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Malibu Boats fiscal Q3 profit climbs 82.3% YOY


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Malibu Boats fiscal Q3 profit climbs 82.3% YOY

Malibu Boats Inc. said its normalized net income for the fiscal third quarter ended March 31 came to 34 cents per share, compared with the S&P Capital IQ consensus estimate of 40 cents per share.

EPS increased 58.7% year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.2 million, an increase of 82.3% from $3.4 million in the year-earlier period.

The normalized profit margin rose to 9.0% from 5.2% in the year-earlier period.

Total revenue increased 5.8% year over year to $68.5 million from $64.8 million, and total operating expenses grew 5.5% year over year to $56.3 million from $53.4 million.

Reported net income rose 31.2% on an annual basis to $5.8 million, or 32 cents per share, from $4.4 million, or 28 cents per share.