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Sep 29, 2024
MasterCraft Q1 2025 Earnings Report
Reported first quarter results for fiscal year 2025.
Key Takeaways
MasterCraft Boat Holdings reported net sales of $65.4 million, a decrease of 30.7% compared to the prior-year period. Income from continuing operations was $1.0 million, or $0.06 per diluted share, while adjusted net income was $1.9 million, or $0.12 per diluted share.
Net sales for the first quarter were $65.4 million, down 30.7% from the prior-year period.
Income from continuing operations was $1.0 million, or $0.06 per diluted share.
Adjusted Net Income was $1.9 million, or $0.12 per diluted share.
Share repurchases totaled $3.5 million during the quarter.
MasterCraft
MasterCraft
MasterCraft Revenue by Segment
Revenue by Segment
MasterCraft Revenue
CapyFin.comPontoon Revenue
CapyFin.com Forward Guidance
The Company’s outlook is as follows: •For full year fiscal 2025, we now expect consolidated net sales to be between $270 million and $300 million, with Adjusted EBITDA between $17 million and $26 million, and Adjusted Earnings per share of between $0.55 and $0.95. Capital expenditures are projected to be approximately $12 million for the full year. For full year fiscal 2025, we now expect consolidated net sales to be between $270 million and $300 million, with Adjusted EBITDA between $17 million and $26 million, and Adjusted Earnings per share of between $0.55 and $0.95. Capital expenditures are projected to be approximately $12 million for the full year. •For fiscal second quarter 2025, consolidated net sales are expected to be approximately $60 million, with Adjusted EBITDA of approximately $1.0 million, and Adjusted Loss per share of approximately ($0.01).
Positive Outlook
- Consolidated net sales to be between $270 million and $300 million.
- Adjusted EBITDA between $17 million and $26 million.
- Adjusted Earnings per share of between $0.55 and $0.95.
- Capital expenditures are projected to be approximately $12 million for the full year.
- Consolidated net sales are expected to be approximately $60 million for fiscal second quarter 2025.
Challenges Ahead
- Adjusted EBITDA of approximately $1.0 million for fiscal second quarter 2025.
- Adjusted Loss per share of approximately ($0.01) for fiscal second quarter 2025.
- Lower unit volumes
- Unfavorable model mix
- Lower margins were the result of lower cost absorption due to planned decreased production volume and higher dealer incentives as a percentage of net sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income