MasterCraft gains after raising outlook as powerboat sales soar

Mastercraft Boat Holdings

12/05/2021 14:53

** Recreational powerboat maker's shares  MCFT.O  rise as
much as 5.5% to $30.53; stock set to post biggest one-day gain
in over a week 
    ** MCFT reports better-than-expected Q3 results and raises
full-year financial outlook, helped by higher volumes and prices
for its products and lower dealer incentives  urn:newsml:reuters.com:*:nGNX7VrB65
    ** Says fiscal 2021 net sales growth is now expected to
reach 40%, up from its prior expectation of growth in the mid to
high 30% range
    ** Says full-year adjusted EPS would now grow in the high
120% range, up from 60% growth expected previously
    ** Stock has risen 22% this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))