Benzinga | Aug 26, 2021 07:37AM EDT

Recap: Malibu Boats Q4 Earnings



Shares of Malibu Boats (NASDAQ:MBUU) rose 2.2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 360.00% over the past year to $1.84, which beat the estimate of $1.62.

Revenue of $276,722,000 rose by 133.20% from the same period last year, which beat the estimate of $255,880,000.

Guidance

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

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

How To Listen To The Conference Call

Date: Aug 26, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ubt2f6pv

Recent Stock Performance

52-week high: $93.00

52-week low: $46.37

Price action over last quarter: Up 0.39%

Company Profile

Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats, in 2017, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines for its performance sport boats. Malibu's target market includes a wide range of water enthusiasts who embrace active lifestyles.