Malibu Boats (NASDAQ: MBUU) stock soared 5.27% in pre-market trading on Thursday after the company reported better-than-expected fiscal second-quarter 2025 results and provided an optimistic outlook.
The leading performance sports boat manufacturer reported adjusted earnings per share of $0.31, beating analysts' estimates of $0.21 by a significant margin. Revenue for the quarter came in at $200.3 million, surpassing the consensus estimate of $190.6 million.
Despite facing a challenging marine environment and retail softness, particularly in the saltwater markets, Malibu Boats' CEO Steve Menneto expressed confidence in the company's ability to navigate the headwinds. The company's focus on maintaining disciplined channel inventory levels and prudent production was cited as a key strategy heading into the second half of the fiscal year.