MasterCraft Boat Holdings, Inc. Reports Fiscal 2019 Third Quarter Results
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MasterCraft (MCFT) Tops Q3 EPS by 11c, Revenues Beat
May 9, 2019 7:16 AM EDTMasterCraft (NASDAQ: MCFT) reported Q3 EPS of $0.78, $0.11 better than the analyst estimate of $0.67. Revenue for the quarter came in at $128.4 million versus the consensus estimate of $122.72 million.
Fiscal third quarter results include financial results from the Crest acquisition that closed on October 1, 2018.Net sales for the third quarter increased to $128.4 million, up 36.9 percent from $93.8 million in the prior-year period.Third quarter gross profit rose to $31.4 million, up 28.6 percent from $24.4 million in the prior-year period.Net income totaled $12.8 million for the fiscal 2019 third quarter, a gain of $1.3 million, or 11.4... More