MasterCraft Boat Holdings, Inc. Reports Record Earnings for Fiscal 2021 First Quarter

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Go back to MasterCraft Boat Holdings, Inc. Reports Record Earnings for Fiscal 2021 First Quarter

MasterCraft (MCFT) Tops Q1 EPS by 25c, Revenues Beat

November 11, 2020 7:33 AM EST

MasterCraft (NASDAQ: MCFT) reported Q1 EPS of $0.58, $0.25 better than the analyst estimate of $0.33. Revenue for the quarter came in at $103.7 million versus the consensus estimate of $96.17 million.

Highlights:

Most profitable first quarter in the Companys historyPurchase of Merritt Island, Florida facility completed on October 26, 2020, increasing production capacity for the MasterCraft and Aviara brandsNet sales for the first quarter decreased to $103.7 million, down 5.5 percent from $109.8 million in the prior-year periodNet income was $9.6 million or $0.51 per diluted share, a 10.9 percent increase from $0.46 in the prior-year periodDiluted Adjusted... More