MasterCraft (MCFT) Tops Q3 EPS by 3c
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MasterCraft Reports Fiscal 2016 Third-Quarter Results
May 5, 2016 4:11 PM EDTContinued Demand for Performance Sport Boats and Market Share Gains Drive 12 Percent Increase in MasterCraft Sales, 35 Percent Increase in Adjusted EBITDA and 82 Percent Increase in Fully Diluted, Pro Forma, Adjusted Net Income per Share
VONORE, Tenn., May 05, 2016 (GLOBE NEWSWIRE) -- MasterCraft (NASDAQ: MCFT) today announced financial results for its fiscal 2016 third quarter, ended March 27, 2016.
Highlights:
Net sales were $57.0 million, an increase of 11.6 percent versus the year-earlier period excluding the terminated Hydra-Sports manufacturing contractTotal third-quarter net sales rose 5.1 percent versus prior-year third... More