MasterCraft Boat Holdings, Inc. (MCFT) Q1 2025 Earnings Call Transcript Summary
MasterCraft Boat Holdings, Inc. (MCFT) Q1 2025 Earnings Call Transcript Summary
Operating expenses were reduced to $10.8 million from $11.9 million, reflecting controlled discretionary spending.The following is a summary of the MasterCraft Boat Holdings, Inc. (MCFT) Q1 2025 Earnings Call Transcript:
以下是MasterCraft Boat Holdings, Inc.（MCFT）2025年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Net sales for Q1 were $65 million, down 31% from last year primarily due to lower volumes and unfavorable model mix.
Gross margin for the quarter was 18.1%, a decrease from 23.8% year-over-year, attributed to lower cost absorption and higher dealer incentives.
Operating expenses were reduced to $10.8 million from $11.9 million, reflecting controlled discretionary spending.
Adjusted income for the quarter stood at $1.9 million or $0.12 per diluted share, compared to $10.3 million or $0.60 in the previous year.
Adjusted EBITDA was $3.8 million, down from $14 million in the prior year, with an EBITDA margin of 5.9%.
第一季度的淨銷售額爲6500萬美元，比去年下降了31％，這主要是由於銷量減少和車型組合不利。
該季度的毛利率爲18.1％，低於同比的23.8％，這歸因於成本吸收的降低和經銷商激勵措施的增加。
運營支出從1190萬美元減少到1,080萬美元，這反映了可控的全權支出。
本季度調整後收益爲190萬美元，攤薄每股收益爲0.12美元，而去年同期爲1,030萬美元，合0.60美元。
調整後的息稅折舊攤銷前利潤爲380萬美元，低於去年的1,400萬美元，息稅折舊攤銷前利潤率爲5.9％。
Business Progress:
業務進展：
Successfully reduced dealer inventory levels more than anticipated, removing nearly 500 units across MasterCraft and Crest brands.
Anticipate ramping up production in the second half of the fiscal year to meet seasonal demand.
MasterCraft's new Model Year 25 products, including the XStar, have been well received with positive initial retail reactions.
Merritt Island facility's sale expected to close by the end of the fiscal second quarter, enhancing financial flexibility.
成功降低了經銷商的庫存水平，使MasterCraft和Crest品牌的庫存水平減少了近500台。
預計將在本財年下半年提高產量，以滿足季節性需求。
MasterCraft的25年新款產品，包括xStar，受到了好評，最初的零售反響良好。
梅里特島設施的出售預計將在第二財季末完成，從而提高了財務靈活性。
Opportunities:
機會：
Lower short-term interest rates beneficially impact dealer finance costs, potentially boosting buyer motivation.
Promising Q1 internal retail results exceeding expectations provide a positive outlook for sustained retail performance.
Recent dealer meetings injected renewed enthusiasm and strategic alignment, likely to bolster market positioning.
較低的短期利率對交易商的融資成本產生有利影響，有可能提高買家的動力。
令人鼓舞的第一季度內部零售業績超出預期，爲持續的零售業績提供了樂觀的前景。
最近的經銷商會議注入了新的熱情和戰略一致性，可能會鞏固市場定位。
Risks:
風險：
Cautious wholesale planning in an unstable market with cautious dealer ordering anticipated through the off-peak season.
Continued high promotional activity expected to persist in the industry affecting pricing and margins in the near term.
在不穩定的市場中制定謹慎的批發計劃，預計經銷商將在淡季期間進行謹慎的訂購。
預計該行業將繼續保持高水平的促銷活動，在短期內影響定價和利潤率。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。無法完全保證內容的準確性。欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
