Malibu Boats Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 20 cents per share, compared with the S&P Capital IQ consensus estimate of 25 cents per share.
The per-share result swung to a profit from the prior-year loss of 15 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.1 million, compared with a loss of $1.6 million in the year-earlier period.
The normalized profit margin rose to 4.6% from negative 3.6% in the year-earlier period.
Total revenue climbed 26.3% on an annual basis to $55.5 million from $43.9 million, and total operating expenses climbed 24.3% on an annual basis to $46.7 million from $37.5 million.
Reported net income totaled $3.3 million, or 21 cents per share.
