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Tag Archives: MasterCraft

Sales up for MasterCraft in Q4, fiscal year 2016

On Thursday, MasterCraft (NASDAQ:MCFT) announced financial results for its fiscal 2016 fourth quarter and full year ended June 30, 2016. Fiscal Q4 highlights: Gross margin rose to 26.3 percent for the fourth quarter, a 300 basis point improvement over the prior-year fourth quarter Fiscal 2016 fourth quarter net income totaled $4.8 million, up from $2.5 million in the prior-year fourth quarter Diluted ...

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MasterCraft schedules fiscal 2016 Q4 earnings conference call

MasterCraft (NASDAQ:MCFT) will host a live webcast of its fiscal 2016 fourth quarter conference call on Thursday, Sept. 8, 2016, at 5:00 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, 2016, and its financial outlook for fiscal 2017. The company will issue a post-market earnings release ...

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MasterCraft’s Zane Schwenk changes role

Zane Schwenk, formerly a regional sales and marketing manager of MasterCraft, has shifted his role at the company to focus on his family business. He has been a professional wakeboarder for the brand since 1995. Starting in 2005, Schwenk also worked as the regional sales and marketing manager for MasterCraft in Florida, Georgia, Alabama, Tennessee, Mississippi, Louisiana, Arkansas, Oklahoma and ...

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MasterCraft unveils 2017 model upgrades

MasterCraft (NASDAQ:MCFT) introduced its 2017 model year boats on Tuesday, offering new technologies, features and customizable options. The company has broadened its product line to cover the spectrum of recreational boating, from affordable models for families and first-time buyers to its towing mainstays. Among the upgrades for 2017 is the new Dockstar Handling System, an innovative flanking rudder system that ...

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MasterCraft introduces XT23 crossover boat

MasterCraft (NASDAQ: MCFT) unveiled the new XT23 on Tuesday, the company’s latest multi-sport model built for the next generation of boaters. Designed to be a do-it-all crossover, the new XT23 will anchor MasterCraft’s new XT line of boats targeting the sweet spot between the company’s entry level NXT line and its premium X series. The XT23’s intuitive digital dashboard interface ...

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MasterCraft introduces Dockstar Handling System

MasterCraft has introduced its new Dockstar Handling System that enables boaters to drive in reverse and more easily navigate tight docks and crowded marinas. MasterCraft’s engineering team addressed two important goals with the Dockstar Handling System: enable drivers to control a boat in both directions in reverse and improve the docking and maneuverability capabilities of an inboard drive MasterCraft. The ...

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Sales, income up for MasterCraft in Q3

MasterCraft on Thursday announced financial results for its fiscal 2016 third quarter, ended March 27, 2016. Highlights: Net sales were $57.0 million, an increase of 11.6 percent versus the year-earlier period excluding the terminated Hydra-Sports manufacturing contract Total third-quarter net sales rose 5.1 percent versus prior-year third quarter net sales of $54.3 million including Hydra-Sports Gross margin rose to 27.8 ...

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MasterCraft to webcast fiscal 2016 third-quarter earnings talk

MasterCraft (NASDAQ:MCFT) will host a live webcast of its fiscal 2016 third-quarter conference call on Thursday, May 5, 2016, 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 third quarter ended March 27 and its financial outlook for fiscal 2016. The company will issue a post-market earnings release prior to ...

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MasterCraft COO Shane Chittum resigns

MasterCraft announced Friday that it has accepted the resignation of Chief Operating Officer Shane Chittum, effective April 1, 2016. Chittum, who joined the company in June 2011, is leaving to pursue another business opportunity. MasterCraft also announced that it has promoted Larry Janosek from director of manufacturing to vice president of operations. Janosek will assume Chittum’s operational duties. The company said ...

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Weekly 5: Miami mayor unveils plan for Miami Marine Stadium

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Monday on BoatingIndustry.com. 1. Miami mayor unveils plan for Miami Marine Stadium If there was one thing that took away from the visual appeal of this year's Miami International Boat Show, it ...

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