Malibu Boats yesterday announced the results of its fiscal 2022 second quarter.
Net sales for the quarter increased a record 34.9 percent to $263.9 million, and gross profit increased 28.4 percent to $63.6 million, also a record. Net income grew 39.9 percent in the quarter to $31 million.
Additionally, the company posted record unit volume, up 19 percent to 2,073 units.
“We delivered another tremendous quarter with net sales increasing 34.9 percent and net income rising 39.9 percent,” CEO Jack Springer said in a statement. “Throughout the quarter, inflationary pressures and supply-chain constraints persisted, but our tried-and-true operational agility allowed us to once again outperform the market.”
Malibu Boats’ brands comprise Malibu, Axis, Cobalt, Pursuit, Cobia, Pathfinder, Maverick and Hewes.
The full financial report is available here.
