By | September 10, 2018

Shares of Malibu Boats, Inc. (NASDAQ:MBUU) have been recently spotted trading -12.05% off of the 52-week high price. On the other end, the stock has been noted 101.66% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 25.98 – 59.57. Switching over to some distances from popular moving averages, we see that the stock has been recorded 26.25% away from the 50 day moving average and 43.01% away from the 200 day moving average. Moving closer, we can see that shares have been trading 21.25% off of the 20-day moving average. 1345 employees work in the Company.

Malibu Boats, Inc. (NASDAQ:MBUU) recently announced its financial results for the fourth quarter and fiscal year ended June 30, 2018.

Highlights for the Fourth Quarter of Fiscal Year 2018

Net sales increased 84.6% to $138.7 million compared to the fourth quarter of fiscal year 2017.

Unit volume increased 70.1% to 1,708 boats compared to the fourth quarter of fiscal year 2017.

Net sales per unit increased 8.5% to $81,182 per unit compared to the fourth quarter of fiscal year 2017.

Gross profit increased 67.4% to $33.5 million compared to the fourth quarter of fiscal year 2017.

Net income increased 30.0% to $13.3 million, or $0.61 per share compared to the fourth quarter of fiscal year 2017.

Adjusted EBITDA increased 67.5% to $25.9 million compared to the fourth quarter of fiscal year 2017.

Adjusted fully distributed net income increased 100.9% to $16.5 million compared to the fourth quarter of fiscal year 2017.

Adjusted fully distributed net income per share increased 76.7% to $0.76 on a fully distributed weighted average share count of 21.8 million shares of Class A Common Stock as compared to the fourth quarter of fiscal year 2017.

Highlights for Fiscal Year 2018

Net sales increased 76.3% to $497.0 million compared to fiscal year 2017.

Unit volume increased 64.9% to 6,292 boats compared to fiscal year 2017.

Net sales per unit increased 6.9% to $78,990 per unit compared to fiscal year 2017.

Gross profit increased 60.4% to $120.3 million compared to fiscal year 2017.

Net income decreased 0.3% to $31.0 million, or $1.37 per share, compared to fiscal year 2017.

Adjusted EBITDA increased 66.4% to $92.7 million compared to fiscal year 2017.

Adjusted fully distributed net income increased 86.9% to $56.1 million compared to fiscal year 2017.

Adjusted fully distributed net income per share increased 66.7% to $2.60 per share on a fully distributed weighted average share count of 21.5 million shares of Class A Common Stock as compared to fiscal year 2017.

The USA based company Malibu Boats, Inc. moved with change of -0.06% to $52.39 with the total traded volume of 362902 shares in recent session versus to an average volume of 150.61K. The stock was up in the 5 days activity 12.30%. The one month performance of stock was 38.05%. MBUU shares are at 17.05% for the quarter and driving a 97.18% return over the course of the past year and is now at 76.22% since this point in 2018.

Right now MBUU beta is 1.09. The average volatility for the week and month was at 7.38% 4.31% respectively. There are 20.54M shares outstanding and 20.11M shares are floated in market.

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Shane Roberts

About Shane Roberts

Before joining News Registrar, Shane Roberts worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Shane learned CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Shane covers Business news section. Email Contact: Shane@newsregistrar.com

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