Mastercraft Boat Holdings Inc Stock Price, News & Analysis

MasterCraft Boat Holdings (NASDAQ: MCFT) announced that CEO Fred Brightbill, CFO Tim Oxley, and CRO George Steinbarger will present at the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023, at 3:25 p.m. EST. The presentation will be available via a live audio webcast on MasterCraft’s website. Attendees are advised to register at least 15 minutes prior to the presentation. An archived version will be accessible for 90 days after the event. MasterCraft is a leading manufacturer of recreational powerboats, with significant market share in performance sport boats and pontoon boats.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced record financial results for its fiscal 2023 second quarter ended January 1, 2023. Key highlights include:

• Net sales reached a record $159.2 million, reflecting a 10.2% increase year-over-year.
• Net income rose to $20.0 million ($1.12 per diluted share), an 11.9% increase from last year.
• Adjusted EBITDA also set a record at $29.8 million, up 9.8% from Q2 2022.
• Share repurchases totaled $4.8 million, contributing to record operating cash flow.
• Guidance for fiscal 2023 now anticipates net sales between $620 million and $640 million.

MasterCraft Boat Holdings (NASDAQ: MCFT) will conduct a live webcast of its fiscal Q2 2023 earnings call on February 8, 2023, at 8:30 a.m. EST. CEO Fred Brightbill, CFO Tim Oxley, and CRO George Steinbarger will present the financial results. A pre-market earnings release will be issued prior to the call. Participants can join via the investor section of the Company’s website or register for telephone access. MasterCraft is a key player in the recreational powerboat market, with brands including MasterCraft, Crest, and Aviara, holding significant market shares in performance sport boats and pontoon boats.

MasterCraft Boat Holdings, Inc. (MCFT) announced record financial results for Q1 fiscal 2023, ending October 2, with net sales of $169.5 million, a 29.7% increase year-over-year. Net income reached $24.6 million or $1.37 per diluted share, while Adjusted EBITDA surged 72.8% to $35.9 million. Despite a $22.1 million pretax loss from the sale of NauticStar, the company raised its full-year guidance for net sales to between $590 million and $625 million.

MasterCraft Boat Company has expanded its entry-level NXT lineup with the introduction of the 2023 NXT21 and NXT23 models. These boats offer industry-leading wave performance, innovative designs, and enhanced connectivity through the MasterCraft Connect app. The NXT21 accommodates 14 passengers while the NXT23 seats 16, both featuring increased ballast and integrated telematics for improved functionality. Available starting in November and January 2023, these models aim to deliver premium on-water experiences at competitive pricing.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will host a live webcast for its fiscal Q1 2023 earnings on November 9, 2022, at 8:30 a.m. EST. 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. The conference call can be accessed via the company's investor website. MasterCraft, headquartered in Vonore, TN, is a leading manufacturer in recreational powerboats, with strong positions in the performance sport and pontoon boat segments.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced that Kamilah Mitchell-Thomas will join its Board of Directors as an independent director, effective November 15, 2022. This appointment follows the departure of TJ Chung, who will not seek re-election at the Annual Meeting of Shareholders on October 25, 2022. Mitchell-Thomas, currently Senior Vice President at Roku, brings extensive experience in human resources, crucial for the Company's growth strategy. The Board aims for a diverse composition aligning with strategic goals, enhancing leadership for focused human capital development.