Malibu Boats Inc reported fourth-quarter adjusted earnings per share of $0.92, exceeding analyst expectations by $0.16 and marking a 21% increase from the same period last year.
Revenue for the quarter totaled $295.54 million, surpassing the $263.86 million consensus estimate by 12%. The boat manufacturer attributed the revenue growth to strong demand for its luxury outboard motorboats, particularly in domestic markets.
Shares of Malibu Boats closed at $26.64 on the NASDAQ, reflecting a 3% decline over the past three months and an 11.6% drop year-over-year. The company’s stock performance has trailed broader market benchmarks amid mixed investor sentiment toward marine sector equities.
Over the last 90 days, earnings per share estimates have seen six upward revisions and five downward adjustments, according to InvestingPro data. The company’s financial health rating was listed as "fair performance" by the analytics platform.
Malibu Boats designs and manufactures inboard and outboard performance boats, primarily serving recreational and watersports markets in North America and internationally.
