Welcome to our dedicated page for Mastercraft Boat Holdings news (Ticker: MCFT), a resource for investors and traders seeking the latest updates and insights on Mastercraft Boat Holdings stock.
MasterCraft Boat Holdings, Inc. reports developments across its recreational marine portfolio, including MasterCraft performance sport boats, Crest and Balise pontoons, and Aviara luxury day boats. Company news commonly covers earnings releases, product introductions, dealer relationships, watersports programs, and segment leadership within its boat manufacturing and marketing operations.
Updates also include new towboat platforms such as the MasterCraft X series, on-water customer initiatives, partnerships tied to wakeboarding and wakesurfing, and commercial activity in the pontoon segment. The company’s news flow reflects both brand-level product activity and holding-company financial reporting for MCFT common stock.
MasterCraft Boat Company has unveiled the Ilmor Supercharged 6.2L Engine, the world's most powerful towboat engine, featuring 630 horsepower and 665 LB-FT of torque. This exclusive partnership with Ilmor Marine showcases a product developed with high-performance technology similar to IndyCar engines. The engine will replace the current 7.4L MPI model in MasterCraft's 2023 boat lineup and is backed by a five-year/500-hour warranty. The launch video will debut on the company's website and social media channels, with a display at the 2022 Miami International Boat Show.
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) reported a record-setting second quarter for fiscal 2022, achieving net sales of $159.5 million, a 34.4% increase year-over-year. Net income rose 23.2% to $15.4 million, with diluted earnings per share increasing by 22.7% to $0.81. Adjusted EBITDA was $25.0 million, reflecting a 17.4% growth. Despite supply chain disruptions affecting gross margin, which declined to 22.1%, the company remains optimistic, raising guidance for full-year sales growth to about 25% and adjusted earnings per share growth to 32% year-over-year.
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will host a live webcast on February 3, 2022, at 8:30 a.m. EST to discuss its fiscal Q2 2022 earnings results. CEO Fred Brightbill, CFO Tim Oxley, and CRO George Steinbarger will lead the call. A pre-market earnings release will be published before the call. The webcast will be accessible via the investor section of MasterCraft's website and a replay will be available shortly after.
MasterCraft is a leading manufacturer of recreational powerboats, including brands like MasterCraft, NauticStar, Crest, and Aviara, dominating key segments of the industry.
MasterCraft Boat Holdings reported record financial results for Q1 fiscal 2022, with net sales reaching $144.0 million, a 38.8% increase year-over-year. Net income rose to $10.4 million or $0.55 per diluted share, alongside adjusted EBITDA of $19.4 million, marking a 14.3% rise. Despite challenges like supply chain disruptions, the company achieved its most profitable first quarter ever. Moving forward, MasterCraft expects 20% consolidated net sales growth for the fiscal year and raised its guidance for adjusted earnings per share by 25%.
MasterCraft Boat Holdings (NASDAQ: MCFT) will host a live webcast of its fiscal Q1 2022 earnings call on November 10, 2021, at 8:30 a.m. EST. Key executives, including CEO Fred Brightbill, will discuss the company's financial results in this session. A pre-market earnings release will precede the call, which can be accessed via the investor section of the company’s website. For those not online, a dial-in option and audio replay will be available starting at 11:30 a.m. EST on the same day until November 17, 2021.
MasterCraft Boat Holdings (NASDAQ: MCFT) has revised its fiscal first quarter 2022 guidance due to a delay in component shipments from a key supplier. Consolidated net sales growth is now expected to be in the 30% range, down from the mid-30% percent. Adjusted EBITDA margins are expected to be in the mid-11% percent range, lower than the previous low-14% percent estimate. Adjusted earnings per share are expected to decline in the low double digits year-over-year, contrasting with initial growth expectations of low-20% percent. Despite these adjustments, the company reaffirmed its full-year guidance for 2022.
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) reported record-breaking financial results for Q4 and fiscal year 2021. Q4 net sales soared to $155.5 million, up 204%, with gross margin expanding to 23.9%. Net income reached $16.5 million, or $0.87 per diluted share. For the full year, net sales were $525.8 million, a 45% increase, alongside a record net income of $56.2 million ($2.96 per diluted share). The company expects high-teens net sales growth for fiscal 2022, despite risks from supply chain disruptions.
MasterCraft Boat Holdings, Inc. (MCFT) will host a live webcast for its Q4 and fiscal 2021 earnings conference call on September 2, 2021, at 8:30 a.m. EDT. CEO Fred Brightbill, CFO Tim Oxley, and CRO George Steinbarger will discuss financial results. A pre-market earnings release will be issued before the call. Investors can access the webcast via the investor section of the Company’s website. An audio replay will be available following the call until September 16, 2021.
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced the election of Jennifer Deason to its Board of Directors, expanding the board to eight members, seven of whom are independent. Deason brings over two decades of executive experience, including her roles as Chairman and CEO of Belong Acquisition Corp. and CFO of the Weather Channel. Her expertise is expected to support MasterCraft's strategic growth during a pivotal time for the marine industry. The company holds a strong market position in various powerboat segments.
MasterCraft Boat Holdings (NASDAQ: MCFT) announced a new share repurchase program allowing up to $50 million in stock buybacks through June 24, 2024. The company has also secured a $160 million credit facility, consisting of a $60 million term loan and a $100 million revolving line, enhancing its liquidity and financial flexibility. The CEO expressed confidence in the company's growth strategy and market positioning. The new credit facility replaces the previous one and matures on June 28, 2026.