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Malibu Boats, Inc. announced its financial results for the first quarter ended September 30, 2020, with net sales increasing by 5.2% to $181.0 million and net income increasing by 32.1% to $22.0 million.
Net sales increased by 5.2% to $181.0 million.
Gross profit increased by 14.3% to $45.7 million.
Net income increased by 32.1% to $22.0 million.
Adjusted EBITDA increased by 28.0% to $36.3 million.
For the fiscal full year 2021, Malibu anticipates revenues to grow approximately 20% year-over-year and Adjusted EBITDA margins to approach 20%.
Visualization of income flow from segment revenue to net income