Mastercraft Boat Holdings Inc Stock Price, News & Analysis

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will host a live webcast of its fiscal Q3 2022 earnings conference call on May 11, 2022, at 8:30 a.m. EDT. Key executives, including CEO Fred Brightbill and CFO Tim Oxley, will discuss the financial results. A pre-market earnings release will precede the call. Investors can access the webcast via the Company's website. A replay will be available shortly after the call concludes. MasterCraft designs and manufactures recreational powerboats, holding significant market shares in various segments.

MasterCraft Boat Company has launched the second annual “Let Her Rip” campaign to empower women in water sports. On International Women’s Day, they announced five complimentary on-water clinics across the U.S. for women to enhance their boating skills. The first clinic kicks off on June 18th in Knoxville, TN, with additional sessions in Austin, Seattle, Atlanta, and Orlando. Each event offers hands-on training and various amenities. The initiative is supported by champion athlete Meagan Ethell and industry sponsors, aiming to bolster confidence among women in boating.

MasterCraft Boat Holdings will present at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 11:00 a.m. EST. This presentation will be made by key executives including CEO Fred Brightbill, CFO Tim Oxley, and CRO George Steinbarger. A live audio webcast will be accessible on MasterCraft's website, and the archived version will remain available for 30 days. MasterCraft, headquartered in Vonore, Tennessee, designs and manufactures recreational powerboats, holding significant market share in multiple segments.

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.