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. reports developments across its recreational marine portfolio, including MasterCraft performance sport boats, Crest and Balise pontoons, and Aviara luxury day boats. Company news commonly covers earnings releases, product introductions, dealer relationships, watersports programs, and segment leadership within its boat manufacturing and marketing operations.
Updates also include new towboat platforms such as the MasterCraft X series, on-water customer initiatives, partnerships tied to wakeboarding and wakesurfing, and commercial activity in the pontoon segment. The company’s news flow reflects both brand-level product activity and holding-company financial reporting for MCFT common stock.
MasterCraft Boat Holdings (NASDAQ: MCFT) is evaluating strategic alternatives for its NauticStar business, considering options such as a potential asset sale to maximize shareholder value. CEO Fred Brightbill stated that the company is well-positioned for sustainable growth, focusing efforts on MasterCraft, Crest, and Aviara brands. NauticStar will be reported as discontinued operations starting Q1 fiscal 2023. The company reaffirms its full-year fiscal 2022 guidance, maintaining confidence in its operational and market strategies despite challenges in the environment.
MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) unveiled its 2023 model year features, enhancing comfort, technology, and performance across its towboat lineup. The redesigned XT20 model boasts a higher freeboard, upgraded ballast of over 1,000 pounds, and SurfStar technology for customizable wakes. New telematics and the MasterCraft Connect app allow remote monitoring. Audio systems are improved via a partnership with Klipsch, and a powerful Ilmor Supercharged 6.2L engine is now available. The boats also offer ergonomic seating and convenient storage solutions, marking a significant upgrade for enthusiasts.
MasterCraft Boat Company has launched the XT22 T, the latest addition to its XT family for the 2023 model year. This new model features a traditional bow design that enhances adaptability, performance, and reliability. The XT22 T promises best-in-class performance with features like SurfStar for customizable wakes, upgraded storage options, and exceptional audio capabilities. Built for comfort and versatility, it accommodates up to 14 people and has options for enhanced shade and storage. Its superior craftsmanship and robust Ilmor engine ensure reliability and quality.
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.
Summary not available.
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.