earnings
confidence high
sentiment positive
materiality 0.80
MasterCraft reports record Q1 FY2022: net sales $144M (+38.8%), adj EPS $0.67, raises guidance
MasterCraft Boat Holdings, Inc.
2022-Q1 EPS reported
$0.55
revenue$144,010,000
- Net sales $144.0M, up 38.8% YoY; net income $10.4M ($0.55 diluted EPS).
- Adjusted EBITDA $19.4M, up 14.3%; adjusted EPS $0.67, up 15.5% YoY.
- Gross margin fell 440 bps to 20.9% on supply chain disruptions and inflation.
- Initiated $50M share repurchase program during the quarter.
- FY2022 guidance raised: net sales growth ~20%, adj EBITDA margin ~18%, adj EPS growth ~25%.