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Boating stocks follow Malibu higher

Aug. 29, 2019 10:20 AM ETBC, HZO, MPC, MBUU, MCFTBy: Clark Schultz, SA News Editor7 Comments
  • The boating sector is getting a lift out of a strong earnings report from Malibu Boats (MBUU +11.8%).
  • Malibu generated sales growth of 41% in FQ4 and easily topped the consensus EPS estimate. Adjusted EBITDA was up 38% Y/Y to $35.8M vs. $33.3M consensus.
  • Gainers on the day include MasterCraft (MCFT +6.3%), Marine Products (MPC +3.6%), MarineMax (HZO +2.7%) and Brunswick (BC +3.2%).

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