MasterCraft (MCFT) Tops Q3 EPS by 31c

MasterCraft (NASDAQ: MCFT) reported Q3 EPS of $1.01, $0.31 better than the analyst estimate of $0.70. Revenue for the quarter came in at $147.9 million versus the consensus estimate of $138.97 million.

Outlook:

Concluded Brightbill, “Due to a continuation of strong retail demand trends, historically low dealer inventory, the strength of our order book across our brands, and the increased production rates in each segment over the course of the third quarter, we are once again raising our guidance for fiscal 2021. Importantly, our guidance assumes continued inefficiencies in our production as we navigate through supply chain disruptions.”

The Company’s outlook is as follows:

• For full year fiscal 2021, consolidated net sales growth is expected to be approaching 40 percent, with Adjusted EBITDA margins approaching 17 percent, and Adjusted Earnings per share growth up in the high 120 percent range year-over-year.

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

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