Malibu Boats reports Q2 EPS 12c, consensus 18c

Reports Q2 revenue $200.3M, consensus $195.85M. “During the second quarter, we navigated a challenging marine environment by leveraging our strong brand portfolio of industry-leading innovation while maintaining an unwavering focus on dealer health,” commented Steve Menneto, Chief Executive Officer of Malibu Boats (MBUU), Inc. “While retail softness persists, particularly in our saltwater markets, our emphasis on maintaining disciplined channel inventory levels and prudent production is our focus heading into the second half of the fiscal year. Our Year-End Sales event and early season boat shows provided decent results, however, we are seeing a less prominent rebound in demand heading into selling season. We will continue to monitor in-season shows to gain further indicators of consumer interest but remain cautious.”