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Malibu Boats fiscal Q2 profit climbs 88.9% YOY

Malibu Boats Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 27 cents per share, compared with the S&P Capital IQ consensus estimate of 30 cents per share.

EPS climbed 63.8% year over year from 16 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.8 million, a gain of 88.9% from $2.5 million in the year-earlier period.

The normalized profit margin rose to 7.9% from 4.6% in the year-earlier period.

Total revenue climbed 9.1% on an annual basis to $60.5 million from $55.5 million, and total operating expenses increased 8.2% on an annual basis to $51.5 million from $47.6 million.

Reported net income increased 53.8% on an annual basis to $5.0 million, or 28 cents per share, from $3.3 million, or 21 cents per share.