MasterCraft’s sales rebound, but acquisition costs weigh on reported earnings
MasterCraft Boat Holdings ($MCFT) reported fiscal-year sales of $348.9 million, up 22.8%, with growth of 11% excluding the acquired Marine Products business. Adjusted EBITDA increased to $45.6 million from $24.4 million. However, continuing operations recorded a $1.6 million net loss as acquisition-related expenses and an impairment charge offset the improvement in adjusted operating performance. The company’s next outlook covers a six-month transition period because it is changing its fiscal ye
0