Malibu Boats, Inc. provided earnings guidance for the second quarter and reaffirmed earnings guidance for the fiscal year 2020. The company's consolidated outlook for fiscal 2020 remains unchanged. As expected, net sales growth in the first quarter was strong. Consolidated net sales is still expected to grow at a mid- to high single-digit percentage for the full fiscal year 2020. However, second quarter of fiscal year 2020 will likely be down a low single-digit percentage year-over-year driven by the decreased volume to the UAW strike.