Mastercraft Boat Holdings Inc Stock Price, News & Analysis

MasterCraft Boat Company has announced the release of an exclusive run of 25 limited edition XStar S Piranha models featuring the Ilmor Supercharged 6.2L engine.

This special model boasts 630 horsepower and 665 lb-ft of torque, marking it as the world's most powerful towboat. It showcases unique features such as a custom purple flake gelcoat, premium audio setup, and a patented Z8 tower.

The limited edition will be available at select dealers, with each boat individually numbered to emphasize its exclusivity.

MasterCraft Boat Company has officially signed Tyler Higham, a notable wakeboarder known for his impressive achievements, to its athlete roster. This addition is expected to enhance MasterCraft's brand visibility in the wakeboarding community. Higham, at just 23, has already received multiple accolades, including 2x Best Boat Rider and 2018 Rookie of the Year. His addition to the team, boasting a legacy of winning world championships, highlights MasterCraft's commitment to excellence in the sport.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) reported a record-setting third quarter for fiscal 2022, ending April 3, with net sales of $186.7 million, a 26.3% increase year-over-year. Net income surged to $20.9 million ($1.13 per diluted share), marking a 19.2% rise. Adjusted EBITDA reached $32.1 million, up 16.4%, despite supply chain issues impacting margins. The company raised its full-year sales guidance, forecasting 30% growth while anticipating continued inflationary challenges affecting margins and operational efficiency.

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.