LOUDON, Tenn. (AP) _ Malibu Boats Inc. (MBUU) on Thursday reported fiscal fourth-quarter earnings of $33.7 million.

The Loudon, Tennessee-based company said it had net income of $1.60 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to $1.84 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The maker of performance sports boats posted revenue of $276.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $255.3 million.

For the year, the company reported profit of $109.8 million, or $5.23 per share. Revenue was reported as $926.5 million.

Malibu Boats shares have climbed 29% since the beginning of the year. The stock has risen 50% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBUU at https://www.zacks.com/ap/MBUU

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