MasterCraft Boat sees FY24 adjusted EPS $1.53-$1.78, consensus $1.70

Sees FY24 sales $400M-$412M, consensus $414.44M. Looking forward, MasterCraft Boat is narrowing its guidance range for the full year. Consolidated net sales is now expected to be between $400 million and $412 million, with Adjusted EBITDA between $42 million and $47 million, and Adjusted Earnings per share between $1.53 and $1.78. Fred Brightbill, Chief Executive Officer and Chairman, commented, “Views regarding the economic outlook remain mixed and uncertain, which is limiting retail demand visibility. The retail environment has become increasingly competitive as industry participants react to lower demand and higher inventory levels. The resulting increase in promotional activity will likely pressure margins across the industry. We continue to monitor retail results, assess the overall business and economic environment, and accordingly adjust our production and shipment plan. We expect to have a clearer picture of retail demand as we progress through the third and fourth quarters.”