MasterCraft (MCFT) Tops Q1 EPS by 7c

MasterCraft (NASDAQ: MCFT) reported Q1 EPS of $0.67, $0.07 better than the analyst estimate of $0.60. Revenue for the quarter came in at $144 million versus the consensus estimate of $137.04 million.

ed Brightbill, Chief Executive Officer and Chairman, commented, “Our business performed extremely well during the first quarter in a very challenging and dynamic environment. These results reflect a continuation of exceptional execution against our strategic and operational priorities as we delivered a record-setting performance for the fourth consecutive quarter. Net sales, diluted adjusted earnings per share, and adjusted EBITDA were all the highest for any first quarter in the Company’s history.”

Brightbill continued, “Despite many challenges, we had a solid start to fiscal 2022. We achieved industry-leading organic growth, and we will look to build on that success during the remainder of the year. Guided by our consumer-centric strategy and facilitated by our best-in-class operating model, recent third-party industry data confirms we have outperformed many of our top competitors to take meaningful market share.”

For earnings history and earnings-related data on MasterCraft (MCFT) click here.

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