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 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 61,284,000 $ 71,250,000 $ 219,035,000 $ 175,854,000
Cost of sales     145,750,000 100,411,000
Gross profit 19,074,000 29,307,000 73,285,000 75,443,000
Operating expenses        
Selling, general and administrative 13,449,000 12,721,000 37,714,000 33,877,000
Income from operations 5,625,000 16,586,000 35,571,000 41,566,000
Net investment income 1,630,000 43,000 3,328,000 284,000
Interest expense (195,000) 0 (551,000) 0
Income before income taxes 7,060,000 16,629,000 38,348,000 41,850,000
Income tax expense 1,842,000 3,884,000 8,511,000 9,480,000
Net income $ 5,218,000 $ 12,745,000 $ 29,837,000 $ 32,370,000
Net income per share Basic (in dollars per share) $ 0.33 $ 0.93 $ 2.01 $ 2.35
Net income per share Diluted (in dollars per share) $ 0.33 $ 0.92 $ 2.00 $ 2.33
Weighted average shares outstanding:        
Basic (in shares) 15,254,341 13,772,269 14,880,666 13,760,950
Diluted (in shares) 15,254,341 13,899,698 14,929,405 13,900,019