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Tag Archives: MasterCraft

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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MasterCraft makes leadership transition following McNew departure

MasterCraft Boat Holdings, Inc., parent entity of MasterCraft, NauticStar and Crest, today announced that its Board of Directors has appointed current Board Chair, Frederick A. Brightbill, as interim chief executive officer, effective immediately. Brightbill’s appointment follows Terry McNew’s decision to step down as president, chief executive officer and a director of the company to pursue an opportunity outside of the boating ...

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MasterCraft announces Q4 FY19 results

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) today announced financial results for its fiscal 2019 fourth quarter and full year ended June 30, 2019. Net Sales for the fourth quarter were $122.8 million, reflecting an increase of $27.4 million, or 28.7%, compared to $95.4 million for the prior-year period. The increase was primarily due to an increase at MasterCraft of $6.0 million, or 8.1%, primarily due to an ...

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SkipperBud’s to represent MasterCraft in Northern Illinois

Illinois-based SkipperBud’s has acquired the assets and inventory of MasterCraft Boats of Chicago, meaning SkipperBud’s will now represent the MasterCraft Boat Company in Northern Illinois. The operations will be split between two locations, Volo and Antioch, Illinois. The primary showroom will be at the Sequoit Harbor location, which will provide an on-water site to best serve the current and future ...

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MasterCraft announces 2020 models and features

Through a combination of new in-house designs and leveraging its exclusive partnerships, MasterCraft Boat Holdings, Inc. recently announced new 2020 model year features for its towboat range. Additionally, the company has revamped two models in its NXT crossover boat line. “We’re endless in our search to give potential owners more reasons to choose MasterCraft,” said Terry McNew, President and CEO ...

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MasterCraft CEO joins new SEC advisory committee

Late last month, the Securities and Exchange Commission (SEC) launched a new Small Business Capital Formation Advisory Committee to ensure that emerging companies have a voice in SEC decision-making. One of the founding members of the Advisory Committee will be Terry McNew, President and CEO of MasterCraft Boat Holdings – an 882-employee boat manufacturer based in Vonore, Tenn. Established pursuant ...

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MasterCraft Boat Holdings names new NauticStar president

MasterCraft Boat Holdings, Inc. announced that it has promoted Jay Povlin, MasterCraft’s Global Vice President of Sales and Marketing, to President of NauticStar, effective immediately. Povlin, 53, joined MasterCraft in 2013 and brings considerable marine executive business leadership experience from both domestic and international markets. His extensive background in sales and marketing, strategic planning and execution, financial management, and communications have ...

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MasterCraft reports Q2 FY 2019 results

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT), designer, manufacturer and marketer of recreational powerboats through its three wholly-owned subsidiaries, MasterCraft Boat Company, LLC, NauticStar, LLC, and Crest Marine LLC, announced financial results for its fiscal 2019 second quarter ended Dec. 30, 2018. Total net sales for the fiscal second quarter were $121.5 million, reflecting an increase of $43.1 million, or 55.0 ...

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MasterCraft expands portfolio with new Aviara brand

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) is expanding into the day boat category with the announcement of its newest brand, Aviara. Following a calculated study of the market and successful collaboration between the company’s executive leadership, engineering, manufacturing and brand building teams, Aviara was uniquely conceived in-house to offer a new luxury recreational day boat experience. Focused on the production of ...

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MCBC Holdings, Inc. announces corporate name change

MCBC Holdings, Inc. (NASDAQ: MCFT), manufacturer of its three wholly-owned subsidiaries, MasterCraft Boat Company, LLC, NauticStar, LLC, and Crest Marine, LLC, announced that, effective immediately, the company has changed its corporate name to MasterCraft Boat Holdings, Inc. The company’s ticker symbol on the NASDAQ Exchange will remain “MCFT” and names of subsidiaries will not be affected. “As we’ve continued to ...

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