MasterCraft Boat Holdings Inc · Q4 2021 earnings

Briefing

Announced record fourth quarter and fiscal year 2021 results.

MasterCraft Boat Holdings, Inc. reported record fourth-quarter results with net sales increasing to $155.5 million, a 204% increase, and net income of $16.5 million, or $0.87 per diluted share. The company delivered the most wholesale units ever sold in a fourth quarter, driven by year-over-year unit increases at each of its segments.

• Net sales increased to a record $155.5 million, up 204%.
• Gross margin expanded by 940 basis points to 23.9%.
• Net income was $16.5 million or $0.87 per diluted share.
• Diluted Adjusted Net Income per share, a non-GAAP measure, was $0.98.

Headline financials

Revenue & EPS history

For full year fiscal 2022, consolidated net sales growth is expected to be up in the high-teens percent range, with Adjusted EBITDA margins flat year-over-year, and Adjusted Earnings per share growth up in the high-teens percent range year-over-year. For fiscal first quarter 2022, consolidated net sales growth is expected to be up in the mid-30 percent range, with Adjusted EBITDA margins in the low-14 percent range, and Adjusted Earnings per share growth up in the low-20 percent range year-over-year.