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Stock impact report

MasterCraft Boat Holdings, Inc. Reports Fiscal 2024 Results

MasterCraft Boat Holdings, Inc. (MCFT) 
Last mastercraft boat holdings, inc. earnings: 2/5 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investors.mastercraft.com/node/5806
Company Research Source: GlobeNewswire
VONORE, Tenn., Aug. 29, 2024 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) today announced financial results for its fiscal 2024 fourth quarter and year ended June 30, 2024. Subsequent to June 30, 2024, we agreed to transfer rights to our Aviara brand of luxury dayboats and related assets to a third party. The transaction is subject to customary closing conditions, and is expected to close in the first quarter of fiscal 2025. We intend to classify Aviara as discontinued operations beginning in the first quarter of fiscal 2025. The overview, commentary, and results provided herein relate to our continuing operations. Fourth Quarter Overview: Net sales for the fourth quarter were $67.2 million, down 59.7% from the prior-year periodNon-cash impairment charges of $9.8 million related to our Aviara segmentNet loss from continuing operations was ($8.1) million, or ($0.49) per diluted shareDiluted Adjusted Net Income (Loss) per share, a non-GAAP measure, wa Show less Read more
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