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Tag Archives: MasterCraft

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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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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