MasterCraft Boat Holdings, Inc. Reports Fourth Quarter and Fiscal 2019 Results
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MasterCraft (MCFT) Tops Q4 EPS by 4c, Revenues Miss
September 12, 2019 8:03 AM EDTMasterCraft (NASDAQ: MCFT) reported Q4 EPS of $0.85, $0.04 better than the analyst estimate of $0.81. Revenue for the quarter came in at $122.8 million versus the consensus estimate of $126.21 million.
Fourth Quarter Highlights:
Net sales increased to $122.8 million, up 28.7 percent from $95.4 million in the prior-year period.GAAP diluted earnings (loss) per share were $(0.54), including a $31.0 million, or $(1.65) per share, goodwill and other intangible asset impairment charge related to NauticStar (the NauticStar Charge).Fully diluted Adjusted Net Income per share, a non-GAAP measure, grew $0.17, or 25.0 percent, to $0.85, up from $0.68 in the prior-year period.Adjusted... More