 2019.Gross profit decreased 7.8% to $45.8 million compared to the third quarter of... More