Malibu Boats, Inc. reported a 9.0% increase in net sales, reaching $375.1 million, and a 2.9% increase in unit volume to 2,637 units for the third quarter of fiscal year 2023. While gross profit increased by 1.5%, net income decreased by 2.5% to $53.5 million, and adjusted EBITDA decreased slightly by 0.6%.
Net sales increased by 9.0% to $375.1 million.
Unit volume increased by 2.9% to 2,637 units.
Net income decreased by 2.5% to $53.5 million.
Company anticipates net sales growth slightly over 10% year-over-year for fiscal year 2023.
For the full fiscal year 2023, Malibu anticipates net sales growth slightly over 10% year-over-year and Adjusted EBITDA margin down slightly year-over-year.
Visualization of income flow from segment revenue to net income