Ubiquiti Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 464.95 million compared to USD 493.57 million a year ago. Net income was USD 82.12 million compared to USD 112.21 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 1.36 compared to USD 1.86 a year ago.
For the six months, sales was USD 928.03 million compared to USD 991.65 million a year ago. Net income was USD 169.87 million compared to USD 205.39 million a year ago. Basic earnings per share from continuing operations was USD 2.81 compared to USD 3.4 a year ago. Diluted earnings per share from continuing operations was USD 2.81 compared to USD 3.4 a year ago.