MCBC Holdings reports Q2 sales MCBC Holdings, parent of MasterCraft and NauticStar, today reported sales of US$78.4m for its second quarter ended December 31, 2017, up 53.4% compared to the same period a year ago. Net income was US$8.0m for the quarter, up US$4.0m compared to a year ago.
“Top-line sales grew significantly in the second quarter, driven by double-digit gains on the MasterCraft side and the addition of NauticStar,” said Terry McNew, MCBC CEO, in a statement. “As we further integrate NauticStar, we expect to realise additional efficiencies which will favourably impact margins.”
The inclusion of NauticStar increased net sales by 39.5%, or US$20.2m for the quarter, while MasterCraft’s increase in unit sales pushed sales an additional 13.9%, or US$7.1m, for the quarter.
“We continue to see solid retail activity and are comfortable with our current inventory levels, because our dealer inventory turns are continuing to improve year-over-year,” said McNew “We remain optimistic about the second half of fiscal 2018.”
The company expects net sales growth in the high 30% range for the year, with top-line growth for both brands in the high-single to low-double digit range.
For its next quarter, MCBC expects net sales gains to be in the low 50% range, with the adjusted EBITDA margin to be above 17%.