Latest news with #BradNelson
Yahoo
4 days ago
- Business
- Yahoo
Bemidji Sons of Norway wins membership award
May 31—BEMIDJI — Bemidji Sons of Norway Lodge 500 recently won an award for gaining the most members in 2024 out of 70 lodges in District One. District One encompasses Minnesota, Iowa, South Dakota, Nebraska, Kansas, Oklahoma, Louisiana, Arkansas, Missouri and Texas. Sons of Norway Zone Three Director Susan Roland presented the $900 award to Bemidji Lodge President Brad Nelson at the annual Syttende Mai celebration at Concordia Language Villages.
Yahoo
07-05-2025
- Business
- Yahoo
MasterCraft (NASDAQ:MCFT) Beats Q1 Sales Targets But Full-Year Sales Guidance Misses Expectations Significantly
Sport boat manufacturer MasterCraft (NASDAQ:MCFT) reported revenue ahead of Wall Street's expectations in Q1 CY2025, but sales fell by 20.6% year on year to $75.96 million. On the other hand, the company's full-year revenue guidance of $275 million at the midpoint came in 3.7% below analysts' estimates. Its non-GAAP profit of $0.30 per share was 70.5% above analysts' consensus estimates. Is now the time to buy MasterCraft? Find out in our full research report. MasterCraft (MCFT) Q1 CY2025 Highlights: Revenue: $75.96 million vs analyst estimates of $74.92 million (20.6% year-on-year decline, 1.4% beat) Adjusted EPS: $0.30 vs analyst estimates of $0.18 (70.5% beat) Adjusted EBITDA: $7.49 million vs analyst estimates of $5.1 million (9.9% margin, 46.8% beat) The company dropped its revenue guidance for the full year to $275 million at the midpoint from $285 million, a 3.5% decrease Management lowered its full-year Adjusted EPS guidance to $0.71 at the midpoint, a 5.3% decrease EBITDA guidance for the full year is $20 million at the midpoint, below analyst estimates of $21.1 million Operating Margin: 5.4%, up from 4.2% in the same quarter last year Free Cash Flow was $6.68 million, up from -$3.00 million in the same quarter last year Boats Sold: 619, down 186 year on year Market Capitalization: $264.4 million Brad Nelson, Chief Executive Officer, commented, 'Our business performed well during the third quarter against a backdrop of macroeconomic and demand uncertainty. Our near-term focus continues to be centered around closely managing production levels, driving focused innovation, and delivering operating efficiencies – all while maximizing cash flow and aggressively managing costs.' Company Overview Started by a waterskiing instructor, MasterCraft (NASDAQ:MCFT) specializes in designing, manufacturing, and selling sport boats. Sales Growth A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. MasterCraft struggled to consistently generate demand over the last five years as its sales dropped at a 9% annual rate. This was below our standards and is a sign of lacking business quality. MasterCraft Quarterly Revenue Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. MasterCraft's recent performance shows its demand remained suppressed as its revenue has declined by 37.4% annually over the last two years. MasterCraft Year-On-Year Revenue Growth MasterCraft also discloses its number of boats sold, which reached 619 in the latest quarter. Over the last two years, MasterCraft's boats sold averaged 40.8% year-on-year declines. Because this number is lower than its revenue growth during the same period, we can see the company's monetization has risen.
Yahoo
24-04-2025
- Business
- Yahoo
MasterCraft Boat Holdings, Inc. to Webcast Fiscal Third Quarter 2025 Earnings Conference Call Wednesday, May 7, 2025
Live webcast at 8:30 a.m. EDT VONORE, Tenn., April 23, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the 'Company') will host a live webcast of its fiscal third quarter 2025 earnings conference call on Wednesday, May 7, 2025, at 8:30 a.m. EDT. Brad Nelson, Chief Executive Officer, Tim Oxley, Chief Financial Officer, and Scott Kent, Vice President of Finance and Incoming Chief Financial Officer, will discuss the Company's financial results. The Company will issue a pre-market earnings release prior to the call on May 7, 2025. Participants may access the conference call live via webcast on the investor section of the Company's website, on the day of the conference call by clicking on the webcast icon. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the conference call and webcast will be archived on the Company's website. About MasterCraft Boat Holdings, in Vonore, Tenn., MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) is a leading innovator, designer, manufacturer and marketer of recreational powerboats through its three brands, MasterCraft, Crest, and Balise. For more information about MasterCraft Boat Holdings, and its three brands, visit: and Investor Contact:MasterCraft Boat Holdings, ZelenakManager of Treasury & Investor RelationsEmail: investorrelations@ in to access your portfolio
