MasterCraft

The company said in its Q4 earnings report that organic sales and market-share growth lifted profit for its fiscal year, but the new year may bring a slightly lower result.

Champion wakeboarder Nick Davies will manage business development for the company’s European and Middle Eastern markets.

Net sales for the quarter were up 39 percent to $144 million, as the company also set records for net income and other measurables.

The company delivered a stellar Q4 and its most profitable fiscal year in history.

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.