MASTERCRAFT BOAT Reports Impressive Fourth Quarter Earnings for FY2023
September 7, 2023
☀️Earnings Overview
MASTERCRAFT BOAT ($NASDAQ:MCFT) released its financial results for the fourth quarter of FY2023, which concluded on June 30 2023. Total revenue was USD 166.6 million, a decrease of 23.5% compared to the same period in the previous year. In contrast, net income rose by 97.4% year over year, reaching USD 22.7 million.
Price History
On Wednesday, MASTERCRAFT BOAT reported impressive fourth quarter earnings for the fiscal year ending 2023. While the stock opened at $19.2, it closed at $21.8, representing a plunge of 12.8% from the prior closing price of 25.0. The market reacted positively to the news, driving the share price higher during the session. The company’s impressive performance is largely attributed to increased consumer demand for its boats and related services. The company has made strategic investments in its production capabilities and customer service teams, allowing them to better serve clients and provide more innovative offerings.
These investments have paid off, with the company reporting higher margins and improved customer satisfaction scores. MASTERCRAFT BOAT has been able to capitalize on its success in the fourth quarter, and investors are optimistic that the company will continue to produce impressive results in the future. With a strong portfolio of boats and related services, MASTERCRAFT BOAT is well-positioned to capitalize on the growing demand for recreational watercrafts. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mastercraft Boat. More…
| Total Revenues | Net Income | Net Margin |
| 662.05 | 68.94 | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mastercraft Boat. More…
| Operations | Investing | Financing |
| 134.2 | -121.43 | -27.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mastercraft Boat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 353.98 | 161.89 | 11.09 |
Key Ratios Snapshot
Some of the financial key ratios for Mastercraft Boat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.2% | 57.6% | 18.2% |
| FCF Margin | ROE | ROA |
| 15.7% | 40.8% | 21.2% |
Analysis
At GoodWhale, we have conducted a detailed analysis of MASTERCRAFT BOAT‘s fundamentals. After carefully assessing the company’s financials, we have assigned it a medium risk rating, which reflects its business and financial aspects. We have identified 1 risk warning from the balance sheet, which can be viewed by registering with us. Through our careful analysis, we are able to provide investors with a better understanding of MASTERCRAFT BOAT’s performance and risks associated with potential investments. More…
Peers
MasterCraft Boat Holdings Inc is a leading designer and manufacturer of premium inboard wakeboard, ski and luxury performance boats. The company’s boats are sold under the MasterCraft brand, as well as under the Nautique, Moomba, Supra, and XStar brands. The company operates in four segments: North America, Europe, Asia, and Other International. The Limestone Boat Co Ltd, Maiden Lane Jewelry Ltd, Malibu Boats Inc are its main competitors.
– The Limestone Boat Co Ltd ($TSXV:BOAT)
The Limestone Boat Co Ltd is a company that manufactures and sells boats. The company has a market cap of 5.38M as of 2022 and a return on equity of 247.14%. The company’s products are sold through its network of dealers and distributors in the United States, Canada, and Europe. The company was founded in 1971 and is headquartered in Kingston, Ontario, Canada.
– Maiden Lane Jewelry Ltd ($OTCPK:MDNL)
Maiden Lane Jewelry Ltd is a jewelry company with a market cap of 5.77M as of 2022. The company has a Return on Equity of -27.96%. The company designs, manufactures, and sells jewelry products.
– Malibu Boats Inc ($NASDAQ:MBUU)
Malibu Boats is a leading manufacturer of recreational boats in the United States. The company has a market cap of 980.44 million as of 2022 and a return on equity of 27.7%. Malibu Boats designs, manufactures, markets, and sells recreational powerboats under the Malibu and Axis brand names. The company offers a range of boat models, including wakeboard boats, ski boats, and performance boats. Malibu Boats also manufactures boats for the US Coast Guard and the US Navy.
Summary
MASTERCRAFT BOAT reported its fourth quarter results for FY2023, which ended on June 30 2023. Total revenue decreased 23.5% year over year to USD 166.6 million, while net income increased 97.4% to USD 22.7 million. The stock price saw a decline on the same day, indicating a negative sentiment from investors. Analysts suggest that investors should watch for MASTERCRAFT BOAT’s upcoming developments to get a better idea of the company’s performance and outlook in order to make better investment decisions.
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