MasterCraft Boat Holdings Inc · Q2 2023 earnings

Briefing

MasterCraft reported record second quarter results for fiscal year 2023, marked by increases in net sales, net income, and adjusted EBITDA.

MasterCraft Boat Holdings, Inc. announced record financial results for its fiscal 2023 second quarter ended January 1, 2023. Net sales increased to $159.2 million, up 10.2% from the prior-year period. Net income from continuing operations was $20.0 million, or $1.12 per diluted share, up 11.9% and 19.1%, respectively, from the prior-year period.

• Net sales, diluted adjusted earnings per share, and Adjusted EBITDA were the highest for any second quarter in the Company's history.
• The company had its ninth consecutive year-over-year record-setting quarter.
• Record net sales for the second quarter increased to $159.2 million, up 10.2% from the prior-year period.
• Record net income from continuing operations was $20.0 million, or $1.12 per diluted share, up 11.9% and 19.1%, respectively, from the prior-year period.

Headline financials

Revenue & EPS history

The Company’s outlook is as follows: For full year fiscal 2023, consolidated net sales is now expected to be between $620 million and $640 million, with Adjusted EBITDA between $111 million and $118 million, and Adjusted Earnings per share of between $4.40 and $4.66. For the third quarter of fiscal 2023, consolidated net sales is expected to be approximately $158 million, with Adjusted EBITDA of approximately $26 million, and Adjusted Earnings per share of approximately $1.04.