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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.
Malibu Boats
Malibu Boats
Malibu Boats Revenue by Segment
Revenue by Segment
Malibu Revenue
CapyFin.comCobalt Revenue
CapyFin.com 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