MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) Q3 2022 Earnings Conference Call May 11, 2022 8:30 AM ET

Company Participants

Fred Brightbill – Chief Executive Officer & Chairman

Tim Oxley – Chief Financial Officer

George Steinbarger – Chief Revenue Officer

Conference Call Participants

Joseph Altobello – Raymond James

Craig Kennison – Baird

Michael Swartz – Truist Securities

Eric Wold – B. Riley Securities

Operator

Thank you for standing by and welcome to the Third Quarter 2022, MasterCraft Boat Holdings, Inc. Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions]. As a reminder, today's program may be recorded. And now I'd like to introduce your host for today's program, Tim Oxley, Chief Financial Officer. Please go ahead, sir.

Tim Oxley

Thank you, Operator; and welcome, everyone. Thank you for joining us today as we discuss MasterCraft's third quarter performance for fiscal 2022. As a reminder, today's call is being webcast live and will also be archived on our website for future listening. Joining me on today's call are Fred Brightbill, Chief Executive Officer and Chairman; and George Steinbarger, our Chief Revenue Officer. Fred will begin with a review of our operational highlights from the third quarter. I will then discuss our financial performance for the quarter. Then, I will turn the call back to Fred for some closing remarks before we open the call for Q&A.

Before we begin, we'd like to remind participants that the information contained in this call is current only as of today, May 11th, 2022. The company assumes no obligation to update any statements, including forward-looking statements. Statements that are not historical facts are forward-looking statements and subject to the safe harbor disclaimer in today's press release. Additionally, on this conference call, we would discuss non-GAAP measures that include or exclude special or items not indicative of our ongoing operations.

For each non-GAAP measure, we also provide the most directly comparable GAAP measure in our fiscal 2022 third quarter earnings release, which includes a reconciliation of these non-GAAP measures to our GAAP results. We would also like to remind listeners that there is a slide deck summarizing our financial results in the Investors ' section of our website. With that, I'll turn the call over to Fred.

Fred Brightbill

Good morning, everyone. Thank you for joining us today. Our business performed extremely well during the third quarter as we delivered our highest net sales, gross profit, diluted adjusted earnings per share, and adjusted EBITDA for any quarter in the company's history. These results reflect a continuation of exceptional execution against our strategic and our operational priorities as we delivered a record-setting performance for the sixth consecutive quarter. The hard work and determination of our team in the phase of the challenging environment made this momentous achievement possible.