MasterCraft Reports Q3 Results
Net sales were down 20 percent, and the company withdrew its 2020 guidance.
MasterCraft
MasterCraft, founded in 1968, builds ski, wakeboarding and performance boats in Vonore, Tenn. It was bought by MCBC Hydra Boats, a subsidiary of Wayzata Investment Partners, in 2009.
Industry ‘Right-sizing’ Continues
MasterCraft is the latest builder to report lower quarterly sales, saying today it is “right-sizing” dealer inventory after a slow summer sales season.
MasterCraft names Fred Brightbill CEO
The company’s board also announced that Roch Lambert will become its lead independent director.
MasterCraft releases Q1 results
Weather-related sales dips prompted the company to right-size inventory levels.
FLIBS 2019: Terry McNew to exit MasterCraft
The CEO will pursue an opportunity outside the boating industry.
MasterCraft ends year on high, but pulls back production for its three brands
The company is forecasting a slight decrease for 2020 sales, while making weekly adjustments to dealer inventory pipelines.
NauticStar receives award for export initiatives
NMMA’s Global Star program recognizes manufacturers for global sales efforts.
NauticStar signs up first dealer in Australia
Marine Partners in Rozelle, New South Wales, will carry the U.S. offshore saltwater line.
NauticStar names new sales staff
Chris Jost and Shelly Walker join the team in different capacities.
MasterCraft Q3 sales up 36.9 percent
The company reported softness in small boats of its NauticStar line, but said its MasterCraft brand shows “strong retail momentum.”
NauticStar announces sales incentives
Manufacturer is partnering with banks, insurance companies and SeaTow.
NauticStar names new president
Jay Povlin to head MasterCraft Holdings’ brand as it increases product development.
MarineMax will become dealer for Aviara, MasterCraft’s new day boat brand
NauticStar boats will shift to larger boats up to 39 feet.
MasterCraft Boat Holdings will debut a new brand of large day boats
A 32-foot model will be the first to be unveiled in the new Aviara line.
MasterCraft changes its name
MCBC Holdings does not reflect the “premium, iconic nature” of the brand.
HCB, MasterCraft and Malibu unveil new models
The 65-foot Estrella from HCB Center Console Yachts will debut at the Fort Lauderdale International Boat Show on Oct. 31.
MasterCraft reveals more details following acquisition of Crest Boats
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.
MCBC to launch new boat brand next year
After reporting record sales and earnings for fiscal 2018, the parent of MasterCraft and NauticStar said it plans to launch three new models of the new brand in 2019
NauticStar adds employees to meet increased product demands
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.
MasterCraft has strong second quarter
Net sales at MasterCraft Boat Company’s parent company, MCBC Holdings Inc., rose 53.4 percent to $78.4 million in the second quarter, with gains attributed to the inclusion of NauticStar, which increased net sales by 39.5 percent, or $20.2 million.
MasterCraft reports 1Q results
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.