Mastercraft Boat Holdings Inc Stock Price, News & Analysis

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will have its executive team, including CEO Fred Brightbill, CFO Tim Oxley, and CRO George Steinbarger, present at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 7:30 a.m. EST. This virtual event will be accessible via a live audio webcast on the company's website and will remain archived for 30 days post-event. MasterCraft is a leading innovator in the recreational powerboat industry, comprising brands like MasterCraft, NauticStar, Crest, and Aviara.

MasterCraft Boat Holdings reported its fiscal 2021 second quarter results, achieving record profitability with net sales of $118.7 million, a 19% increase year-over-year. Gross margin expanded by 340 basis points to 24.7%, and net income surged 78% to $12.5 million, or $0.66 per share. Adjusted EBITDA rose 57% to $21.3 million, with an adjusted EBITDA margin of 17.9%. The company raised its fiscal 2021 guidance, anticipating mid to high 30% percent growth in net sales due to strong retail demand and low dealer inventory.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will host a live webcast of its fiscal second quarter 2021 earnings call on February 10, 2021, at 8:30 a.m. EST. During this call, CEO Fred Brightbill, CFO Tim Oxley, and CRO George Steinbarger will discuss the company's financial results. A preliminary earnings release will be issued before the call. Investors can access the call via the investor section of the company's website or by dialing in. Replay options will be available post-call. MasterCraft operates under four brands, holding strong market positions across multiple segments of the powerboat industry.

MasterCraft Boat Company (NASDAQ: MCFT) has launched the MasterCraft Experience Digital Boat Show, an immersive online platform designed for boat enthusiasts. This digital initiative offers consumers a self-guided tour that features behind-the-scenes content from MasterCraft's headquarters, exclusive model walkthroughs, and insights into the 2021 fleet. The platform allows users to explore MasterCraft’s latest innovations and connect with dealers globally. The experience is free and accessible on any device, marking a strategic move to enhance consumer engagement during the boat show season.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) reported its fiscal 2021 first quarter earnings, marking the most profitable first quarter in its history. Net sales decreased by 5.5% to $103.7 million, while net income rose 10.9% to $9.6 million, or $0.51 per diluted share. Adjusted EBITDA increased by 6.8% to $17.0 million, with an adjusted net income of $10.9 million, reflecting strong retail demand. The company raised its full-year guidance, projecting mid-30% growth in net sales and mid-80% growth in adjusted earnings per share, buoyed by strong order books and improving production rates.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) will host a live webcast of its Q1 2021 earnings conference call on November 11, 2020, at 8:30 a.m. EDT. During the call, key executives will discuss the Company's financial results following a pre-market earnings release on the same day. Interested participants can access the webcast through the investor section of the Company's website. An audio replay will be available post-call.

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) reported its fiscal 2020 Q4 results, highlighting a 58.4% decrease in net sales to $51.1 million, with a net loss of $(2.8) million or $(0.15) per share. Full-year net sales fell 22.2% to $363.1 million, resulting in a net loss of $(24.0) million or $(1.28) per share, largely due to COVID-19 impacts. Adjusted EBITDA decreased to $0.9 million for Q4 and $44.3 million for the year. Despite challenges, the company anticipates mid-20% growth in net sales for fiscal 2021 and improved margins, driven by increased demand and low dealer inventories.

MasterCraft Boat Company, a subsidiary of MasterCraft Boat Holdings (NASDAQ: MCFT), announced the acquisition of a boat manufacturing plant in Merritt Island, Florida. This facility will serve as a dedicated manufacturing center for the Aviara brand, which produces luxury day boats. The new plant boasts over 140,000 square feet of space and is expected to begin production in early 2021. This expansion aims to enhance capacity for both Aviara and MasterCraft brands, responding to strong retail demand and supporting the company's long-term growth strategy.

MasterCraft Boat Holdings (NASDAQ: MCFT) will host a live webcast for its fourth-quarter and full-year fiscal 2020 earnings call on September 9, 2020, at 8:30 a.m. EDT. Key executives, including CEO Fred Brightbill, will discuss financial results. A pre-market earnings release will be issued prior to the call. Investors can access the webcast on the company's investor website. An audio replay will be available shortly after the call until September 23, 2020. MasterCraft is a leading manufacturer of recreational powerboats with significant market share in growing segments.