MasterCraft Boat Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 01, 2023
February 08, 2023 at 07:35 am EST
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MasterCraft Boat Holdings, Inc. reported earnings results for the second quarter and six months ended January 01, 2023. For the second quarter, the company reported sales was USD 159.19 million compared to USD 144.4 million a year ago. Net income was USD 19.68 million compared to USD 15.4 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 0.95 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 0.94 a year ago. Basic earnings per share was USD 1.11 compared to USD 0.82 a year ago. Diluted earnings per share was USD 1.11 compared to USD 0.81 a year ago.
For the six months, sales was USD 328.7 million compared to USD 275.05 million a year ago. Net income was USD 23.75 million compared to USD 25.79 million a year ago. Basic earnings per share from continuing operations was USD 2.51 compared to USD 1.6 a year ago. Diluted earnings per share from continuing operations was USD 2.49 compared to USD 1.59 a year ago. Basic earnings per share was USD 1.33 compared to USD 1.37 a year ago. Diluted earnings per share was USD 1.33 compared to USD 1.36 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. 
