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 fiscal year 2023 results: revenue net sales growth slightly over 10% year-over-year. Guidance reaffirmed.
- Period
- fiscal year 2023
- Revenue
- net sales growth slightly over 10% year-over-year
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
its previously announced guidance for fiscal year 2023 net sales and Adjusted EBITDA margin. For fiscal year 2023, the Company anticipates net sales growth slightly over 10% year-over-year and Adjusted EBITDA margin down slightly year-over-year. The Company expects to incur the full $100.0 million related to the settlement of the Batchelder Matters
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MALIBU BOATS, INC. entered into Confidential General Release and Settlement Agreement with Batchelder Plaintiffs valued at $100.0 million (effective 2023-06-30).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Batchelder Plaintiffs
- Value
- $100.0 million
- Effective
- 2023-06-30
Exact text from the filing
On June 30, 2023, the Company and Boats LLC entered into a Confidential General Release and Settlement Agreement (the “Settlement Agreement”), by and among each of the plaintiffs in the Batchelder I Matter (the “Batchelder I Plaintiffs”) and the plaintiffs in the Batchelder II Matter (“the Batchelder II Plaintiffs, and together with the Batchelder I Plaintiffs, the “Batchelder Plaintiffs”) in settlement of each of the Batchelder Matters.
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