Malibu Boats, Inc. reported a record second quarter for fiscal year 2022, with net sales increasing by 34.9% to $263.9 million and net income rising by 39.9% to $31.0 million. The company's performance was driven by its brands, loyal customers, and operational agility, which allowed it to outperform the market despite ongoing supply chain challenges and inflationary pressures.
Net sales increased 34.9% to a record $263.9 million.
Unit volume increased 19.0% to a record 2,073 units.
Net income increased 39.9% to a record $31.0 million.
Adjusted fully distributed net income per share increased 23.0% to a record $1.50 per share.
For fiscal year 2022, Malibu anticipates revenue growth in the 22% to 24% range year-over-year and Adjusted EBITDA margins above 19.5%.
Visualization of income flow from segment revenue to net income