MasterCraft Boat Holdings Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
MCFT$19.85-3.2%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Operations
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| March 31, | April 2, | March 31, | April 2, | |
| (Dollar amounts in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| NET SALES | $95,708 | $166,776 | $299,406 | $495,480 |
| COST OF SALES | 77,360 | 124,178 | 240,493 | 368,682 |
| GROSS PROFIT | 18,348 | 42,598 | 58,913 | 126,798 |
| OPERATING EXPENSES: | ||||
| Selling and marketing | 3,924 | 3,927 | 10,538 | 10,748 |
| General and administrative | 9,978 | 9,156 | 27,446 | 26,874 |
| Amortization of other intangible assets | 450 | 489 | 1,362 | 1,467 |
| Total operating expenses | 14,352 | 13,572 | 39,346 | 39,089 |
| OPERATING INCOME | 3,996 | 29,026 | 19,567 | 87,709 |
| OTHER INCOME (EXPENSE): | ||||
| Interest expense | (762) | (695) | (2,494) | (1,923) |
| Interest income | 1,398 | 1,195 | 4,164 | 1,967 |
| INCOME BEFORE INCOME TAX EXPENSE | 4,632 | 29,526 | 21,237 | 87,753 |
| INCOME TAX EXPENSE | 806 | 6,744 | 4,408 | 20,353 |
| NET INCOME FROM CONTINUING OPERATIONS | 3,826 | 22,782 | 16,829 | 67,400 |
| LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX (Note 3) | (71) | (272) | (993) | (21,139) |
| NET INCOME | $3,755 | $22,510 | $15,836 | $46,261 |
| NET INCOME (LOSS) PER SHARE: | ||||
| Basic | ||||
| Continuing operations | $0.23 | $1.30 | $0.99 | $3.80 |
| Discontinued operations | (0.01) | (0.02) | (0.06) | (1.19) |
| Net income | $0.22 | $1.28 | $0.93 | $2.61 |
| Diluted | ||||
| Continuing operations | $0.23 | $1.28 | $0.98 | $3.78 |
| Discontinued operations | (0.01) | (0.01) | (0.05) | (1.19) |
| Net income | $0.22 | $1.27 | $0.93 | $2.59 |
| WEIGHTED AVERAGE SHARES USED FOR COMPUTATION OF: | ||||
| Basic earnings per share | 16,844,440 | 17,559,920 | 17,003,616 | 17,725,208 |
| Diluted earnings per share | 16,965,624 | 17,748,910 | 17,093,958 | 17,851,655 |
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