Tag Archives: Fred Brightbill

MasterCraft Boat Holdings announces financial results

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MasterCraft Boat Holdings announced financial results for its fiscal 2020 fourth quarter and year ended June 30, 2020. Fourth Quarter Highlights: Ended the year with stronger than anticipated retail demand across all brands and dealer inventories 40% to 50% lower vs. end of fiscal 2019.Safely resumed all manufacturing operations, but production and sales heavily impacted by COVID-19 shutdowns.Repaid $25.0 million ...

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MasterCraft purchases Merritt Island plant

Avaiara gets new boat building plant

MasterCraft Boat Company announced it has entered into an agreement to purchase a boat manufacturing plant located in Merritt Island, Florida. MasterCraft intends to establish a dedicated manufacturing center in this facility to support the long-term growth of its recently introduced Aviara brand.   Aviara, a designer, manufacturer and marketer of luxury day boats ranging from 32 to 40-feet in length, ...

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NauticStar names new president

NauticStar Boats names new president

MasterCraft Boat Holdings, Inc. has named Scott Womack as president of NauticStar Boats.  Womack, 51, has served in a variety of leadership positions with large automotive suppliers and brings 27 years of manufacturing and global operations experience. He joins NauticStar from Autoneum Holdings AG (“Autoneum”) where he oversaw five manufacturing sites as VP of U.S. Operations. Prior to joining Autoneum, ...

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MasterCraft reports decreased sales for Q3

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MasterCraft Boat Holdings, Inc. announced financial results for its fiscal 2020 third quarter ended March 29, 2020. “With the onset of the COVID-19 pandemic, all of us have been forced to adapt to new challenges that have impacted our families, our work, and our day-to-day lives," MasterCraft CEO Fred Brightbill said. "I want to thank the MasterCraft team for their ...

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MasterCraft joins others in temporary suspension of manufacturing

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MasterCraft Boat Holdings, Inc. recently provided an update on its business and announced several actions that the company is taking to protect the health and safety of its employees, dealers and communities in light of the COVID-19 pandemic. “COVID-19 is posing unprecedented challenges and uncertainty for MasterCraft, our industry and the entire global economy,” said Fred Brightbill, CEO and Chairman ...

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MasterCraft announces executive promotions

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MasterCraft Boat Holdings, Inc. announced that it has promoted George Steinbarger, the Company’s vice president of strategy and business development, and Dave Ekern, vice president of operations, to the newly created roles of chief revenue officer and chief product officer, respectively. “Since joining MasterCraft, George and Dave have helped propel our success and position the Company for the future,” said ...

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MasterCraft aims to ‘right-size’ dealer inventory

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MasterCraft Boat Holdings, Inc. announced financial results for its fiscal 2020 second quarter ended Dec. 29, 2019. Net Sales for the second quarter were $99.6 million, a decrease of $21.9 million, or 18%, compared to $121.5 million for the prior-year period. The company said the decrease was primarily due to a reduction in unit sales volumes across each of reportable ...

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MasterCraft posts 17.2% sales increase for Q1 FY20

MasterCraft Boat Holdings, Inc. announced financial results for its fiscal 2020 first quarter ended September 29, 2019. First Quarter Highlights: Net sales increased to $109.8 million, up 17.2 percent from $93.6 million in the prior-year period.GAAP net income was $8.6 million, up slightly from $8.5 million in the prior-year period.GAAP diluted earnings per share increased in the first quarter by $0.01, up 2.2 percent to $0.46, from the prior ...

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