MasterCraft Boat Holdings, Inc. Reports Record Earnings for Fiscal 2021 Second Quarter
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MasterCraft (MCFT) Tops Q2 EPS by 24c, Revenues Beat
February 10, 2021 7:37 AM ESTMasterCraft (NASDAQ: MCFT) reported Q2 EPS of $0.75, $0.24 better than the analyst estimate of $0.51. Revenue for the quarter came in at $118.7 million versus the consensus estimate of $115.04 million.
Highlights:
Most profitable second quarter in the Companys historyNet sales increased to $118.7 million, up 19 percent from $99.6 million in the prior-year periodGross margin expanded by 340 basis points to 24.7%Net income was $12.5 million or $0.66 per diluted share, a 78 percent increase from $0.37 in the prior-year periodDiluted Adjusted Net Income per share, a non-GAAP measure, was $0.75, a 74 percent increase from $0.43 in the prior-year... More