Tag Archives: MasterCraft

MasterCraft issues inaugural sustainability report

MasterCraft Boat Holdings, Inc. announced that it has issued its inaugural Sustainability Report. The Company recognizes the importance of social and environmental responsibility and global sustainability, and said it is committed to making the best products in the best way possible. Among the report’s highlights are several milestones achieved: SASB and TCFD reporting: The Company utilizes the Sustainability Accounting Standards Board (SASB) and Task ...

Read More »

MasterCraft reports record Q4, fiscal year results

MasterCraft Boat Holdings, Inc. recently announced record financial results for its fiscal 2022 fourth quarter and year ended June 30, 2022. “We delivered record-setting performances for each quarter, which culminated in record net sales and adjusted earnings for the full year," MasterCraft CEO and chairman Fred Brightbill said. "We grew our net sales by nearly 35 percent and our diluted adjusted ...

Read More »

Mastercraft sells NauticStar to Iconic Marine Group

MasterCraft Boat Holdings, Inc. has announced that its NauticStar business was acquired by a subsidiary of Iconic Marine Group. Iconic Marine Group assumed substantially all liabilities related to the NauticStar business and intends to continue operating the NauticStar business as usual. The transaction, which closed on September 2, 2022, is subject to a customary working capital adjustment. Fred Brightbill, Chief Executive Officer and Chairman of MasterCraft ...

Read More »

MasterCraft appoints Nick Davies business development manager

MasterCraft Boat Company has announced that Nick Davies will be the new business development manager in Europe and the Middle East effective May 1, 2022. Davies is a World Champion wakeboarder, having competed in Europe, Asia, Middle East and throughout the United States. “MasterCraft is thrilled to have a passionate water sports enthusiast with extensive background in the sport to represent the ...

Read More »

MasterCraft reports record Q1 FY22

MasterCraft logo

MasterCraft Boat Holdings, Inc. recently announced financial results for its fiscal 2022 first quarter ended October 3, 2021. Fred Brightbill, Chief Executive Officer and Chairman, commented, “Our business performed extremely well during the first quarter in a very challenging and dynamic environment. These results reflect a continuation of exceptional execution against our strategic and operational priorities as we delivered a ...

Read More »

MasterCraft updates guidance for First Quarter 2022

MasterCraft logo

MasterCraft Boat Holdings, Inc. announced it is revising its guidance for fiscal first quarter 2022 due principally to a temporary delay in the shipment of a key component from a single engine parts supplier for the company’s MasterCraft brand. The timing of delivery of these delayed units will shift into the fiscal second quarter 2022. MasterCraft now expects fiscal first ...

Read More »

MasterCraft reports record Q4, Fiscal 2021 results

MasterCraft logo

MasterCraft Boat Holdings, Inc. recently announced its financial results for its fiscal 2021 fourth quarter and year ended June 30, 2021. Highlights for Q4 include a net sales increase of 204%, while the full year highlights include a net sales increase to $525.8 million, up 45%. “Our businesses executed extremely well against our strategic priorities during fiscal year 2021 in ...

Read More »

MasterCraft set to release fiscal 2021 earnings report September 2

MasterCraft Boat Holdings, Inc. will host a live webcast of its fourth quarter and fiscal 2021 earnings conference call on Thursday, September 2, 2021, at 8:30 a.m. EDT. Fred Brightbill, Chief Executive Officer and Chairman, Tim Oxley, Chief Financial Officer, and George Steinbarger, Chief Revenue Officer, will discuss the company’s financial results. The company will also issue a pre-market earnings ...

Read More »

MasterCraft elects new board member

MasterCraft logo

MasterCraft Boat Holdings, Inc. announced that Jennifer Deason has been elected to its Board of Directors. The appointment will increase the size of the Company’s board to eight members, seven of which are independent. “Jennifer is an accomplished executive and board member with an impressive track record of leading innovative companies across a diverse set of consumer-facing industries,” said Roch Lambert, Lead Independent ...

Read More »

MasterCraft Boat Holdings announces new $50 million share repurchase program

MasterCraft Boat Holdings, Inc. announced its Board of Directors has authorized a new share repurchase program under which the company may repurchase up to $50 million of its outstanding shares of common stock during the three-year period ending June 24, 2024. MasterCraft also announced it has successfully closed on a new $160 million credit facility, consisting of a $60 million term ...

Read More »