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Crest Marine, a subsidiary of MasterCraft Boat Holdings, Inc., has launched a new luxury pontoon brand, Balise Pontoon Boats, focusing on timeless artistry, sophisticated entertainment, radical innovation, and uncompromising quality. The brand offers two models, Horizon and Helix, in 24- or 26-foot lengths, with unique features like in-water power cooler, 4D sound system, and premium Mercury outboard engines.
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End-of-Day
1.24%
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MasterCraft Boat Holdings, Inc. will host a live webcast of its fiscal third quarter 2024 earnings conference call on May 8, 2024, at 8:30 a.m. EDT. The call will feature discussions on financial results by CEO Brad Nelson, CFO Tim Oxley, and VP Bobby Potter. Participants can join via webcast or telephone by registering in advance. A replay will be available on the company's website.
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1.05%
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Rhea-AI Summary
MasterCraft Boat Holdings, Inc. appoints Brad Nelson as CEO effective March 18, 2024, succeeding Fred Brightbill, who will retire. Roch Lambert to be appointed Chairman of the Board. The company reiterates fiscal third quarter and full year 2024 guidance, expecting consolidated net sales between $400 million and $412 million.
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-2.37%
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MasterCraft Boat Holdings, Inc. (MCFT) executives to present at Raymond James 45th Annual Institutional Investors Conference on March 5, 2024. The presentation will be available via live audio webcast on the company's website.
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0.92%
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MasterCraft Boat Holdings, Inc. (MCFT) reported a 37.5% decrease in net sales for the second quarter of fiscal 2024, with net income from continuing operations at $5.9 million. Adjusted EBITDA was $9.8 million, down 67.2% from the prior-year period. The company's CEO expressed confidence in long-term growth and discussed strategic initiatives to rebalance dealer inventories and capitalize on industry trends. However, the outlook remains uncertain due to mixed economic views and competitive retail environment.
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Rhea-AI Sentiment
End-of-Day
2.29%
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Rhea-AI Summary
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will host a live webcast of its fiscal second quarter 2024 earnings conference call on February 7, 2024, at 8:30 a.m. EST. The company's CEO, CFO, and VP of Strategy and Investor Relations will discuss the financial results, and a pre-market earnings release will be issued prior to the call. Participants can access the conference call live via webcast on the investor section of the company’s website or participate via telephone by registering in advance. A replay of the conference call and webcast will be archived on the company's website.
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-0.28%
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MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced a 38.5% decrease in net sales to $104.2 million for its fiscal 2024 first quarter. Adjusted EBITDA decreased 66.0% to $12.2 million, and diluted Adjusted Net Income per share declined 67.1% to $0.47. The company's strong balance sheet provides financial flexibility despite cyclical headwinds facing the industry.
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-6.63%
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MasterCraft Boat Holdings, Inc. will host a live webcast of its fiscal first quarter 2024 earnings conference call on November 8, 2023. Participants can access the conference call live via webcast or telephone.
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-2.33%
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MasterCraft Boat Holdings, Inc. issues 2023 Sustainability Report, highlighting milestones achieved in waste recycling, safety, and employee engagement.
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-1.66%
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MasterCraft Boat Holdings, Inc. announces financial results for Q4 and FY 2023. Q4 net sales down 15.5% to $166.6 million, net income down 31.2% to $23.1 million. FY net sales up 3.2% to $662.0 million, net income up 2.9% to $90.5 million. Positive: Record operating cash flow. Negative: Retail sales slowed, dealer inventories high.
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End-of-Day
-12.82%
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MasterCraft Boat Holdings, Inc.
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About MCFT
headquartered in vonore, tn, mastercraft boat company (mcbc holdings, inc. - nasdaq: mcft) is a world-renowned innovator, designer, manufacturer, and marketer of mastercraft brand premium performance sport boats. founded in 1968, mastercraft has cultivated its iconic brand image through a rich history of industry-leading innovation, and more than four decades after the original mastercraft made its debut the company's goal remains the same—to continue building the world's best ski, wakeboard and luxury performance powerboats. for more information, visit www.mastercraft.com.