Company: MCFT
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015130
Chunk: 13

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 2
Chunk 13
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•The Non-GAAP measures do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments;

•The Non-GAAP measures do not reflect changes in, or cash requirements for, our working capital needs;

•Certain Non-GAAP measures do not reflect our tax expense or any cash requirements to pay income taxes;

•Certain Non-GAAP measures do not reflect interest expense, or the cash requirements necessary to service interest payments on our indebtedness; and

•The Non-GAAP measures do not reflect the impact of earnings or charges resulting from matters we do not consider to be indicative of our core and/or ongoing operations, but may nonetheless have a material impact on our results of operations.

In addition, because not all companies use identical calculations, our presentation of the Non-GAAP Measures may not be comparable to similarly titled measures of other companies, including companies in our industry.

22

The following table presents a reconciliation of income from continuing operations as determined in accordance with U.S. GAAP to EBITDA, and Adjusted EBITDA, and income from continuing operations margin (expressed as a percentage of net sales) to EBITDA margin and Adjusted EBITDA margin (each expressed as a percentage of net sales) for the periods indicated:

    Three Months Ended
     
    Six Months Ended

    December 29,

    % of Net
     
    December 31,

    % of Net
     
    December 29,

    % of Net
     
    December 31,

    % of Net

    (Dollar amounts in thousands)
     
    2024

    sales
     
    2023

    sales
     
    2024

    sales
     
    2023

    sales

    Income from continuing operations
     
    $
    426

    0.7%
     
    $
    8,680

    9.7%
     
    $
    1,442

    1.1%
     
    $
    17,211

    9.4%

    Income tax expense

    275

    2,644

    468

    5,139

    Interest expense

    182

    854

    1,169

    1,732

    Interest income

    (697
    )

    (1,415
    )

    (1,889
    )

    (2,766
    )