MasterCraft Boat Holdings, Inc. Reports Fiscal 2019 First Quarter Results
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MasterCraft (MCFT) Tops Q1 EPS by 4c, Revenues Beat
November 8, 2018 4:57 PM ESTMasterCraft (NASDAQ: MCFT) reported Q1 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter came in at $93.6 million versus the consensus estimate of $91.15 million.
Net sales for the first quarter increased to $93.6 million, up 44.0 percent from $65.0 million in the prior-year period due to continued strong performance at MasterCraft and the inclusion of NauticStar.Gross profit for the first quarter increased to $23.2 million, up 27.7 percent from $18.2 million in the prior-year period.First quarter gross margin decreased 310 basis points to 24.8 percent, from 27.9 percent in the prior-year period,... More