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Tag Archives: MasterCraft

Good results for public boating companies to close out 2015

The final quarter of 2015 proved to be a good one for the publicly traded companies in the industry, with Brunswick, MarineMax, Malibu, Marine Products and MasterCraft all showing growth. Several of the companies reported challenges in Canada and overseas, but that was offset by strong numbers for the U.S. market. Brunswick reports 7 percent sales increase for 2015 Brunswick ...

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MarineMax, MasterCraft plan stock repurchase programs

MarineMax and MasterCraft have both announced plans for stock repurchases. MarineMax, Inc., the nation’s largest recreational boat and yacht retailer, announced Monday that its Board of Directors has approved a new share repurchase plan authorizing the Company to repurchase up to 1.25 million shares of its common stock during the period from Monday through February 28, 2018. The new repurchase ...

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MasterCraft reports 12 percent sales increase for quarter

MasterCraft on Thursday announced financial results for its fiscal 2016 second quarter, ended December 27, 2015. Highlights: Net sales, excluding the terminated Hydra-Sports manufacturing contract, increased 12.2 percent versus the year-earlier period Total second-quarter net sales rose 4.5 percent over the prior-year second quarter to $55.2 million Fully diluted, pro forma, adjusted net income per share increased 57.1 percent to ...

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MasterCraft adds outboard option to NXT line

MasterCraft has extended its entry-level NXT line with the new NXT20 Global Edition, the company’s first outboard towboat in over 20 years. “MasterCraft continues to expand its product line to meet the consumer’s demand for quality construction and reliable performance across all boating categories,” said Terry McNew, president and CEO of MasterCraft. “The introduction of the NXT20 Global Edition opens ...

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MasterCraft wins IndustryWeek Best Plants award

MasterCraft Boats has been named among the 2015 IndustryWeek Best Plants, honoring operational excellence in leading-edge manufacturing facilities across North America. For more than two decades, the IndustryWeek Best Plants award has recognized companies that have successfully implemented strategies to increase competitiveness, enhance customer satisfaction and foster stimulating work environments. The goal is for other companies to then emulate these ...

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MasterCraft to report Q2 results Feb. 4

MasterCraft will host a live webcast of its fiscal 2016 second-quarter conference call on Thursday, Feb. 4, 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 second quarter ended Dec. 27, 2015, and its financial outlook for fiscal 2016. The company will issue a post-market earnings release ...

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MasterCraft sales up 7 percent for quarter

MasterCraft posted a net sales gain of 7 percent and unit growth of 10 percent for the first quarter of fiscal 2016, the company reported Thursday. “We kicked off fiscal 2016 with very strong performance, delivering notable top- and bottom-line increases, and double-digit unit volume growth," said Terry McNew, MasterCraft’s president and CEO. "These gains were driven by continued demand for ...

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MasterCraft named finalist for IndustryWeek Best Plants award

MasterCraft Boat Company has been named a finalist for the IndustryWeek Best Plants awards for the second year running. The IndustryWeek Best Plants awards honor operational excellence in leading-edge manufacturing facilities across North America that have successfully implemented strategies to increase competitiveness, enhance customer satisfaction, and foster stimulating and rewarding work environments. “Over the last few years, MasterCraft has implemented ...

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MasterCraft introduces the X26

VONORE, Tenn. – MasterCraft (NASDAQ:MCFT) today unveiled the new X26, the latest addition to its 2016 boat line. Handcrafted in MasterCraft's U.S.-based manufacturing facility in Vonore, Tenn., the X26 has been built using materials including precision-cut fiberglass, hand-stitched upholstery, improved gelcoat gloss levels and retention as well as jewel-like billet aluminum. The X26's interior offers an adaptable layout that morphs ...

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Ilmor Marine celebrates production of its 10,000th marine V8 engine

MOORESVILLE, N.C. – Ilmor Marine, LLC marked the production of its 10,000th marine V8 engine, a MV8 6.0L, with a celebration at its Mooresville, North Carolina headquarters. Representatives from Ilmor, Penske Corporation, GM Marine, ZF Marine and other key partners and suppliers were present for the starting of the 10,000th engine by Miles Atkins, Mayor of Mooresville. Also present were ...

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