earnings
confidence high
sentiment negative
materiality 0.80
MasterCraft Q1 sales down 31% to $65.4M; adj EBITDA $3.8M; raises low end of FY guidance
MasterCraft Boat Holdings, Inc.
2024-Q1 EPS reported
-$0.31
revenue$65,359,000
- Net sales fell 30.7% YoY to $65.4M; income from cont ops $1.0M ($0.06 EPS) vs $8.5M ($0.50).
- Adj net income $1.9M ($0.12 diluted) vs $10.3M ($0.60); Adj EBITDA $3.8M vs $14.0M YoY.
- Completed Aviara brand sale to MarineMax on Oct 18; expects $26.5M from facility sale in Q2.
- Drew $49.5M on revolver; repurchased $3.5M in shares during quarter; $50.5M available.
- FY2025 guidance: net sales $270-300M, Adj EBITDA $17-26M, Adj EPS $0.55-0.95; Q2 net sales ~$60M.