Loading...
•
Mar 31, 2020
Malibu Boats Q3 2020 Earnings Report
Announced third quarter fiscal 2020 results, impacted by COVID-19 pandemic
Key Takeaways
Malibu Boats, Inc. reported a decrease in net sales by 8.8% to $182.3 million and a decrease in unit volume by 14.2% to 1,796 boats, both primarily due to the suspension of operations at manufacturing facilities in the last week of the quarter as a result of the COVID-19 pandemic. Net income increased 7.5% to $23.9 million, or $1.11 per share.
Net sales decreased 8.8% to $182.3 million compared to the third quarter of fiscal year 2019.
Unit volume decreased 14.2% to 1,796 boats compared to the third quarter of fiscal year 2019.
Net income increased 7.5% to $23.9 million, or $1.11 per share compared to the third quarter of fiscal year 2019.
Adjusted EBITDA decreased 3.7% to $36.4 million compared to the third quarter of fiscal year 2019.
Revenue by Segment
Forward Guidance
Due to the heightened degree of uncertainty resulting from COVID-19, we cannot estimate the long-term impact of COVID-19 on our liquidity, results of operations, and financial condition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...