NASDAQ$MCFT
MasterCraft Boat Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported record results for the first quarter of fiscal year 2023.
MasterCraft Boat Holdings, Inc. reported a record first quarter for fiscal year 2023, with net sales increasing by 29.7% to $169.5 million and net income from continuing operations reaching $24.6 million, or $1.37 per diluted share. The company's performance was driven by increased volume and mix, along with price increases, and was supported by the mitigation of supply chain disruptions and efficient production.
- Net sales for the first quarter increased 29.7% year-over-year to a record $169.5 million.
- Net income from continuing operations was a record $24.6 million, or $1.37 per diluted share.
- Adjusted EBITDA increased 72.8% to $35.9 million.
- The company raised its full year fiscal 2023 guidance for consolidated net sales and Adjusted EBITDA.
Headline financials
Revenue & EPS history
MasterCraft · Revenue · Quarterly
$170M
Revenue by segment
MasterCraft · $113M total across 1 segment · Q1 2023
- MasterCraft$113M+22.8%100.0%
Forward guidance
MasterCraft raised its guidance for the full year based on strong performance. For full year fiscal 2023, consolidated net sales are now expected to be between $590 million and $625 million, with Adjusted EBITDA between $108 million and $118 million, and Adjusted Earnings per share of between $4.20 and $4.60. For the second quarter of fiscal 2023, consolidated net sales are expected to be approximately $150 million, with Adjusted EBITDA of approximately $26 million, and Adjusted Earnings per share of approximately $1.00.
Tailwinds
- Consolidated net sales are expected to be between $590 million and $625 million for full year fiscal 2023.
- Adjusted EBITDA is expected to be between $108 million and $118 million for full year fiscal 2023.
- Adjusted Earnings per share is expected to be between $4.20 and $4.60 for full year fiscal 2023.
- Consolidated net sales are expected to be approximately $150 million for the second quarter of fiscal 2023.
- Adjusted EBITDA is expected to be approximately $26 million for the second quarter of fiscal 2023.
Headwinds
- Guidance range reflects the potential for a range of retail demand scenarios.
- The company will continue to monitor the strength of retail demand and adjust production plans as appropriate to maintain healthy dealer inventories.
- Potential effects of supply chain disruptions and production inefficiencies.
- General economic conditions may impact results.
- Inflation may impact results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.8%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+1.4%
Avg return
30 days after
65%
30 / 46 earnings
Positive
+28.5%
Q1 2025
Best reaction
-20.5%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +1.5% | +3.1% | -9.0% | |
| Q2 2026 | +6.4% | +4.5% | -14.7% | |
| Q1 2026 | +6.7% | -10.7% | -15.6% | |
| Q4 2025 | +10.2% | +5.0% | +4.4% | |
| Q3 2025 | +11.6% | +12.5% | +13.1% | |
| Q1 2025 | +28.5% | +24.1% | +15.0% | |
| Q3 2024 | +0.8% | +4.4% | +2.8% | |
| Q2 2024 | +5.0% | +14.6% | +5.3% | |
| Q1 2024 | -5.9% | -8.6% | -2.0% | |
| Q4 2023 | -12.8% | -8.3% | -11.0% | |
| Q3 2023 | -4.0% | -2.3% | +4.0% | |
| Q2 2023 | +5.8% | +7.2% | +4.0% | |
| Q1 2023 | +9.5% | +9.2% | +13.7% | |
| Q4 2022 | -10.9% | -8.9% | -17.4% | |
| Q3 2022 | -5.0% | -3.9% | -6.1% | |
| Q2 2022 | +3.0% | +10.2% | +1.6% | |
| Q1 2022 | +1.6% | +3.4% | -3.5% | |
| Q4 2021 | +1.4% | -2.5% | -1.7% | |
| Q3 2021 | +11.2% | +12.2% | -10.6% | |
| Q2 2021 | -3.1% | -5.9% | +7.8% | |
| Q1 2021 | +4.1% | +7.1% | +4.6% | |
| Q4 2020 | -20.3% | -25.6% | -11.0% | |
| Q3 2020 | +4.2% | +12.6% | +72.2% | |
| Q2 2020 | +11.7% | +9.1% | -14.0% | |
| Q1 2020 | +7.7% | +4.8% | -2.8% | |
| Q4 2019 | -20.5% | -18.7% | -21.8% | |
| Q3 2019 | +2.7% | +1.8% | -16.5% | |
| Q2 2019 | -9.7% | -8.2% | -5.3% | |
| Q1 2019 | -15.4% | -14.5% | -30.8% | |
| Q4 2018 | +23.2% | +32.4% | +21.7% | |
| Q3 2018 | +8.7% | +12.6% | +18.4% | |
| Q2 2018 | +15.7% | +6.8% | +16.1% | |
| Q1 2018 | -4.4% | -0.7% | +3.6% | |
| Q4 2017 | +1.2% | +2.5% | +24.6% | |
| Q3 2017 | +7.1% | +5.5% | +5.7% | |
| Q2 2017 | +0.3% | +3.7% | +9.1% | |
| Q1 2017 | +9.5% | +7.7% | +18.8% | |
| Q4 2014 | -6.7% | -14.9% | -8.3% | |
| Q4 2016 | -8.5% | -14.0% | -9.4% | |
| Q3 2015 | +7.0% | — | — | |
| Q3 2016 | +5.4% | — | — | |
| Q2 2015 | -2.4% | — | — | |
| Q2 2016 | -2.3% | — | — | |
| Q1 2015 | +5.8% | — | — | |
| Q1 2016 | +3.2% | — | — | |
| Q4 2015 | -7.8% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro