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MasterCraft Boat Holdings Inc (MCFT)
NASDAQ:MCFT
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
>-$0.01Last Year’s EPS
$0.37Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 4.37%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong retail performance and successful inventory management, enhancing financial flexibility. However, significant declines in net sales, gross margin, and adjusted EBITDA indicate challenges remain. The raised guidance suggests cautious optimism for future quarters.Company Guidance
In the fiscal first quarter of 2025, MasterCraft Boat Holdings reported net sales of $65 million, representing a 31% decrease from the prior year due to reduced volumes and an unfavorable model mix. Despite these challenges, the company achieved an adjusted EBITDA of $3.8 million and ended the quarter with nearly $83 million in cash and short-term investments, showcasing strong financial stability. Dealer inventory levels were significantly reduced by nearly 500 units, improving inventory turns to pre-pandemic levels and positioning the company well for the rest of the fiscal year. The company's guidance for fiscal 2025 was adjusted upwards, with consolidated sales expected between $270 million and $300 million, adjusted EBITDA between $17 million and $26 million, and adjusted earnings per share ranging from $0.55 to $0.95.Successful Inventory Reduction
Dealer inventory levels were reduced by nearly 500 units for MasterCraft and Crest brands during the quarter, well ahead of schedule. Over the past 12 months, over 1,000 units were removed from inventory.
Positive Retail Performance
Retail results were better than expected, with sales up year-over-year for all boat brands.
Strong Cash Position
The company ended the quarter with nearly $83 million in cash and short-term investments, with no net debt.
Raising Guidance
The lower end of the full-year guidance for fiscal 2025 was raised, reflecting improved performance.
Aviara Transaction Progress
The branding component of the Aviara transaction successfully closed, with expectations for the sale of the Merritt Island facility to close at $26.5 million in the fiscal second quarter.
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MCFT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MCFT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $17.63 | $22.03 | +24.96% |
| Aug 29, 2024 | $19.86 | $18.66 | -6.04% |
| May 08, 2024 | $20.08 | $19.79 | -1.44% |
| Feb 07, 2024 | $20.13 | $20.59 | +2.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MasterCraft Boat Holdings Inc (MCFT) report earnings?
MasterCraft Boat Holdings Inc (MCFT) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is MasterCraft Boat Holdings Inc (MCFT) earnings time?
MasterCraft Boat Holdings Inc (MCFT) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCFT EPS forecast?
MCFT EPS forecast for the fiscal quarter 2025 (Q2) is >-$0.01.
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