MasterCraft (NASDAQ: MCFT) reported Q3 EPS of $1.21, $0.15 better than the analyst estimate of $1.06. Revenue for the quarter came in at $186.7 million versus the consensus estimate of $166.59 million.

Outlook:

Concluded Brightbill, “Looking forward, we are once again raising our net sales guidance for the full year on the strength of our operating performance, continuing strong retail demand, and wholesale visibility. While we believe our team can continue to expertly navigate the challenging environment, we are expecting the supply chain to remain constrained, and inflationary pressures and production inefficiencies to continue to weigh on margins. We will prioritize delivering consumers their boats heading into the summer season.”

The Company’s outlook is as follows:

• For full year fiscal 2022, consolidated net sales growth is expected to be up in the 30 percent range. Because of supply chain disruption and inflationary pressures, combined with operational challenges at NauticStar, we expect our Adjusted EBITDA margins to be in the high-16 percent range. We expect Adjusted Earnings per share growth to be up in the 30 percent range year-over-year. Due to project delays driven by supply chain disruptions and labor challenges, we are lowering our capital expenditures estimate to $20 million for the full year.

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