MasterCraft Boat Holdings, Inc. reported a record-setting fourth quarter with net sales increasing to $217.7 million, up 39.9% from the prior-year period. Diluted Adjusted Net Income per share was $1.77, up 80.6%. Adjusted EBITDA increased to $44.6 million, up 65.6%.
Net sales for the fourth quarter increased to $217.7 million, up 39.9% from the prior-year period.
Net income was $11.5 million, or $0.63 per diluted share.
Diluted Adjusted Net Income per share, a non-GAAP measure, was $1.77, up 80.6%.
Adjusted EBITDA, a non-GAAP measure, increased to $44.6 million, up 65.6%.
For full year fiscal 2023, consolidated net sales are expected to be between $580 million and $615 million, with Adjusted EBITDA between $105 million and $115 million, and Adjusted Earnings per share of between $3.89 and $4.31. We expect capital expenditures to be approximately $30 million for the full year.