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Tag Archives: MasterCraft

Everybody’s gone surfin’…

As the Beach Boys predicted in 1963, everybody’s gone surfin’. But not at the beach – today’s surfers are mostly found playing behind boats. With affordable surf boats and high-end tow boats appealing to a wider range of buyers than ever, the watersports category has never been stronger. Brian Wilson and The Beach Boys must be feeling more than a ...

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MasterCraft, NauticStar release fiscal 2018 Q2 results

MCBC Holdings, Inc. (NASDAQ:MCFT), the parent entity of MasterCraft Boat Company, LLC and Nautic Star, LLC announced financial results for its fiscal 2018 second quarter ended Dec. 31, 2017. “Top-line sales grew significantly in the second quarter, driven by double-digit gains on the MasterCraft side and the addition of NauticStar,” said MCBC Holdings, Inc. President and Chief Executive Officer, Terry McNew. “As we further integrate NauticStar, ...

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MasterCraft introduces largest XT crossover boat

MasterCraft Boat Company recently introduced the new XT25, its largest multi-purpose crossover boat. Capping the high end of MasterCraft’s XT crossover boat line. Completing the XT series lineup as its fifth and largest addition, the XT25 welcomes a crew of up to 18, with a traditional bow and new interior layout offering more rear-facing seating than previous models. The XT25’s two ...

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NauticStar’s integration with MasterCraft enters initial phase

Capitalizing on the synergies found in a $79.8 million transaction will be a critical task for MasterCraft as the company begins initial efforts to integrate NauticStar into its already diverse boating product portfolio. NauticStar currently sells its boats in the United States through an established network of approximately 70 dealers. In the calendar year ending in 2016, the company generated ...

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MasterCraft acquires NauticStar, LLC

MasterCraft has acquired NauticStar, LLC, for approximately $79.8 million. The transaction is expected to be accretive to MasterCraft’s earnings per share in fiscal 2018.  MasterCraft’s acquisition of NauticStar was completed as a simultaneous sign and close. In a conference call this morning, Chief Financial Officer Tim Oxley said MasterCraft will use cash on hand and a new, $145-million credit facility ...

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MasterCraft reports net sales gain in 4Q, full-year results

MasterCraft has announced financial results for its fiscal 2017 fourth quarter and full year ended June 30, 2017, reporting gains in net sales and reduced dealer pipeline inventory. Net sales for the fourth quarter increased to $58.3 million, up 9.3 percent from $53.4 million in the prior-year period. Net sales for the fiscal year rose to $228.6 million, up 3.2 ...

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MasterCraft announces 2018 model year refinements to XStar

MasterCraft Boat Company has redesigned its XStar wake boat for the 2018 model year. The latest iteration of the XStar features a wake-specific hull design that can be equipped with 4,100 pounds of ballast and a midship tank that is designed to enhance wake and improves wakesurfing performance. The XStar was built with a new custom rudder design and can ...

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MasterCraft to webcast fiscal 2017 Q4 earnings

MasterCraft will host a live webcast of its fiscal 2017 fourth quarter conference call on Thursday, Sept. 7, at 5 p.m. ET. Terry McNew, president and chief executive officer, and Tim Oxley, chief financial officer, will discuss the company’s results for its fiscal fourth quarter ended June 30, 2017, and its financial outlook for fiscal 2018. The company will issue a post-market earnings release prior to ...

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