MasterCraft (MCFT) Tops Q2 EPS by 3c

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MasterCraft Reports Fiscal 2016 Second-Quarter Results

February 4, 2016 4:07 PM EST

VONORE, Tenn., Feb. 04, 2016 (GLOBE NEWSWIRE) -- MasterCraft (NASDAQ: MCFT) today announced financial results for its fiscal 2016 second quarter, ended December 27, 2015.

Highlights:

Net sales, excluding the terminated Hydra-Sports manufacturing contract, increased 12.2 percent versus the year-earlier periodTotal second-quarter net sales rose 4.5 percent over the prior-year second quarter to $55.2 millionFully diluted, pro forma, adjusted net income per share increased 57.1 percent to $0.33Fiscal 2016 second-quarter adjusted EBITDA increased 31.3 percent to $10.5 million compared to $8.0 million for the year-earlier periodGross margin increased to 27.8 percent, a 380 basis point improvement versus the year-earlier... More