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Malibu Boats profit misses consensus by 20.3% in fiscal Q2

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.