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MasterCraft Delivers Third Consecutive Record Quarter

MasterCraft Delivers Third Consecutive Record Quarter Author: reported record results, with its fiscal Q3 delivering the most profitable quarter in company history. Net sales were up 44 percent to an all-time high of $147.9 million, from $102.6 million for the quarter in the previous year. Driven by robust sales volumes, higher prices and a relative lack of dealer incentives due to strong demand, MasterCraft said gross profit for the quarter surged 75 percent to $37.2 million, compared with $21.3 million for third quarter a year prior. Moving Aviara production to Merritt Island opened up capacity at the MasterCraft facility. MasterCraft also reported a 122 percent jump in adjusted net income to $19.1 million ($1.01 per diluted share), up from $8.6 million ($0.46 per diluted share) in the prior-year period.

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