Malibu Boats soars on Q3 beat, raised sales growth forecast

Malibu Boats

03/05/2023 18:48

** Shares of recreational boat maker Malibu Boats Inc  MBUU.O 
up 2.8% at $58.2, a near two-month high
    ** Co reports Q3 adjusted profit of $2.59/shr, beating
analysts' estimates of $2.36/shr - Refinitiv
    ** Q3 sales of $375.1 mln were also above estimates of
$343.2 mln
    ** Net sales primarily driven by higher unit volumes in
saltwater fishing and cobalt segments and inflation-driven price
increases, co says 
    ** Now expects FY net sales to grow slightly over 10% YOY vs
prior forecast of mid-to-high single-digit pct growth
    ** MBUU up 10% YTD

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((RichardRohan.Francis@thomsonreuters.com;))