---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-045178"
form_type: "8-K"
ticker: "MCFT"
cik: "0001638290"
company_name: "MasterCraft Boat Holdings, Inc."
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T01:59:26.707163+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MasterCraft reports record FY23 profit but Q4 sales down 15.5%; FY24 guide steep decline

## Summary
- Q4 net sales $166.6M (-15.5% YoY); net income $23.1M (-31.2%); Adjusted EBITDA $32.7M (-31.3%).
- Full year FY23 net sales $662.0M (+3.2% YoY); net income $90.5M (+2.9%); record operating cash flow ~$134M.
- FY24 guidance: net sales $390-420M, Adjusted EBITDA $42-52M, Adjusted EPS $1.46-1.88, implying sharp declines.
- Management cites elevated dealer inventories, slowing retail, and macro headwinds; production plans reduced for FY24.
- Share repurchases of $22.9M in FY23 (incl. $7.0M in Q4); capital expenditures ~$22M guided for FY24.

## SEC filing metadata
- accession: 0000950170-23-045178
- form_type: 8-K
- ticker: MCFT
- cik: 0001638290
- company_name: MasterCraft Boat Holdings, Inc.
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1638290/000095017023045178/0000950170-23-045178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1638290/000095017023045178/mcft-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-045178
- JSON: https://secwatch.observer/filing/0000950170-23-045178.json
- Plain text: https://secwatch.observer/filing/0000950170-23-045178.txt

## Key facts
- Earnings Releases
  MasterCraft Boat Holdings, Inc. reported fiscal 2023 year ended June 30, 2023 results: revenue $662.0 million, net income $90.5 million, or $5.09 per diluted share.
  - Period: fiscal 2023 year ended June 30, 2023
  - Revenue: $662.0 million
  - Net income: $90.5 million, or $5.09 per diluted share
  - Result: reported results
  source text: period ▪ Share repurchases of $7.0 million during the quarter Full Year Highlights: ▪ The most profitable fiscal year in the Company's history. ▪ Net sales increased to $662.0 million, up 3.2% from the prior-year period ▪ Net income from continuing operations was $90.5 million, or $5.09 per diluted share, up 2.9% and 7.8%, respectively, from the prior-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1638290/000095017023045178/0000950170-23-045178-index.htm
- Earnings Releases
  MasterCraft Boat Holdings, Inc. reported its fiscal 2023 fourth quarter ended June 30, 2023 results: revenue $166.6 million, net income $23.1 million, or $1.32 per diluted share.
  - Period: its fiscal 2023 fourth quarter ended June 30, 2023
  - Revenue: $166.6 million
  - Net income: $23.1 million, or $1.32 per diluted share
  - Result: reported results
  source text: our continuing operations, which exclude the NauticStar segment results reported as discontinued operations. Fourth Quarter Highlights: ▪ Net sales for the fourth quarter were $166.6 million, down 15.5% from the prior-year period ▪ Net income from continuing operations was $23.1 million, or $1.32 per diluted share, down 31.2% and 28.6%, respectively, from the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1638290/000095017023045178/0000950170-23-045178-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.