MCBC Holdings, parent of MasterCraft and NauticStar boats, reported sales of US$93.8m, up 60.4% compared to a year ago. The company had net income of US$11.4m compared to US$2.2m a year ago.
NauticStar, which increased sales by 42.0% or US$24.6m, was included in this year’s numbers but not last year’s. The remaining increase of 18.4%, or US$10.7m, was attributable to an increase in MasterCraft unit sales volume, favourable product mix and price increases.
“Retail activity continues to gain momentum and we remain comfortable with our inventory levels, despite the effect of unseasonably cold and rainy weather and its effect on boat deliveries,” said Terry McNew, president and CEO in a statement.
For full fiscal year-end June 30, 2018 guidance, MCBC Holdings now expects net sales growth to be in the low- to mid-40% range including nine months of NauticStar’s projected net sales. Adjusted EBITDA margins for MasterCraft, excluding NauticStar, are expected to grow to the mid-19% range from 19.0% in 2017. Adjusted EPS is expected to grow in the high 40% range.