MasterCraft (MCFT) Tops Q1 EPS by 3c

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MasterCraft Reports Fiscal 2016 First-Quarter Results

November 5, 2015 4:07 PM EST

VONORE, Tenn., Nov. 05, 2015 (GLOBE NEWSWIRE) -- MasterCraft (NASDAQ: MCFT) today announced financial results for its fiscal 2016 first quarter.

Highlights:

Fiscal 2016 first-quarter net sales rose 7 percent over the prior-year first quarter to $56.0 millionNet sales, excluding the terminated Hydra-Sports manufacturing contract, increased 15 percent compared to the prior-year first quarterFully diluted, pro forma adjusted net income per share totaled $0.30MasterCraft unit volume grew 10 percent from the fiscal 2015 first quarter to 682 unitsFiscal 2016 first-quarter adjusted EBITDA increased 34 percent from the prior-year three months to $10.7 millionFiscal 2016... More