U.S. Markets closed
  • S&P 500

    -27.29 (-0.72%)
  • Dow 30

    -177.24 (-0.57%)
  • Nasdaq

    -114.10 (-0.87%)
  • Russell 2000

    -32.15 (-1.49%)
  • Crude Oil

    -1.53 (-2.86%)
  • Gold

    -23.70 (-1.28%)
  • Silver

    -0.97 (-3.77%)

    -0.0079 (-0.6526%)
  • 10-Yr Bond

    -0.0320 (-2.83%)
  • Vix

    +1.09 (+4.69%)

    -0.0057 (-0.4143%)

    +0.0290 (+0.0279%)

    +225.27 (+0.62%)
  • CMC Crypto 200

    -33.21 (-4.52%)
  • FTSE 100

    -66.25 (-0.97%)
  • Nikkei 225

    -179.12 (-0.62%)

Free Research Report as Malibu Boats' Revenues Soared 69% and Adjusted EPS Surged 39.5%

Stock Monitor: Tuniu Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 16, 2018 / Active-Investors.com has just released a free earnings report on Malibu Boats, Inc. (NASDAQ: MBUU). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MBUU. The Company reported its second quarter fiscal 2018 operating and financial results on February 09, 2018. The maker of performance sports boats outperformed top- and bottom-line expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Tuniu Corporation (NASDAQ: TOUR), which also belongs to the Consumer Goods sector as the Company Malibu Boats. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Malibu Boats most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the three months ended December 31, 2017, Malibu Boats' net sales soared 69.0% to $114.4 million. The Company's revenue numbers beat analysts' estimates of $108.4 million.

Malibu Boats' unit volumes increased 65 units, or 61.1% on a y-o-y basis, to 1,489 units in Q2 FY18. The increase in net sales and unit volumes was driven primarily by the Company's acquisition of Cobalt Boats, LLC (''Cobalt'') in July 2017. Cobalt's net sales and unit volumes were $39.4 million and 510 units, respectively, for the reported quarter. The Company's overall net sales per unit increased 4.9% to $76,812 in Q2 FY18.

During Q2 FY18, Malibu Boats' cost of sales advanced 74.2% to $86.9 million compared to $49.8 million in Q2 FY17, driven primarily by the Company's acquisition of Cobalt and an increase in unit volumes in its Malibu US segment.

For Q2 FY18, Malibu Boats' gross profit surged 54.5% to $27.5 million compared to $17.81 million in Q2 FY17, principally due to higher unit volumes attributable to the Company's acquisition of Cobalt. The Company's gross margin decreased 227 basis points to 24.1% in the reported quarter from 26.3% in the year ago same period.

During Q2 FY18, Malibu Boats' selling and marketing (S&M) expenses advanced 45.2% to $3.1 million on a y-o-y basis, due to the acquisition of Cobalt. The Company's general and administrative (G&A) expenses increased 115.3% to $7.4 million, largely due to higher G&A expenses attributable to Cobalt, and higher development costs associated with Malibu Boats' vertical integration initiative. Furthermore, during Q2 FY17, there was an approximate $1.4 million decrease in the Marine Power Holding, LLC (''Marine Power'') litigation judgment, following the Company's appeal of the verdict and court ruling amending the judgment from $3.3 million to $1.9 million in December 2016.

Malibu Boats' operating income increased 34% to $15.7 million in Q2 FY18 from $11.7 million in Q2 FY17. The Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) advanced 51.3% to $20.6 million in the reported quarter from $13.6 million in the year earlier comparable quarter.

For Q2 FY18, Malibu Boats reported a net loss of $5.6 million, or $0.31 loss per share, compared to a net income of $6.8 million, or $0.39 per share, in Q2 FY17. The decrease in net income was driven by the federal tax reform enacted in December 2017. The Company's adjusted net income surged 39.5% to $0.53 per share.

Segment Results

During Q2 FY18, the Company's Malibu US segment's net sales advanced 10.7% to $68.1 million on a y-o-y basis. The segment's unit volumes increased 52 units compared to the year ago corresponding period. The increases in net sales and unit volumes were driven primarily by a continued strong demand for the segment's new models, such as the Malibu Wakesetter 23 LSV and Axis A24, as well as its all new Malibu 21 MLX introduced in November 2017. The segment's net sales per unit increased 4.3% to $76,239 per unit in Q2 FY18, driven by a strong demand for optional features and y-o-y price increases.

For Q2 FY18, the Company's Malibu Australia segment's net sales rose 12.2% to $6.9 million.

Cash Matters

As on December 31, 2017, Malibu Boats' cash totaled $36.73 million compared to $32.82 million as on June 30, 2017. As on December 31, 2017, the Company's total current assets were $96.55 million, while its total current liabilities were $56.82 million.

Stock Performance Snapshot

March 15, 2018 - At Thursday's closing bell, Malibu Boats' stock declined 1.19%, ending the trading session at $33.34.

Volume traded for the day: 146.09 thousand shares.

Stock performance in the last three-month - up 12.10%; previous six-month period - up 22.17%; past twelve-month period - up 54.14%; and year-to-date - up 12.14%

After yesterday's close, Malibu Boats' market cap was at $673.80 million.

Price to Earnings (P/E) ratio was at 10.19.

The stock is part of the Consumer Goods sector, categorized under the Recreational Goods, Other industry.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors