earnings
confidence high
sentiment positive
materiality 0.85
MasterCraft reports record Q2 sales $159.2M, raises FY2023 guidance
MasterCraft Boat Holdings, Inc.
2023-Q2 EPS reported
$1.33
revenue$328,704,000
- Net sales $159.2M (+10.2% YoY); net income $20.0M ($1.12 diluted, +19.1% EPS).
- Record Adjusted EBITDA $29.8M (+9.8% YoY); margin 18.7% vs 18.8% prior.
- Raised FY2023 guidance: net sales $620-640M, Adj EBITDA $111-118M, Adj EPS $4.40-4.66.
- Record operating cash flow driven by earnings and working capital management.
- Repurchased $4.8M shares during the quarter; ninth consecutive record quarter.