MasterCraft Boat Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 08, 2024 at 12:39 pm
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MasterCraft Boat Holdings, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 95.71 million compared to USD 166.78 million a year ago. Net income was USD 3.76 million compared to USD 22.51 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 1.3 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 1.28 a year ago. Basic earnings per share was USD 0.22 compared to USD 1.28 a year ago. Diluted earnings per share was USD 0.22 compared to USD 1.27 a year ago.
For the nine months, sales was USD 299.41 million compared to USD 495.48 million a year ago. Net income was USD 15.84 million compared to USD 46.26 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 3.8 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 3.78 a year ago. Basic earnings per share was USD 0.93 compared to USD 2.61 a year ago. Diluted earnings per share was USD 0.93 compared to USD 2.59 a year ago.
MasterCraft Boat Holdings, Inc. is a designer, manufacturer and marketer of recreational powerboats through its three brands, MasterCraft, Crest and Aviara. It designs, manufactures and sells premium recreational inboard ski/wake, outboard and sterndrive boats. In addition, it offers various accessories, including trailers and aftermarket parts. The Companyâs segments include MasterCraft, Crest and Aviara. MasterCraft segment consists of its MasterCraft brand, which manufactures premium ski/wake boats. The MasterCraft participates in a category within the powerboat industry by producing the industryâs premier competitive water ski, wakeboarding, and wake surfing performance boats. Crest segment consists of its Crest brand, which manufactures pontoon boats. Aviara segment consists of its Aviara brand, which manufactures luxury day boats. Aviara is a de novo brand, developed in-house, and focused on serving the luxury recreational day boat category of the powerboat industry.
MASTERCRAFT BOAT HOLDINGS, INC. 
