v3.24.2.u1
Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales $ 48,793,000 $ 61,284,000 $ 119,933,000 $ 219,035,000
Cost of sales 38,101,000 42,210,000 101,712,000 145,750,000
Gross profit 10,692,000 19,074,000 18,221,000 73,285,000
Operating expenses        
Selling, general and administrative 12,998,000 13,449,000 38,430,000 37,714,000
(Loss) Income from operations (2,306,000) 5,625,000 (20,209,000) 35,571,000
Net investment income 1,735,000 1,630,000 5,653,000 3,328,000
Interest expense (153,000) (195,000) (381,000) (551,000)
(Loss) Income before income taxes (724,000) 7,060,000 (14,937,000) 38,348,000
Income tax (benefit) expense (277,000) 1,842,000 (3,311,000) 8,511,000
Net (loss) income $ (447,000) $ 5,218,000 $ (11,626,000) $ 29,837,000
Net (loss) income per share Basic (in dollars per share) $ (0.04) $ 0.33 $ (0.79) $ 2.01
Net (loss) income per share Diluted (in dollars per share) $ (0.04) $ 0.33 $ (0.79) $ 2
Weighted average shares outstanding:        
Basic (in shares) 14,249,755 15,254,341 14,699,278 14,880,666
Diluted (in shares) 14,249,755 15,254,341 14,699,278 14,929,405

Source