Malibu Boats, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 02, 2024 at 09:15 am EDT
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Malibu Boats, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 203.42 million compared to USD 375.12 million a year ago. Net loss was USD 66.83 million compared to net income of USD 51.89 million a year ago. Basic loss per share from continuing operations was USD 3.28 compared to basic earnings per share from continuing operations of USD 2.53 a year ago. Diluted loss per share from continuing operations was USD 3.28 compared to diluted earnings per share from continuing operations of USD 2.51 a year ago.
For the nine months, sales was USD 670.32 million compared to USD 1,016.06 million a year ago. Net loss was USD 36.69 million compared to net income of USD 121.93 million a year ago. Basic loss per share from continuing operations was USD 1.79 compared to basic earnings per share from continuing operations of USD 5.96 a year ago. Diluted loss per share from continuing operations was USD 1.79 compared to diluted earnings per share from continuing operations of USD 5.92 a year ago.
Malibu Boats, Inc. is a designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport boats, sterndrive and outboard boats. The Company's brands include Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes and Cobalt. The Companyâs Malibu segment includes manufacturing, distribution, marketing and sale of Malibu and Axis performance sports boats throughout the world. The Company's product portfolio of premium brands is used for a broad range of recreational boating activities including, among others, water sports, general recreational boating and fishing. The Companyâs Saltwater Fishing segment is engaged in manufacturing, distribution, marketing and sale throughout the world of Pursuit boats and the Maverick Boat Group boats (Maverick, Cobia, Pathfinder and Hewes). The Companyâs Cobalt segment is engaged in manufacturing, distribution, marketing and sale of Cobalt boats throughout the world.
MALIBU BOATS, INC. 
