MasterCraft Net Sales Down 42.6% in Q3
May 9, 2024
Revenues were down $71.1 million year-over-year, due to lower unit volume and increased dealer incentives.
Revenues were down $71.1 million year-over-year, due to lower unit volume and increased dealer incentives.
Brad Nelson replaces CEO Fred Brightbill, who is retiring, and Roch Lambert will be chairman of the board.
Net sales were down37.5% from the prior-year quarter, “due to lower unit volume and an increase in dealer incentives.”
Net sales, adjusted EBITDA and diluted adjusted net income per share all declined during the first quarter of fiscal 2024.
Net sales for the quarter were $166.8 million, a 1.5% decline from the prior-year period.
The company said in its Q4 earnings report that organic sales and market-share growth lifted profit for its fiscal year, but the new year may bring a slightly lower result.
Champion wakeboarder Nick Davies will manage business development for the company’s European and Middle Eastern markets.
Net sales for the quarter were up 39 percent to $144 million, as the company also set records for net income and other measurables.
The company delivered a stellar Q4 and its most profitable fiscal year in history.
Net sales, gross profit and net income all saw significant jumps in the third quarter, and the builder raised its fiscal-year outlook.
Revenues were down $71.1 million year-over-year, due to lower unit volume and increased dealer incentives.
Brad Nelson replaces CEO Fred Brightbill, who is retiring, and Roch Lambert will be chairman of the board.
Net sales were down37.5% from the prior-year quarter, “due to lower unit volume and an increase in dealer incentives.”
Net sales, adjusted EBITDA and diluted adjusted net income per share all declined during the first quarter of fiscal 2024.
Net sales for the quarter were $166.8 million, a 1.5% decline from the prior-year period.
The company said in its Q4 earnings report that organic sales and market-share growth lifted profit for its fiscal year, but the new year may bring a slightly lower result.
Champion wakeboarder Nick Davies will manage business development for the company’s European and Middle Eastern markets.
Net sales for the quarter were up 39 percent to $144 million, as the company also set records for net income and other measurables.
The company delivered a stellar Q4 and its most profitable fiscal year in history.
Net sales, gross profit and net income all saw significant jumps in the third quarter, and the builder raised its fiscal-year outlook.
