MCBC Hlds

Mastercraft Boat Holdings, Inc. engages in the designing, manufacturing, and selling of boats. It operates through the following segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment offers recreational performance boats used for water skiing, wakeboarding, and wake surfing activities and general recreational boating under product brands, such as MasterCraft. The Crest segment produces pontoon boats at its Owosso, Michigan facility, which are used for general recreational boating. The NauticStar segment produces boats at its Amory, Mississippi facility, which are used for saltwater fishing and general recreational boating. The Aviara segment consists of the Aviara brand which manufactures luxury day boats. The company was founded in 1968 and is headquartered in Vonore, TN.

Earnings data Q1 2023

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VONORE, Tenn., Sept. 13, 2023 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”) today announced that it has issued its 2023 Sustainability Report. The Company recognizes the importance of social and environmental responsibility and global sustainability, and is committed to making the best products in the best way possible. The Company is devoted to reducing its environmental impact, ensuring a healthy and safe workplace for its employees, and acting as a good corporate citizen in the communities it serves.

MasterCraft Boat Holdings, Inc. Issues 2023 Sustainability Report

MasterCraft offers a terrific risk/reward profile over the next few years, even with elevated interest rates or an economic contraction. It has a net cash balance sheet, a largely variable cost structure, excellent margins, and cash flow, and is well positioned for long-term growth. It has tremendous brand equity, an exceptional innovation track record, and is a commendable operator.

MasterCraft: A Tale Of Cyclical Headwinds And Secular Tailwinds

Record earnings and sales are over for this boat maker.

Bear of the Day: MasterCraft (MCFT)

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MasterCraft Boat's (MCFT) fiscal fourth-quarter top line reflects lower sales volumes, a less favorable model mix and increased dealer incentives.

MasterCraft Boat (MCFT) Q4 Earnings Beat Estimates, Stock Down

Shares of MasterCraft Boat Holdings Inc. tumbled Wednesday but bounced well off their worst levels of the day, as the recreational-powerboat maker suggested there could be upside to its disappointing full-year outlook.

MasterCraft's outlook assumes current retail ‘malaise' will continue, but CEO thinks there's upside

Net sales fell 15% in the fiscal fourth quarter of 2023. The number of unsold boats at dealers will weigh on sales in the near term.

Why MasterCraft Boat Stock Plunged to New Lows on Wednesday

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT ) Q4 2023 Earnings Conference Call August 30, 2023 8:30 AM ET Company Participants Tim Oxley - Chief Financial Officer Fred Brightbill - Chief Executive Officer and Chairman George Steinbarger - President of Crest Conference Call Participants Craig Kennison - Baird Martin Mitela - Raymond James Drew Crum - Stifel Eric Wold - B. Riley Securities Operator Good day, and thank you for standing by.

MasterCraft Boat Holdings, Inc. (MCFT) Q4 2023 Earnings Call Transcript

MasterCraft Boat Holdings (NASDAQ:MCFT) stock plunged in Wednesday's early deals after the speedboat maker warned investors of significant uncertainty over demand amidst the economic downturn. The company - which typically sells no models of its flagship XStar speedboat for around $300,000 apiece – said sales for the fourth quarter were down 15.5% at $166.6 million, ahead of market expectations pitched at $162.1 million.

Mastercraft stock plunges as sales slowdown is damp squib on ‘record' year

Shares of MasterCraft Boat Holdings Inc. MCFT, took a 15.7% dive toward a 10-month low in premarket trading Wednesday, after the powerboat maker provided a fiscal 2024 outlook that was well below forecasts, citing “significant uncertainty” regarding retail demand given expectations of a economic downturn. The company said it expects adjusted earnings per share, for the fiscal year that ends in June 2024, of between $1.46 and $1.88, below the FactSet consensus of $4.00.

MasterCraft Boat stock plunges after profit outlook comes in at less than half of forecasts

VONORE, Tenn., Aug. 30, 2023 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) today announced financial results for its fiscal 2023 fourth quarter and year ended June 30, 2023.

MasterCraft Boat Holdings, Inc. Reports Fiscal 2023 Results

MasterCraft Boat's (MCFT) fiscal fourth-quarter performance is likely to have been impacted by inflationary cost increases, higher interest rates and supply chain disruptions.

MasterCraft Boat (MCFT) to Report Q4 Earnings: What's in Store?

MasterCraft Boat Holdings has shown strong financial growth, with after-tax operating profit and free cash flow compounding at nearly 12% and 11% respectively since 2018. Despite this growth, the company's share price has only appreciated by just over 5% compared to 57% for the S&P 500. MCFT's returns on invested capital have rebounded to 57% in the last twelve months, indicating the success of management's strategies.

MasterCraft Is A Hidden Gem

Live webcast at 8:30 a.m. EDT VONORE, Tenn.

MasterCraft Boat Holdings, Inc. to Webcast Fiscal Fourth Quarter and Full Year 2023 Earnings Conference Call Wednesday, August 30, 2023

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VONORE, Tenn., July 24, 2023 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”) announced today that its Board of Directors has authorized a new share repurchase authorization under which the Company may repurchase up to $50 million of its outstanding shares of common stock. The new authorization will become effective upon the expiration of the Company's existing $50 million share repurchase authorization.

MasterCraft Boat Holdings, Inc. Announces New $50 Million Share Repurchase Authorization

MasterCraft Boat's (MCFT) focus on MasterCraft Segment bodes well, unveils extensive product lineup and enhancements for its 2024 Models.

MasterCraft Boat (MCFT) Unveils New Product Line for 2024

2024 Lineup Features New Dash with Standard Touchscreen to NXT Lineup, Standard Underwater Exhaust For XT, X and XSTAR S Models, Remote Battery Switching through the MasterCraft Connect App and Power Board Racks – a First of its Kind

MasterCraft Debuts Industry's Most Robust Lineup of Towboats with New Features and Enhancements for 2024 Models

MasterCraft Boat has delivered strong sales results, expanded its product line, and raised its guidance for a strong FY2023 end. MCFT has a low short interest at 7.08% and a forward price-to-earnings ratio of 5.96, which is below the consumer discretionary sector. Cautious of ongoing consumer discretionary headwinds and emission regulations that may influence boating designs in the long term.

MasterCraft: Small-Cap Stock With Strong Growth Potential

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MasterCraft Adds to Industry's Most Diverse Towboat Lineup with Introduction of the All-New XT25

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MasterCraft Boats Now Available at Five Suntex Marinas, Plans to expand to 13 Total U.S. Destinations in 2023 MasterCraft Boats Now Available at Five Suntex Marinas, Plans to expand to 13 Total U.S. Destinations in 2023

MasterCraft Named Exclusive Towboat Partner of Suntex Marinas To Deliver Luxury, Award-Winning Wave-Wake Performance to Boat Club Customers

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MasterCraft's ‘Surf to Save Lives' Campaign Dedicated to Raising Awareness and Funds to Support the lifesaving mission of St. Jude: Finding cures. Saving children.®

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