MasterCraft Boat Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended April 02, 2023
May 10, 2023 at 07:34 am EDT
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MasterCraft Boat Holdings, Inc. reported earnings results for the third quarter and nine months ended April 02, 2023. For the third quarter, the company reported sales was USD 166.78 million compared to USD 169.34 million a year ago. Net income was USD 22.51 million compared to USD 20.94 million a year ago. Basic earnings per share from continuing operations was USD 1.3 compared to USD 1.33 a year ago. Diluted earnings per share from continuing operations was USD 1.28 compared to USD 1.31 a year ago. Basic earnings per share was USD 1.28 compared to USD 1.14 a year ago. Diluted earnings per share was USD 1.27 compared to USD 1.13 a year ago.
For the nine months, sales was USD 495.48 million compared to USD 444.39 million a year ago. Net income was USD 46.26 million compared to USD 46.72 million a year ago. Basic earnings per share from continuing operations was USD 3.8 compared to USD 2.92 a year ago. Diluted earnings per share from continuing operations was USD 3.78 compared to USD 2.89 a year ago. Basic earnings per share was USD 2.61 compared to USD 2.51 a year ago. Diluted earnings per share was USD 2.59 compared to USD 2.49 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. 
