secwatch.observer — SEC 8-K summary
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Issuer:     MasterCraft Boat Holdings, Inc. (MCFT)
CIK:        0001638290
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055071
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024055071/0000950170-24-055071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024055071/mcft-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer