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Dec 29, 2019
MasterCraft Q2 2020 Earnings Report
MasterCraft's financial results decreased compared to the prior-year period.
Key Takeaways
MasterCraft Boat Holdings, Inc. reported a decrease in net sales to $99.6 million, an 18.0 percent decrease from the prior-year period. GAAP net income was $6.9 million, a 32.5 percent decrease from the prior-year period. GAAP diluted earnings per share decreased to $0.37 from the prior year period.
Net sales decreased to $99.6 million, down 18.0 percent from the prior-year period.
GAAP net income was $6.9 million, down 32.5 percent from the prior-year period.
GAAP diluted earnings per share decreased to $0.37, from the prior year period.
Diluted Adjusted Net Income per share was $0.43 compared to $0.64 in the prior-year period.
MasterCraft
MasterCraft
MasterCraft Revenue by Segment
Revenue by Segment
MasterCraft Revenue
CapyFin.com Forward Guidance
The company is maintaining its consolidated fiscal 2020 outlook.
Positive Outlook
- Pleased by the retail momentum experienced in the first half of the year
- Positive early boat show results
- Successful roll-out of new Aviara brand
- Aviara’s strong retail performance to-date reinforces bullish prospects for the brand this year and beyond
- Confident in the strength of brands and believe the new strategy being implemented will unlock opportunities to drive profitable growth and increased value creation
Challenges Ahead
- Visibility will remain limited until further into the retail selling season
- Net Sales – down low-single digit percent
- Net Sales – down low-single digit percent
- Adjusted EBITDA Margin – down 50 to 100 basis points
- Adjusted Earnings per Share – down high-single digit percent