MasterCraft Boat Holdings, Inc. Updates Guidance for Fiscal First Quarter 2022
MasterCraft now expects fiscal first quarter 2022 consolidated net sales growth to be up approaching the 30 percent range, compared to the prior estimate of up in the mid-30 percent range; Adjusted EBITDA margins to be in the mid-11 percent range, compared to the prior estimate in the low-14 percent range; and Adjusted Earnings per share for the first quarter to decrease in the low-double digit percent range year-over-year, compared to the prior estimate of growth up in the low-20 percent range.
“While we are experiencing a temporary delay in customer deliveries, importantly, our production starts have not been impacted, resulting in a build up of work in process inventory,” said
The Company is today reaffirming its guidance for full year fiscal 2022. As previously announced on
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Forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to: the potential effects of the coronavirus (COVID-19) pandemic on the Company, supply chain disruptions, general economic conditions, demand for our products, changes in consumer preferences, competition within our industry, our reliance on our network of independent dealers, our ability to manage our manufacturing levels and our large fixed cost base, changes to
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Chief Revenue Officer
Source: MasterCraft Boat Holdings, Inc.