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. (NASDAQ: MCFT) news covers developments across its recreational powerboat portfolio, including the MasterCraft, Crest, and Balise brands. As an innovator, designer, manufacturer, and marketer of performance sport boats and pontoons, the company regularly issues updates that are relevant to investors, dealers, and boating enthusiasts.
Visitors to this MCFT news page can find company-issued announcements on topics such as new model launches, product line updates, dealer network expansion, and brand partnerships. Recent examples include the introduction of redesigned MasterCraft towboat models like the X22 and X24, updates to the broader MasterCraft lineup, and enhancements to on-board technology, audio systems, and control interfaces.
News for MasterCraft Boat Holdings, Inc. also includes financial communications, such as quarterly and annual results, outlook commentary, and details on capital allocation, all of which are typically furnished through press releases and corresponding Form 8-K filings. These items provide insight into segment performance for the MasterCraft and Pontoon segments, dealer inventory trends, and management’s views on the operating environment.
In addition, the company highlights dealer appointments and international expansion, including new MasterCraft dealerships in regions such as the Pacific Northwest, Mexico, and Germany, as well as leadership changes within the Crest and Balise pontoon division. This mix of product, operational, and financial news helps readers follow how MasterCraft Boat Holdings, Inc. is managing its brands, supporting its dealer network, and positioning its towboat and pontoon offerings. For ongoing updates tied to MCFT, this page aggregates the latest publicly released information in one place.
MasterCraft Boat Company (NASDAQ: MCFT) has announced a strategic partnership with Action Water Sports as its newest authorized dealer in the Dallas-Fort Worth (DFW) market, which represents the largest towboat market in the United States. This expansion will provide local boating enthusiasts access to MasterCraft's complete lineup of boats, along with on-water demos and comprehensive service support.
The partnership aims to strengthen MasterCraft's market position by combining the company's nearly 60 years of boat-building excellence with Action Water Sports' commitment to customer service. Greg Miller, VP of Global Sales at MasterCraft, emphasized the strategic importance of expanding their presence in this vital market, while Lee Willams, Managing Partner of Action Water Sports, Texas, expressed enthusiasm about representing MasterCraft's innovative products in the region.
MasterCraft Boat Holdings (NASDAQ: MCFT) reported fiscal 2025 second quarter results with net sales of $63.4 million, down 29.4% year-over-year. Income from continuing operations was $0.4 million ($0.03 per diluted share), while Adjusted Net Income reached $1.7 million ($0.10 per diluted share).
The company's gross margin declined 610 basis points due to unfavorable model mix and lower cost absorption. Adjusted EBITDA was $3.5 million, with a margin of 5.6%, down from 14.4% in the prior year. The company maintains a strong financial position with $62.9 million in cash and investments, and $100 million available on its revolving credit facility.
For fiscal 2025, MasterCraft narrowed its guidance, projecting consolidated net sales between $275-295 million, Adjusted EBITDA of $19-24 million, and Adjusted EPS of $0.64-0.86. For Q3 2025, the company expects net sales of approximately $75 million with Adjusted EBITDA of $5 million.
MasterCraft Boat Holdings (NASDAQ: MCFT) has announced it will host its fiscal second quarter 2025 earnings conference call on Thursday, February 6, 2025, at 8:30 a.m. EST. The event will feature CEO Brad Nelson and CFO Tim Oxley discussing the company's financial results. A pre-market earnings release will be issued before the call.
The conference call will be accessible via a live webcast on the investor section of MasterCraft's website (Investors.MasterCraft.com). Telephone participants must register in advance through a provided link to receive dial-in details. A replay of both the conference call and webcast will be available on the company's website afterward.
MasterCraft Boat (NASDAQ: MCFT) will showcase its redesigned flagship model, the XStar, at the Barrett-Jackson Auction in Scottsdale, Arizona, from January 19-26. The display will feature both the 23-foot and new 25-foot XStar models alongside a Chevrolet Silverado HD 2500, marking the launch of their new partnership where Silverado becomes the brand's 'Official Truck & Tow Vehicle'.
The XStar lineup features the new MAAX System for enhanced audio, a redesigned helm, and the Z100 tower. Powered by Ilmor's Supercharged 6.2L engine delivering 630 horsepower and 665 lb-ft of torque, the XStar combines with MasterCraft's SurfStar system and redesigned hull configuration. Following the event, MasterCraft will conduct a nationwide roadshow with over 100 stops, showcasing both the Silverado HD 2500 and XStar models.
MasterCraft Boat Company (NASDAQ: MCFT) has unveiled its all-new XStar lineup for 2025, featuring completely redesigned 23- and 25-foot models. The new flagship vessels include groundbreaking features such as the MasterCraft Aft Audio Experience (MAAX) with 4,200 watts of peak power, and the exclusive Z100 tower with power folding capabilities.
Both models come standard with an Ilmor Supercharged 6.2L engine, delivering 630 horsepower and 665 lb-ft of torque. The boats feature advanced technology including a 4-camera visibility system, dual-screen configuration with 15-inch and 12-inch displays, and MasterCraft Connect app integration. The XStar lineup includes enhanced wake performance through the SurfStar system and new hull design, offering over 1,500 pounds of additional dry weight compared to previous models.
The company also introduced the XStar Concierge program, providing 24/7 dedicated expert service and support for XStar owners.
MasterCraft Boat Company has announced an exclusive partnership with General Motors, naming Chevrolet Silverado as its Official Truck & Tow Vehicle for 2025 and beyond. The collaboration builds on MasterCraft's existing relationship with Ilmor Marine, which uses GM's marine technology.
As part of the deal, MasterCraft will receive eight Chevrolet Silverado 2500HD trucks for use at various events, including 32 boat shows and 51 Rule The Water Tour stops. The partnership highlights the technical synergy between the companies, particularly in the 5.3L GDI HO engine used in MasterCraft boats, which is adapted from Silverado's engine by Ilmor to meet marine requirements while maintaining reliability and power.
Helios Technologies (NYSE: HLIO) announces the market introduction of PowerView® U150 and PowerView® U120 displays, now available on select MY25 MasterCraft boats through its operating company, Enovation Controls. The displays, developed over a three-year lifecycle, will be featured on MasterCraft's XStar, X and XT boats. The new displays offer best-in-class viewability, exceptional durability against harsh marine conditions, user-friendly interface, and seamless integration. This launch marks over 15 years of collaboration between Helios and MasterCraft.
MasterCraft Boat Holdings reported fiscal 2025 first quarter results with net sales of $65.4 million, down 30.7% year-over-year. Income from continuing operations was $1.0 million ($0.06 per diluted share), while Adjusted Net Income reached $1.9 million ($0.12 per diluted share). The company completed $3.5 million in share repurchases during the quarter.
The company updated its fiscal 2025 guidance, projecting consolidated net sales between $270-300 million, Adjusted EBITDA of $17-26 million, and Adjusted Earnings per share of $0.55-0.95. For Q2 2025, MasterCraft expects net sales of approximately $60 million with Adjusted EBITDA of $1 million.
MasterCraft Boat Holdings (NASDAQ: MCFT) has announced it will host a live webcast of its fiscal first quarter 2025 earnings conference call on Wednesday, November 6, 2024, at 8:30 a.m. EST. CEO Brad Nelson and CFO Tim Oxley will discuss the company's financial results. A pre-market earnings release will be issued before the call. Investors can access the webcast through the company's website at Investors.MasterCraft.com, or join via telephone by registering in advance. A replay will be available on the company's website after the call.
MasterCraft Boat Company, a subsidiary of MasterCraft Boat Holdings (NASDAQ: MCFT), recently hosted a successful dealer meeting at its Tennessee factory. The event brought together the company's dealer network for a day focused on education, celebration, and innovation. As the world's best-selling towboat brand, MasterCraft used this gathering to honor its legacy while introducing new initiatives for the future.
The meeting provided an opportunity for dealers to strengthen partnerships and gain insights into MasterCraft's latest advancements. While specific details of new products or strategies were not disclosed, the event emphasized the company's commitment to maintaining its leadership position in the towboat industry through continued innovation and strong dealer relationships.