What's Going On With MasterCraft Shares Today?

MasterCraft Boat Holdings, Inc. MCFT shares are trading higher today after the company reported better-than-expected second-quarter adjusted EPS and sales results.

What to Know: On Wednesday, MasterCraft reported its earnings for the second-quarter ending January 1st, 2023. The company reported its ninth consecutive year-over-year record-setting quarter, beating analyst expectations for both earnings and sales.

The company reported that net sales for the second quarter increased to $159.2 million, beating the consensus estimate of $150.66 million by 5.54%. Additionally, MasterCraft announced an earnings per share result of $1.20, an earning surprise of 17.65%, beating the consensus estimate of $1.01 per share.

Fred Brightbill, CEO and Chairman noted, “Our diligent approach to business planning and our best-in-class operating model have allowed us to operate efficiently and have provided us with the confidence and agility to respond to a range of potential retail demand scenarios.”

MasterCraft Boat Holdings designs, manufactures, and markets performance sport boats and outboard boats. The company is based in the United States and operates in three brand-specific segments: MasterCraft, NauticStar, and Crest.

According to data from Benzinga Pro, MasterCraft Boat Holding shares were up 9.25%, trading at $34.15 at the time of publication. It has a 52-week high of 34.25 and a 52-week low of $31.65.