It is hard to get excited after looking at MasterCraft Boat Holdings' (NASDAQ:MCFT) recent performance, when its stock...
Amidst a tough quarter, MasterCraft demonstrates resilience with strategic adjustments and a strong liquidity position.
Sport boat manufacturer MasterCraft (NASDAQ:MCFT) announced better-than-expected results in Q1 CY2024, with revenue down 42.6% year on year to $95.71 million. On the other hand, the company's full-year revenue guidance of $362.5 million at the midpoint came in 10.6% below analysts' estimates. It made a non-GAAP profit of $0.37 per share, down from its profit of $1.36 per share in the same quarter last year.