MasterCraft Boat Holdings, Inc. Reports Fourth Quarter and Fiscal 2020 Results
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MasterCraft (MCFT) Tops Q4 EPS by 16c, Revenues Beat
September 9, 2020 7:33 AM EDTMasterCraft (NASDAQ: MCFT) reported Q4 EPS of ($0.10), $0.16 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $51.09 million versus the consensus estimate of $36.82 million.
Fourth Quarter Highlights:
Ended the year with stronger than anticipated retail demand across all brands and dealer inventories 40 percent to 50 percent lower vs. end of fiscal 2019.Safely resumed all manufacturing operations, but production and sales heavily impacted by COVID-19 shutdowns.Repaid $25.0 million on revolving credit facility and ended the quarter with strong liquidity position.Net sales for the fourth quarter decreased to... More