Tag Archives: MasterCraft

MasterCraft reports decreased sales for Q3

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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Surf’s Up

By David Gee Up. That’s about the only direction the towboat segment has known for some time, give or take a few tough months. Bigger boats. Heavier boats. Boats with more ballast. Boats with more features. Higher price tags. And more sales. And 2020 continued that trend. For a short while anyway. Malibu Boats, for example, reported in February that ...

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MasterCraft joins others in temporary suspension of manufacturing

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

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

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 names new CEO

MasterCraft Boat Holdings, Inc., parent entity of MasterCraft, NauticStar and Crest, today announced that its board of directors has named current board chair and interim chief executive officer, Frederick A. Brightbill, as the company’s new permanent CEO, effective immediately. Brightbill assumed the role of Interim CEO following Terry McNew’s resignation in October 2019. Concurrently, Roch Lambert, CEO of Curt Group, an automotive product aftermarket ...

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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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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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