Mastercraft Boat Holdings, Inc.: Fiscal Q2 Earnings Snapshot

VONORE, Tenn. (AP) — VONORE, Tenn. (AP) — MasterCraft Boat Holdings (MCFT) on Wednesday reported fiscal second-quarter net income of $19.7 million.

On a per-share basis, the Vonore, Tennessee-based company said it had net income of $1.11. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.20 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The sport boats maker posted revenue of $159.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $150.8 million.

For the current quarter ending in March, MasterCraft Boat Holdings, Inc. expects its per-share earnings to be $1.04.

The company said it expects revenue in the range of $158 million for the fiscal third quarter.

MasterCraft Boat Holdings, Inc. expects full-year earnings in the range of $4.40 to $4.66 per share, with revenue ranging from $620 million to $640 million.


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