MasterCraft Boat Holdings guided to net sales of $287 million to $291 million and adjusted earnings per share of $0.66 to $0.76 for its six-month transition period, with adjusted EBITDA of $29 million to $32 million and capital expenditures of approximately $9 million. The guidance reflects the combined company including Chaparral and Robalo, following the closing of that combination, and accompanies a change to a December fiscal year-end. Chief Executive Officer Bradley Nelson said retail market demand is expected to be down approximately 5% to 10% over the next six months, with particular weakness in the entry-level pontoon and runabout markets. For the fourth quarter, total company net sales were $348.9 million and adjusted EBITDA was $45.6 million, including $33.3 million of revenue and $1.8 million of adjusted EBITDA from the new Recreation and Sport Fishing segment during a six-week ownership window. The quarter produced a loss from continuing operations of $7 million, or $0.35 per diluted share, while consolidated adjusted net income was $13.5 million, or $0.67 per diluted share, and the company recorded a non-cash impairment charge of $10.1 million tied to certain Crest brand intangible assets in its Leisure segment. MasterCraft ended the year with $43.9 million in cash, no debt outstanding, and full availability under its $75 million revolving credit facility.
MasterCraft Boat Holdings, Inc.Q4 produced a $7M loss from continuing operations and a $10.1M non-cash impairment charge tied to Crest brand intangibles.
