MasterCraft Boat reports Q2 adjusted EPS 10c, consensus (1c)

Reports Q2 revenue $63.4M, consensus $60.79M. Brad Nelson, CEO, commented, “Our business executed well during our fiscal second quarter by delivering results above expectations despite macroeconomic and retail environment headwinds. Early boat show season results have been encouraging, especially with strong demand for our new ultra-premium XStar lineup which has provided positive momentum as we near the summer selling season. We maintain a disciplined approach to capital allocation. During the quarter, we generated $13.9 million of cash flow from continuing operations despite low cycle production volumes. Our strong balance sheet provides us with the financial flexibility to pursue our strategic growth initiatives while we continue to return capital to shareholders through our share repurchase program.”