Malibu Boats, Inc. Announces First Quarter Fiscal 2020 Results
Malibu Boats, Inc. (MBUU)
Last malibu boats, inc. earnings: 2/6 07:00 am
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US:NASDAQ Investor Relations:
investors.malibuboats.com/investor-relations/default.aspx
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Source: GlobeNewswire
LOUDON, Tenn. , Nov. 07, 2019 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the first quarter ended September 30, 2019. Highlights for the First Quarter of Fiscal Year 2020 Net sales increased 39.4% to $172.1 million compared to the first quarter of fiscal year 2019.Unit volume increased 13.9% to 1,727 boats compared to the first quarter of fiscal year 2019.Net sales per unit increased 22.3% to $99,641 per unit compared to the first quarter of fiscal year 2019.Gross profit increased 31.1% to $40.0 million compared to the first quarter of fiscal year 2019.Net income increased 38.8% to $16.7 million, or $0.76 per share compared to the first quarter of fiscal year 2019.Adjusted EBITDA increased 24.0% to $28.4 million compared to the first quarter of fiscal year 2019.Adjusted fully distributed net income increased 23.3% to $18.1 million compared to the first quarter of fiscal year 2019.Adjusted fully distributed net income per share in
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