MasterCraft Q3 net sales down 42.6% to $95.7M; cuts full-year guidance

MasterCraft Boat Holdings, Inc.

2024-Q3 EPS reported $0.93 revenue$299,406,000

Net sales $95.7M, down 42.6% YoY; net income $3.8M ($0.23 diluted EPS) vs $22.8M.
Adjusted EPS $0.37, down 72.8% YoY; Adjusted EBITDA $9.7M, down 70.7%.
Full-year guidance cut: net sales $360-365M, Adj EBITDA $28-30M, Adj EPS $0.95-1.05.
Launched new luxury pontoon brand Balise; production started in Owosso, MI.
Ended quarter with $105.7M cash, $50.4M debt; $1.6M share repurchases.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MasterCraft Boat Holdings, Inc. reported full year fiscal 2024 results: revenue $360 million and $365 million, EPS $0.95 and $1.05. Guidance lowered.

Period: full year fiscal 2024
Revenue: $360 million and $365 million
EPS: $0.95 and $1.05
Guidance: lowered
Result: guidance update

Exact text from the filing

Consolidated net sales is now expected to be between $360 million and $365 million, with Adjusted EBITDA between $28 million and $30 million, and Adjusted Earnings per share between $0.95 and $1.05.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MasterCraft Boat Holdings, Inc. reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $95.7 million, net income $3.8 million, EPS $0.23 per diluted share.

Period: fiscal 2024 third quarter ended March 31, 2024
Revenue: $95.7 million
Net income: $3.8 million
EPS: $0.23 per diluted share
Result: reported results

Exact text from the filing

Overview: ▪ Net sales for the third quarter were $95.7 million, down 42.6% from the prior-year period ▪ Net income from continuing operations was $3.8 million, or $0.23 per diluted share ▪ Diluted Adjusted Net Income per share, a non-GAAP measure, was $0.37, down 72.8% from the prior-year period

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Source: SEC EDGAR

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