MALIBU BOATS INC
For the period ended Dec 31, 2023. Filed Jan 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 30, 2024
MBUU$20.55-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)
(In thousands, except share and per share data)
| Three Months Ended December 31, | Six Months Ended December 31, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Net sales | $211,074 | $338,732 | $466,904 | $640,943 |
| Cost of sales | 173,599 | 263,078 | 372,635 | 490,684 |
| Gross profit | 37,475 | 75,654 | 94,269 | 150,259 |
| Operating expenses: | ||||
| Selling and marketing | 5,610 | 6,198 | 11,362 | 11,384 |
| General and administrative | 15,440 | 19,057 | 36,145 | 38,277 |
| Amortization | 1,713 | 1,715 | 3,428 | 3,431 |
| Operating income | 14,712 | 48,684 | 43,334 | 97,167 |
| Other expense, net: | ||||
| Other (income) expense, net | (9) | 193 | (19) | 263 |
| Interest expense | 671 | 910 | 1,555 | 2,195 |
| Other expense, net | 662 | 1,103 | 1,536 | 2,458 |
| Income before provision for income taxes | 14,050 | 47,581 | 41,798 | 94,709 |
| Provision for income taxes | 3,906 | 11,185 | 10,884 | 22,208 |
| Net income | 10,144 | 36,396 | 30,914 | 72,501 |
| Net income attributable to non-controlling interest | 263 | 1,234 | 774 | 2,456 |
| Net income attributable to Malibu Boats, Inc. | $9,881 | $35,162 | $30,140 | $70,045 |
| Comprehensive income: | ||||
| Net income | $10,144 | $36,396 | $30,914 | $72,501 |
| Other comprehensive income (loss): | ||||
| Change in cumulative translation adjustment | 1,427 | 1,227 | 676 | (209) |
| Other comprehensive income (loss) | 1,427 | 1,227 | 676 | (209) |
| Comprehensive income | 11,571 | 37,623 | 31,590 | 72,292 |
| Less: comprehensive income attributable to non-controlling interest | 300 | 1,276 | 793 | 2,449 |
| Comprehensive income attributable to Malibu Boats, Inc. | $11,271 | $36,347 | $30,797 | $69,843 |
| Weighted-average shares outstanding used in computing net income per share: | ||||
| Basic | 20,375,750 | 20,404,583 | 20,481,119 | 20,432,216 |
| Diluted | 20,450,204 | 20,516,025 | 20,567,218 | 20,559,752 |
| Net income available to Class A Common Stock per share: | ||||
| Basic | $0.49 | $1.73 | $1.47 | $3.43 |
| Diluted | $0.49 | $1.72 | $1.47 | $3.41 |
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