NASDAQ$MCFT

MasterCraft Boat Holdings Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

MasterCraft's financial results decreased compared to the prior-year period.

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.

Headline financials

Total Revenue

$99.6M

Previous: $122M-18.0%
EPS (adj)

$0.43

Previous: $0.64-32.8%
Adjusted EBITDA

$13.6M

No prior period
Adjusted EBITDA Margin

13.6%

No prior period
Capital Expenditures

-$7.17M

Previous: -$6.02M-19.1%
Free Cash Flow

-$294K

Previous: $4.17M-107.1%
Net Income

$6.88M

Previous: $10.2M-32.5%
Operating Income

$10.3M

Previous: $14.7M-29.8%
Gross Profit

$21.1M

Previous: $27.1M-21.9%
Cash & Equivalents

$5.45M

Previous: $18.5M-70.5%
Total Assets

$246M

Previous: $272M-9.5%
Stock-Based Comp

$32K

Previous: $404K-92.1%

Revenue & EPS history

MasterCraft · Revenue · Quarterly

$99.6M

Q2 2020-18%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

MasterCraft · $67.8M total across 1 segment · Q2 2020

  • MasterCraft
    $67.8M

Forward guidance

The company is maintaining its consolidated fiscal 2020 outlook.

Tailwinds

  • 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

Headwinds

  • 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

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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

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