MasterCraft (MCFT) Tops Q1 EPS by 2c

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MasterCraft Reports Fiscal 2017 First-Quarter Results

November 10, 2016 4:05 PM EST

VONORE, Tenn., Nov. 10, 2016 (GLOBE NEWSWIRE) -- MasterCraft (NASDAQ: MCFT) today announced financial results for its fiscal 2017 first quarter ended October 2, 2016.

Highlights:

Net sales increased 8.4 percent compared to the prior-year first quarterGross margin rose to 29.3 percent, a 100-basis-point improvement over the prior-year first quarterNet income totaled $7.0 million, up from a net loss of $1.3 million in the prior-year periodDiluted earnings per share grew to $0.38 for the first quarter, up from a loss per share of $0.08 a year earlierFully diluted pro forma Adjusted... More