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MasterCraft Boat Holdings, Inc. - $MCFT STOCK NEWS

Welcome to our dedicated page for MasterCraft Boat Holdings news (Ticker: $MCFT), a resource for investors and traders seeking the latest updates and insights on MasterCraft Boat Holdings stock.

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Rhea-AI Summary
MasterCraft Boat Holdings, Inc. announces financial results for Q4 and FY 2023. Q4 net sales down 15.5% to $166.6 million, net income down 31.2% to $23.1 million. FY net sales up 3.2% to $662.0 million, net income up 2.9% to $90.5 million. Positive: Record operating cash flow. Negative: Retail sales slowed, dealer inventories high.
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End-of-Day
-12.82%
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Rhea-AI Summary
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will host a live webcast of its fiscal Q4 and full year 2023 earnings conference call on August 30, 2023, at 8:30 a.m. EDT. Participants can access the conference call via webcast or telephone. The Company will issue a pre-market earnings release prior to the call.
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1.35%
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conferences earnings
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6.51%
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buyback
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-0.29%
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-0.14%
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-1.11%
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0.04%
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Rhea-AI Summary
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) reported financial results for its fiscal 2023 third quarter. Net sales were $166.8 million, down 1.5% from the prior-year period. Net income from continuing operations was $22.8 million, down 6.3%. Diluted Adjusted Net Income per share was $1.36, equaling the prior-year period. Adjusted EBITDA was $33.0 million, down 5.8%. Record operating cash flow was achieved. The company refilled dealer inventories ahead of the summer selling season. Retail activity performed well. The outlook for the full year is positive, with expected net sales of approximately $656 million and Adjusted EBITDA of approximately $125 million.
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-4.05%
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1.37%
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conferences earnings
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Rhea-AI Sentiment
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1.51%
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conferences
MasterCraft Boat Holdings, Inc.

Nasdaq:MCFT

MCFT Rankings

MCFT Stock Data

348.62M
13.32M
3.58%
97.85%
4.2%
Boat Building
Manufacturing
Link
United States of America
VONORE

About MCFT

headquartered in vonore, tn, mastercraft boat company (mcbc holdings, inc. - nasdaq: mcft) is a world-renowned innovator, designer, manufacturer, and marketer of mastercraft brand premium performance sport boats. founded in 1968, mastercraft has cultivated its iconic brand image through a rich history of industry-leading innovation, and more than four decades after the original mastercraft made its debut the company's goal remains the same—to continue building the world's best ski, wakeboard and luxury performance powerboats. for more information, visit www.mastercraft.com.