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MasterCraft has strong second quarter

Net sales at MasterCraft Boat Company’s parent company, MCBC Holdings Inc., rose 53.4 percent to $78.4 million in the second quarter, with gains attributed to the inclusion of NauticStar, which increased net sales by 39.5 percent, or $20.2 million.

The remaining increase of 13.9 percent, or $7.1 million, was attributable to an increase in MasterCraft unit sales volume, favorable product mix and price increases.

Gross margin decreased 250 basis points to 25.4 percent, from 27.9 in the second quarter of fiscal 2017 as MasterCraft’s standalone margin increase was offset by the inclusion of NauticStar. Year-to-date gross margin decreased 210 basis points.

Gross profit increased $5.6 million, or 39.5 percent, to $19.9 million compared to $14.3 million for the prior-year second quarter. The inclusion of NauticStar contributed $3.5 million to gross profit.

Growth in MasterCraft unit sales volume, a favorable product mix and price increases, offset by higher material and shipping costs, accounted for the remaining increase.

Gross margin decreased to 25.4 percent for the second quarter ended December 31, 2017, compared to 27.9 percent for fiscal 2017 second quarter. The decrease was primarily due to the inclusion of NauticStar’s gross margin which is in the high teens.

“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 MasterCraft CEO Terry McNew in a statement. “We remain optimistic about the second half of fiscal 2018 and we’re diligently working with our strong dealer network to maximize their opportunities moving forward.”


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