Malibu Boats, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
January 30, 2024 at 07:25 am EST
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Malibu Boats, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 211.07 million compared to USD 338.73 million a year ago. Net income was USD 9.88 million compared to USD 35.16 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 1.73 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 1.72 a year ago.
For the six months, sales was USD 466.9 million compared to USD 640.94 million a year ago. Net income was USD 30.14 million compared to USD 70.05 million a year ago. Basic earnings per share from continuing operations was USD 1.47 compared to USD 3.43 a year ago. Diluted earnings per share from continuing operations was USD 1.47 compared to USD 3.41 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. 
