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.
Net sales, gross profit and net income all saw significant jumps in the third quarter, and the builder raised its fiscal-year outlook.
The company expects to increase production throughout 2021 to meet demand.
Reuters reported that the investor is pushing for an acquisition.
The company is forecasting a slight decrease for 2020 sales, while making weekly adjustments to dealer inventory pipelines.
NauticStar boats will shift to larger boats up to 39 feet.
A 32-foot model will be the first to be unveiled in the new Aviara line.
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.