Malibu Boats Inc reported fourth-quarter adjusted earnings per share of $0.92, exceeding analyst expectations by $0.16, according to data compiled by Investing.com.
Revenue for the quarter totaled $295.54 million, surpassing the consensus estimate of $263.86 million. The outdoor marine equipment manufacturer attributed the outperformance to sustained demand for its powerboats and accessories.
Over the past 90 days, consensus earnings estimates for Malibu Boats received six upward revisions and five downward adjustments, reflecting shifting market expectations. The company’s financial health rating, as tracked by InvestingPro, was classified as "fair performance."
Malibu Boats’ shares closed at $26.64 on Thursday, down 2.99% over the prior three months and 11.55% year-over-year. The stock’s recent decline contrasts with its quarterly earnings beat, underscoring broader sector headwinds in recreational marine markets.
