MasterCraft

The company’s board also announced that Roch Lambert will become its lead independent director.

Weather-related sales dips prompted the company to right-size inventory levels.

The CEO will pursue an opportunity outside the boating industry.

The company is forecasting a slight decrease for 2020 sales, while making weekly adjustments to dealer inventory pipelines.

NMMA’s Global Star program recognizes manufacturers for global sales efforts.

Marine Partners in Rozelle, New South Wales, will carry the U.S. offshore saltwater line.

The company reported softness in small boats of its NauticStar line, but said its MasterCraft brand shows “strong retail momentum.”

Terry McNew represents the marine industry.

Manufacturer is partnering with banks, insurance companies and SeaTow.

Jay Povlin to head MasterCraft Holdings’ brand as it increases product development.

NauticStar boats will shift to larger boats up to 39 feet.

Net sales up 44 percent.

The 65-foot Estrella from HCB Center Console Yachts will debut at the Fort Lauderdale International Boat Show on Oct. 31.

Crest is growing at twice the rate of the rest of the pontoon boat sector. Its net sales have jumped from $65 million in 2017 to a forecasted $90 million this year.

NauticStar has hired 25 to 30 new employees over the course of three months and plans on hiring more as it ramps up production and continues to grow.

MCBC Holdings Inc., parent company of MasterCraft Boat Co. and Nautic Star, increased net sales 7.2 percent, to $65 million in the first quarter, but saw gross margins decrease 140 basis points, to 27.9 percent.

MasterCraft parent company MCBC Holdings has named Tim Schiek as president of NauticStar, a boatbuilder the company acquired Oct. 2.

MasterCraft CEO Terry McNew said the company plans to ramp up production in order to meet current demand at NauticStar and will make some initial investments in general and administrative expenses.