Malibu Boats reports Q3 adjusted EPS 63c, consensus 47c

Reports Q3 revenue $203.419M, consensus $206.51M. “In the fiscal third quarter, we continued to navigate a softened retail demand environment, with notable weakness in the tow boat and value boat markets. Despite this challenge, we are encouraged by pockets of strength we are seeing across Cobalt and Pursuit, showcasing resiliency within certain segments of our portfolio,” commented Jack Springer, Chief Executive Officer of Malibu Boats, Inc. “Our channel inventories, which remain elevated, are showing signs of improvement as we enter the peak selling season, with a gradual decline underway. As we progress through the remainder of the year, our focus remains on returning inventories to more normalized levels through production reductions and the delivery of boats in the selling season. We anticipate that these efforts will position us for long-term stability and growth.”