Malibu Boats (MBUU) Tops Q4 EPS by 28c, Revenues Beat

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Malibu Boats, Inc. Announces Fourth Quarter and Fiscal 2020 Results

August 27, 2020 4:05 PM EDT

LOUDON, Tenn., Aug. 27, 2020 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2020.

Highlights for the Fourth Quarter of Fiscal Year 2020

Net sales decreased 39.1% to $118.7 million compared to the fourth quarter of fiscal year 2019.Unit volume decreased 43.9% to 1,117 boats compared to the fourth quarter of fiscal year 2019.Net sales per unit increased 8.6% to $106,232 per unit compared to the fourth quarter of fiscal year 2019.Gross profit decreased 50.7% to $23.6 million compared... More