Company: MCFT
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015130
Chunk: 11

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 2
Chunk 11
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 (780.8
    %)

    (5,882
    )

    732

    (6,614
    )

    (903.6
    %)

    Purchases of property, plant and equipment

    162

    314

    (152
    )

    (48.4
    %)

    914

    1,178

    (264
    )

    (22.4
    %)

    Unit sales volume

    153

    365

    (212
    )

    (58.1
    %)

    330

    727

    (397
    )

    (54.6
    %)

    Net sales per unit
     
    $
    54

    $
    47

    $
    7

    14.9
    %
     
    $
    55

    $
    49

    $
    6

    12.2
    %

Net sales decreased $8.8 million and $17.4 million during the second quarter  and first half of fiscal 2025, respectively, when compared to the same prior-year period, mainly due to lower unit volumes and increased dealer incentives.

Operating loss for the second quarter and first half of fiscal 2025 was $3.2 million and $5.9 million, respectively, compared to operating income of $0.5 million and $0.7 million in the same prior year periods, respectively. The change was primarily the result of decreased net sales, as discussed above.

Non-GAAP Measures

EBITDA, Adjusted EBITDA, EBITDA margin, and Adjusted EBITDA margin

We define EBITDA as income from continuing operations, before interest, income taxes, depreciation and amortization. We define Adjusted EBITDA as EBITDA further adjusted to eliminate certain non-cash charges or other items that we do not consider to be indicative of our core and/or ongoing operations. For the periods presented herein, the adjustments are for share-based compensation, and CEO transition and organizational realignment costs. We define EBITDA margin and Adjusted EBITDA margin as EBITDA and Adjusted EBITDA, respectively, each expressed as a percentage of Net sales. 

21

Adjusted Net Income and Adjusted Net Income per share

We define Adjusted Net Income and Adjusted Net Income per share as income from continuing operations, adjusted to eliminate certain non