Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Earnings (Unaudited)

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Consolidated Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 36,910,000 $ 71,809,000 $ 71,140,000 $ 157,751,000
Cost of sales 34,078,000 48,246,000 63,611,000 103,539,000
Gross profit 2,832,000 23,563,000 7,529,000 54,212,000
Operating expenses        
Selling, general and administrative 12,573,000 11,508,000 25,432,000 24,266,000
Income from operations (9,741,000) 12,055,000 (17,903,000) 29,946,000
Net investment income 1,849,000 1,395,000 3,918,000 1,698,000
Interest expense (102,000) (112,000) (228,000) (356,000)
Income before income taxes (7,994,000) 13,338,000 (14,213,000) 31,288,000
Income tax expense (2,083,000) 2,974,000 (3,034,000) 6,669,000
Net income $ (5,911,000) $ 10,364,000 $ (11,179,000) $ 24,619,000
Net income per share Basic (in dollars per share) $ (0.4) $ 0.67 $ (0.75) $ 1.68
Net income per share Diluted (in dollars per share) $ (0.4) $ 0.67 $ (0.75) $ 1.67
Weighted average shares outstanding:        
Basic (in shares) 14,629,489 15,233,848 14,922,811 14,693,829
Diluted (in shares) 14,629,489 15,260,769 14,922,811 14,766,938