MASTERCRAFT BOAT Reports Strong Q4 Earnings for FY2023
September 2, 2023
☀️Earnings Overview
On August 30 2023, MASTERCRAFT BOAT ($NASDAQ:MCFT) released their earnings results for the fourth quarter of their fiscal year 2023, ending June 30 2023. Revenue for the quarter amounted to USD 166.6 million, a 23.5% decrease from the same period of the previous fiscal year. In contrast, net income rose 97.4% to 22.7 million year over year.
Price History
On Wednesday, MASTERCRAFT BOAT reported strong fourth quarter earnings for the fiscal year of 2023. MASTERCRAFT BOAT’s strong Q4 earnings show that the company is performing well in terms of profitability and growth. This indicates that the company is becoming more efficient and is successfully managing its cost structure.
This in turn is contributing to higher profitability and will likely contribute to MASTERCRAFT BOAT’s continued success. Investors should feel confident in the company’s ability to generate returns and increase value over the long term. 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
GoodWhale is proud to provide an analysis of MASTERCRAFT BOAT‘s financials. According to our Risk Rating system, MASTERCRAFT BOAT is classified as a medium risk investment in terms of financial and business aspects. While this is not necessarily a bad classification, GoodWhale recommends that investors perform additional due diligence before making any decisions. Additionally, GoodWhale has detected one risk warning in the company’s balance sheet. For more detailed information about this risk warning, we suggest becoming a registered user of GoodWhale and reviewing the detailed report. 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 their earnings results for FY2023 Q4, ending on June 30 2023, on August 30 2023. Total revenue was USD 166.6 million, a 23.5% decrease compared to the same period last year.
However, net income was USD 22.7 million, a 97.4% increase year-over-year. This impressive profitability led to a stock price drop on the same day. As such, investors are advised to examine the company’s long-term financial prospects before investing. Factors to consider include the company’s ability to diversify its revenue streams and maintain profitable operations in spite of declining revenue.
Additionally, investors should track the company’s measures to reduce costs and optimize efficiency. With the right combination of strategy and financial fortitude, MASTERCRAFT BOAT may prove a wise long-term investment.
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