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Malibu Boats Shares Rise After Fiscal Q4 Beat
Malibu Boats (MBUU) shares were up 8.8% in afternoon trading on Thursday after fiscal Q4 results topped analysts' expectations.The company reported fiscal Q4 adjusted net income of $0.92 per share, up from $0.42 a year earlier.Analysts polled by FactSet expected $0.78.Net sales for the quarter ended June 30 were $295.5 million, up from $207 million a year earlier.Analysts expected revenue of $263.9 million.For fiscal 2027, Malibu said it expects net sales in the range of $1.08 billion to $1.12 billion. Three analysts expect revenue of $1.1 billion.The company also said its board authorized a $70 million share repurchase program for fiscal 2027.Price: $28.98, Change: $+2.34, Percent Change: +8.77%
$MBUU
