Improved Financial Performance
Q1 net sales increased by $3.6 million or 6% year-over-year, and adjusted EBITDA rose nearly $3 million with a margin improvement of 380 basis points.
Channel Inventory Improvement
Pipeline inventory levels improved by 27% year-over-year, indicating a balanced approach to dealer health and focus on sustainable growth.
Successful Product Launches
Launch of the all-new X24 model, part of the X family, received strong dealer and consumer responses, reinforcing MasterCraft's position in the premium ski-wake segment.
Strong Financial Position
Ended the quarter with $67.3 million in cash and short-term investments, no debt, and ample liquidity.
Raised Earnings Guidance
Full year guidance for adjusted EPS was raised, with expectations for consolidated net sales between $295 million and $310 million.