- Shares of Malibu Boats (NASDAQ:MBUU) move higher after posting a revenue gain of 8.6% in Q4, despite a 3.4% decline in unit volume.
- Adjusted EBITDA increased 27.5% to $39.1M during the quarter to top the consensus mark of $34.0M.
- "With a historic backlog of orders, increasing ASPs and unparalleled execution, we yielded a 326-basis point year-over-year improvement in gross margins for the quarter," notes CEO Jack Springer.
- Looking ahead, the company sees FY21 revenue of greater than 35%, which reps a tally of more than $882M vs. $852M consensus.
- MBUU +2.91% premarket to $80.97 following the top line and bottom line earnings topper.