Benzinga | Aug 27, 2020 04:51PM EDT

Recap: Malibu Boats Q4 Earnings

Shares of Malibu Boats (NASDAQ:MBUU) fell 0.99% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 62.96% year over year to $0.40, which beat the estimate of $0.12.

Revenue of $118,661,000 declined by 39.09% from the same period last year, which beat the estimate of $101,320,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Malibu Boats hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Aug 27, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/por8hxtq

Technicals

52-week high: $63.88

52-week low: $18.02

Price action over last quarter: Up 44.67%

Company Profile

Malibu Boats Inc designs, manufacture and sells performance sports boats. The boats are used for water sports, such as water-skiing, wakeboarding, and wake surfing. The performance boats are sold under the Malibu and Axis Wake Research brands. The company uses an independent dealer network to sell its products, primarily in the United States and other countries. It operates under the segments of US, Australia, and Cobalt. The U.S. operating segment primarily serves markets in North America, South America, Europe, and Asia while the Australia operating segment principally serves the Australian and New Zealand markets.