secwatch.observer — SEC 8-K summary
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Issuer:     MasterCraft Boat Holdings, Inc. (MCFT)
CIK:        0001638290
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-121812
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasterCraft Q1 sales down 31% to $65.4M; adj EBITDA $3.8M; raises low end of FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024121812/0000950170-24-121812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024121812/mcft-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-121812

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