Malibu Boats, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 04, 2021 at 05:35 am EDT
Share
Malibu Boats, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was USD 273.162 million compared to USD 182.310 million a year ago. Operating income was USD 46.865 million compared to USD 30.133 million a year ago. Net income was USD 33.796 million compared to USD 22.778 million a year ago. Basic earnings per share from continuing operations was USD 1.62 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 1.61 compared to USD 1.09 a year ago. For the nine months, sales was USD 649.793 million compared to USD 534.502 million a year ago. Operating income was USD 104.744 million compared to USD 76.403 million a year ago. Net income was USD 76.114 million compared to USD 55.359 million a year ago. Basic earnings per share from continuing operations was USD 3.67 compared to USD 2.68 a year ago. Diluted earnings per share from continuing operations was USD 3.63 compared to USD 2.66 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.