MasterCraft Boat Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 07, 2024 at 11:10 am EST
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MasterCraft Boat Holdings, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 99.48 million compared to USD 159.19 million a year ago. Net income was USD 5.89 million compared to USD 19.68 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 1.12 a year ago. Basic earnings per share was USD 0.35 compared to USD 1.11 a year ago. Diluted earnings per share was USD 0.34 compared to USD 1.11 a year ago.
For the six months, sales was USD 203.7 million compared to USD 328.7 million a year ago. Net income was USD 12.08 million compared to USD 23.75 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to USD 2.51 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 2.49 a year ago. Basic earnings per share was USD 0.71 compared to USD 1.33 a year ago. Diluted earnings per share was USD 0.7 compared to USD 1.33 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. 
