Malibu Boats, Inc. Announces First Quarter Fiscal 2021 Results
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Malibu Boats (MBUU) Tops Q1 EPS by 26c, Revenues Beat
November 6, 2020 7:08 AM ESTMalibu Boats (NASDAQ: MBUU) reported Q1 EPS of $1.13, $0.26 better than the analyst estimate of $0.87. Revenue for the quarter came in at $181 million versus the consensus estimate of $177.48 million.
Fiscal First Quarter 2021 Highlights Compared to Fiscal First Quarter 2020:
Net sales increased 5.2% to $181.0 millionUnit volume declined 5.3%Gross profit increased 14.3% to $45.7 millionNet income increased 32.1% to $22.0 millionAdjusted EBITDA increased 28.0% to $36.3 millionAdjusted fully distributed net income per share increased 36.1% to $1.13 on a fully distributed weighted average share count of 21.5 million shares of Class A Common StockOur team... More
