Malibu Boats Q3 FY2023 sales $375M (+9% YoY), net income $53.5M (-2.5%); saltwater segment shines

MALIBU BOATS, INC.

2023-Q3 EPS reported $5.92 revenue$1,016,062,000

Net sales $375.1M, up 9.0% YoY; unit volume up 2.9% to 2,637 units.
Net income $53.5M (-2.5%), diluted EPS flat at $2.51; adjusted EBITDA $79.3M (-0.6%).
Saltwater Fishing segment sales surged 31% to $122.7M (+167 units); Malibu segment sales down 3.5% to $172.6M (-119 units).
FY2023 guidance: net sales growth slightly above 10% YoY; adjusted EBITDA margin down slightly YoY.
Gross margin fell 190 bps to 26.3% due to mix shift and dealer flooring costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MALIBU BOATS, INC. reported the nine months ended March 31, 2023 results: revenue $1,016,062, net income $125,953.

Period: the nine months ended March 31, 2023
Revenue: $1,016,062
Net income: $125,953
Result: reported results

Exact text from the filing

Third Quarter Fiscal 2023 Results (Unaudited) Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 (Dollars In Thousands) Net Sales $ 375,119 $ 344,287 $ 1,016,062 $ 861,671 Gross Profit $ 98,574 $ 97,121 $ 248,833 $ 220,424 Gross Profit Margin 26.3 % 28.2 % 24.5 % 25.6 % Net Income $ 53,452 $ 54,833 $ 125,953 $ 113,745

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MALIBU BOATS, INC. reported the third quarter ended March 31, 2023 results: revenue $375.1 million, net income $53.5 million, EPS $2.51 per share.

Period: the third quarter ended March 31, 2023
Revenue: $375.1 million
Net income: $53.5 million
EPS: $2.51 per share
Result: reported results

Exact text from the filing

Malibu Boats, Inc. (Nasdaq: MBUU) today announced its financial results for the third quarter ended March 31, 2023. Third Quarter Fiscal 2023 Highlights Compared to Third Quarter Fiscal 2022: • Net sales increased 9.0% to $375.1 million • Unit volume increased 2.9% to 2,637 units • Gross profit increased 1.5% to $98.6 million • Net income decreased 2.5% to $53.5 million • Adjusted EBITDA decreased 0.6% to $79.3 million • Net income available to Class A Common Stock per share (diluted) remained flat at $2.51 per share

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Source: SEC EDGAR

accession 0001590976-23-000042

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