Unit volumes attributable to our Malibu segment increased 154 units, or 12.0%, for the three months ended June 30, 2022 compared to the three months ended June 30, 2021. Net sales attributable to our Malibu segment increased $40.0 million, or 29.2%, to $177.0 million for the three months ended June 30, 2022 compared to the three months ended June 30, 2021. Our unit volume increased primarily due to strong demand at our Malibu and Cobalt segments. Unit volume for the three months ended June 30, 2022 increased 242 units, or 10.3%, to 2,596 units compared to the three months ended June 30, 2021. We recognized an increase in net sales across all three segments and increase in volumes at our Malibu and Cobalt segments during the three months ended June 30, 2022. The increase in net sales was driven primarily by year-over-year price increases, a favorable model mix and increased unit volumes primarily in our Malibu and Cobalt segments. Net sales for the three months ended June 30, 2022 increased $76.5 million, or 27.6%, to $353.2 million, compared to the three months ended June 30, 2021. (In thousands, except unit and per unit data)Ĭomparison of the Fourth Quarter Ended June 30, 2022 to the Fourth Quarter Ended June 30, 2021 Results of Operations for the Fourth Quarter and Fiscal Year 2022 (Unaudited) “As we move into fiscal year 2023, we remain in an optimal position, doubling down on our strong conviction that our inherent strength and capabilities along with operational prowess will continue to drive profitability and deliver long-term value for our shareholders.” We continue to focus on our industry-leading innovation as we expand our differentiated portfolio across all our brands, giving us a significant edge with both loyal customers of our brands and first-time boat buyers,” continued Mr. Additionally, we are extremely excited about the introduction of the Pathfinder 2400 TRS, our first Maverick product launch since the acquisition, which is sure to make waves with our customers. “Our Model Year 2023 lineup is nothing short of enviable as we as bring even larger and more feature-rich boats to the market. Despite persistent supply chain headwinds, our operational excellence and advancements of our vertically integrated model have continued to shine and kept us strongly positioned as we closed out the fiscal year,” commented Jack Springer, Chief Executive Officer of Malibu Boats, Inc. “Our superior execution, combined with the strength of our brands and innovation, supported yet another tremendous quarter and overall record-smashing year, with net sales growing 31% and Adjusted EBITDA increasing nearly 30% over the prior year. Adjusted fully distributed net income per share increased 31.6% to a record $7.91 on a fully distributed weighted average share count of 21.6 million shares of Class A Common Stock.Net income available to Class A Common Stock per share (diluted) increased 43.6% to a record $7.51 per share.Adjusted EBITDA increased 29.7% to a record $246.5 million.Net income increased 43.0% to a record $163.4 million.Gross profit increased 31.1% to a record $310.1 million.Unit volume increased 13.1% to a record 9,255 units.Net sales increased 31.1% to a record $1,214.9 million.Adjusted fully distributed net income per share increased 32.1% to $2.43 per share on a fully distributed weighted average share count of 21.3 million shares of Class A Common Stockįiscal Year 2022 Highlights Compared to Fiscal Year 2021.Net income available to Class A Common Stock per share (diluted) increased 44.4% to $2.31 per share.Adjusted EBITDA increased 28.3% to $73.9 million.Net income increased 42.1% to $49.7 million.Gross profit increased 29.5% to $89.6 million.Unit volume increased 10.3% to 2,596 units.Net sales increased 27.6% to $353.2 million.(Nasdaq: MBUU) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2022.įiscal Fourth Quarter 2022 Highlights Compared to Fiscal Fourth Quarter 2021 25, 2022 (GLOBE NEWSWIRE) - Malibu Boats, Inc.
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