MCFT - MasterCraft Boat Non-GAAP EPS of $1.38 beats by $0.34 revenue of $166.8M beats by $8.43M

2023-05-10 07:48:07 ET

• MasterCraft Boat press release ( NASDAQ: MCFT ): Q3 Non-GAAP EPS of $1.38 beats by $0.34 .
• Revenue of $166.8M (-10.7% Y/Y) beats by $8.43M .
• Adjusted EBITDA, a non-GAAP measure, was $33.0 million, down 5.8% from the prior-year period
• Record operating cash flow due to strong earnings and diligent working capital management
• Share repurchases of $7.0 million during the quarter
• For full year fiscal 2023, consolidated net sales is now expected to be approximately $656 million, vs $632.52M Consensus
• with Adjusted EBITDA of approximately $125 million, and Adjusted Earnings per share of approximately $5.05. vs $4.56 Consensus
• Company continue to expect capital expenditures to be approximately $30 million for the full year.

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