Mastercraft Boat Holdings, Inc. Reports Earnings Results for the Fourth Quarter Ended June 30, 2021
September 02, 2021 at 07:35 am EDT
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MasterCraft Boat Holdings, Inc. announced earnings results for the fourth quarter ended June 30, 2021. For the fourth quarter, the company announced sales was USD 155.532 million compared to USD 51.094 million a year ago. Operating income was USD 23.041 million compared to operating loss of USD 2.422 million a year ago. Net income was USD 16.534 million compared to net loss of USD 2.836 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to diluted loss per share from continuing operations of USD 0.15 a year ago. For the full year, sales was USD 525.808 million compared to USD 363.073 million a year ago. Operating income was USD 75.953 million compared to operating loss of USD 26.567 million a year ago. Net income was USD 56.170 million compared to net loss of USD 24.047 million a year ago. Basic earnings per share from continuing operations was USD 2.99 compared to basic loss per share from continuing operations of USD 1.28 a year ago. Diluted earnings per share from continuing operations was USD 2.96 compared to diluted loss per share from continuing operations of USD 1.28 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. 
