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Malibu Boats: Q3 Earnings Insights

Shares of Malibu Boats (NASDAQ:MBUU) remained unaffected at $34.12 after the company reported Q3 results. Quarterly Results Earnings per share decreased 1.74% over the past year to $1.13, which beat the estimate of $0.98.

Benzinga · 05/07/2020 12:35

Shares of Malibu Boats (NASDAQ:MBUU) remained unaffected at $34.12 after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 1.74% over the past year to $1.13, which beat the estimate of $0.98.

Revenue of $182,310,000 less by 8.81% from the same period last year, which missed the estimate of $185,030,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Malibu Boats hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 07, 2020

Webcast URL: https://edge.media-server.com/mmc/p/cf6pu265

Technicals

52-week high: $52.13

52-week low: $18.02

Price action over last quarter: down 28.26%

Company Overview

Malibu Boats Inc designs, manufacture and sells performance sports boats. The boats are used for water sports, such as water-skiing, wakeboarding, and wake surfing. The performance boats are sold under the Malibu and Axis Wake Research brands. The company uses an independent dealer network to sell its products, primarily in the United States and other countries. It operates under the segments of US, Australia, and Cobalt. The U.S. operating segment primarily serves markets in North America, South America, Europe, and Asia while the Australia operating segment principally serves the Australian and New Zealand markets.