Comprehensive Analysis of Malibu Boats' Latest Earnings Report
Malibu Boats (MBUU) delivered earnings and revenue surprises of 36.96% and 1.17%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Recreational boats manufacturer Malibu Boats (NASDAQ:MBUU) missed analysts' expectations in Q1 CY2024, with revenue down 45.8% year on year to $203.4 million. It made a non-GAAP profit of $0.63 per share, down from its profit of $2.52 per share in the same quarter last year.