MasterCraft

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 $58 million drop in revenue was less of a loss than expected.

The builder expands its NXT Series with the largest vessel in the model line.

Net sales were down 20 percent, and the company withdrew its 2020 guidance.

MasterCraft is the latest builder to report lower quarterly sales, saying today it is “right-sizing” dealer inventory after a slow summer sales season.

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.