MasterCraft Boat Holdings Inc · Q3 2022 earnings

Briefing

Reported record results for the fiscal third quarter, marking the sixth consecutive record-setting quarter.

MasterCraft Boat Holdings, Inc. reported a strong fiscal 2022 third quarter with record net sales, diluted adjusted earnings per share, and adjusted EBITDA. Net sales increased by 26.3% year-over-year to $186.7 million, and net income increased by 19.2% to $20.9 million.

• Delivered the most profitable quarter in the Company’s history; the sixth consecutive record-setting quarter.
• Net sales for the third quarter increased to $186.7 million, up 26.3% from the prior-year period.
• Net income was $20.9 million, up 19.2%.
• Diluted Net Income per share was $1.13, up 21.5%.

Headline financials

Revenue & EPS history

The Company’s outlook is as follows: For full year fiscal 2022, consolidated net sales growth is expected to be up in the 30 percent range. Because of supply chain disruption and inflationary pressures, combined with operational challenges at NauticStar, we expect our Adjusted EBITDA margins to be in the high-16 percent range. We expect Adjusted Earnings per share growth to be up in the 30 percent range year-over-year. Due to project delays driven by supply chain disruptions and labor challenges, we are lowering our capital expenditures estimate to $20 million for the full year.