v3.25.2
Segment Information (Tables)
9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Revenue and Income from Operations of Reportable Segments

The following table sets forth revenue and income from operations for each of the Company’s reportable segments:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

June 30,

 

 

June 30,

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

(Amounts in thousands)

 

 

(Amounts in thousands)

 

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Operations

 

$

655,750

 

 

$

752,171

 

 

$

1,750,439

 

 

$

1,855,433

 

 

Product Manufacturing

 

 

32,150

 

 

 

38,062

 

 

 

105,591

 

 

 

124,372

 

 

Elimination of intersegment revenue

 

 

(30,741

)

 

 

(32,513

)

 

 

(98,895

)

 

 

(111,919

)

 

Revenue

 

$

657,159

 

 

$

757,720

 

 

$

1,757,135

 

 

$

1,867,886

 

 

(Loss) Income from operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Operations

 

$

28,079

 

 

$

58,733

 

 

$

90,271

 

 

$

94,204

 

 

Product Manufacturing (1)

 

 

(72,363

)

 

 

(548

)

 

 

(75,570

)

 

 

2,508

 

 

Intersegment adjustments (2)

 

 

2,744

 

 

 

2,842

 

 

 

5,472

 

 

 

4,715

 

 

(Loss) Income from operations

 

$

(41,540

)

 

$

61,027

 

 

$

20,173

 

 

$

101,427

 

 

(1) The Company recognized a non-cash, pre-tax goodwill impairment charge of $69.1 million related to the product manufacturing reporting unit and segment during the three and nine months ended June 30, 2025.

(2) Intersegment adjustments represent eliminations of intersegment income from sales of boats from Product Manufacturing to Retail Operations and additional income recognized when manufactured boats are sold to the customer through the Retail Operations segment.