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Tag Archives: MasterCraft

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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MasterCraft closes IPO

MCBC Holdings, Inc. (Nasdaq:MCFT), owner of the MasterCraft brand, today announced the closing of its initial public offering of 6,071,429 shares of common stock at a price to the public of $15.00 per share. The shares began trading on The Nasdaq Global Market on July 17, 2015 under the symbol "MCFT." The underwriters have also delivered notice that they intend ...

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MasterCraft set for $85 million IPO

MasterCraft announced its terms for its pending IPO this week, NASDAQ reported. The Tennessee-based tow boat manufacturer plans to raise $85 million by offering 6.1 million shares at a price range of $13 to $15. At the midpoint of the proposed range, MasterCraft would command a fully diluted market value of $266 million and an enterprise value of $271 million. ...

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MasterCraft responds to Malibu patent suit

In the wake of a patent infringement suit from Malibu Boats, MasterCraft says it "strongly denies" the allegations in the lawsuit. Malibu filed the suit Monday, claiming that MasterCraft’s Gen 2 and NXT surf systems violate Malibu's patent. The full statement: “It is our general policy not to comment in detail on litigation matters. However, MasterCraft strongly denies the allegations ...

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Malibu files patent suit against MasterCraft

Malibu Boats has filed a lawsuit for patent infringement against MasterCraft Boat Company The complaint, filed in the United States District Court for the Eastern District of Tennessee, alleges that MasterCraft's Gen 2 Surf System and NXT Surf System violate Malibu's U.S. Patent No. 8,578,873. According to the complaint: Seeking to regain market share that Malibu has gained and defended ...

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