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Mar 31, 2024
MasterCraft Q3 2024 Earnings Report
MasterCraft reported results ahead of expectations in a dynamic and challenging environment for the marine industry.
Key Takeaways
MasterCraft Boat Holdings, Inc. reported a decrease in net sales for the third quarter to $95.7 million, a 42.6% decrease compared to the prior-year period. Net income was $3.8 million, or $0.23 per diluted share. The company launched a new luxury pontoon brand, Balise.
Net sales for the third quarter were $95.7 million, down 42.6% from the prior-year period.
Net income from continuing operations was $3.8 million, or $0.23 per diluted share.
Diluted Adjusted Net Income per share, a non-GAAP measure, was $0.37, down 72.8% from the prior-year period.
Ended the quarter with cash and investments of $105.7 million, and total debt of $50.4 million.
Revenue by Segment
Forward Guidance
Consolidated net sales is now expected to be between $360 million and $365 million, with Adjusted EBITDA between $28 million and $30 million, and Adjusted Earnings per share between $0.95 and $1.05. Capital expenditures are expected to be approximately $17 million for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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