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Malibu Boats, Inc. reported a record first quarter for fiscal year 2022, with net sales increasing by 40.1% to $253.5 million and net income rising by 26.7% to $27.9 million compared to the prior year period.
Net sales increased 40.1% to a record $253.5 million.
Unit volume increased 23.8% to a record 2,024 units.
Net income increased 26.7% to a record $27.9 million.
Adjusted fully distributed net income per share increased 21.2% to a record $1.37 per share.
For fiscal year 2022, Malibu anticipates revenue growth in the low to mid 20% range year-over-year and Adjusted EBITDA margins of approximately 19.5%.
Visualization of income flow from segment revenue to net income