Manufacturers and Carrier Report Mixed Quarterly Financial Results
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United States. Several manufacturers and an industrial firm reported quarterly results Thursday, showing mixed performance. Marine Products posted Q4 net income of $2.4 million on $64.6 million revenue and $11.4 million annual profit. MasterCraft beat estimates with $2.5 million profit and raised guidance. Carrier missed expectations with $53 million Q4 profit on $4.84 billion revenue. Malibu reported a $2.5 million fiscal second-quarter loss while revenue exceeded forecasts. Companies provided revenue and earnings guidance for upcoming quarters. Reports were generated from AP data and Zacks Investment Research and publicly filed company statements today. Based on 6 articles reviewed and supporting research.
Prepared by Christopher Adams and reviewed by editorial team.
Timeline of Events
- Companies released AP-syndicated earnings snapshots based on Zacks data on Thursday.
- MasterCraft reported fiscal Q2 profit, beat estimates, and issued guidance for coming quarters.
- Marine Products disclosed Q4 net income of $2.4M and annual profit figures.
- Carrier Global reported a Q4 earnings and revenue miss and provided full-year guidance.
- Malibu published a fiscal Q2 net loss while reporting revenue above analyst forecasts.
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MasterCraft's shareholders and management benefited from a fiscal second-quarter beat on both earnings and revenue, as reported by Zacks and company statements.
Carrier Global's fourth-quarter results and revenue missed Wall Street expectations, and Malibu reported a fiscal second-quarter net loss despite revenue surpassing forecasts.
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