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Mastercraft Boat Holdings Inc   (MCFT)
Other Ticker:  
 
    Sector  Capital Goods    Industry Ship & Boat Building
 
Price: $21.7300 $0.89 4.271%
Day's High: $21.76 Week Perf: 2.84 %
Day's Low: $ 20.77 30 Day Perf: -1.54 %
Volume (M): 169 52 Wk High: $ 32.95
Volume (M$): $ 3,670 52 Wk Avg: $24.70
Open: $20.77 52 Wk Low: $19.22



 Market Capitalization (Millions $) 374
 Shares Outstanding (Millions) 17
 Employees 470
 Revenues (TTM) (Millions $) 597
 Net Income (TTM) (Millions $) 73
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) 29

Mastercraft Boat Holdings Inc

We are a world-renowned innovator, designer, manufacturer, and marketer of premium performance sport boats, with a leading market position in the U.S., a strong international presence, and dealers in 40 countries around the world. Our boats are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. We believe that MasterCraft is the most recognized brand name in the performance sport boat category. Founded in 1968, we have cultivated our iconic brand image through a rich history of industry-leading innovation, which has led to numerous industry achievements, awards, and accolades. Our robust product portfolio of performance sport boats is manufactured to the highest specifications in quality, performance, and styling.

We are committed to delivering an extraordinary boating experience to our customers. From pioneering innovations that improve enjoyment on the water to offering products that promote rapid development of skills, our mission is to help our customers generate memories that will last a lifetime. We utilize a comprehensive product development process in order to build the most relevant and exciting products for our customers, year after year. We believe that our commitment to quality is unsurpassed in the performance sport boat category, and we engage in operational excellence to deploy flexible and effective production systems that ensure we design and build the highest quality boats in the market.

Over the past 40 years, we have been a leading and consistent innovator in the boating industry, beginning in 1968 with our first custom hull ski boat. We have been the first to market with numerous innovations, including the first swim platform in 1976, the patented wearguard ski pylon in 1989, a V-drive drivetrain and a dedicated wakeboard-specific boat in 1996, a now popular pickle-fork style bow in 2003, a twin V-drive engine in 2004, wake and surf shaping devices in 2009 and our patented Gen 2 fully integrated surf system in 2013. Each of these pioneering introductions has allowed our customers to more fully enjoy the ultimate water skiing, wakeboarding, wake surfing, and on-the-water recreational experience that our boats provide. Throughout our history, our boats have received numerous industry awards for product innovations, including recent National Marine Manufacturers Association (“NMMA”) Innovation Awards for our ProStar water skiing boat, Gen 2 integrated surf system and X23 performance tow boat. These MasterCraft products won three of the combined six Innovation Awards for the performance sport boat category presented by the NMMA at the 2014 and 2015 Miami Boat Shows.

Our MasterCraft-branded portfolio of Star Series, XSeries, and NXT boats are designed for the highest levels of performance, styling, and enjoyment for both recreational and competitive use. The Star Series and XSeries are geared towards the consumer seeking the most premium and highest performance boating experience that we offer, and generally command a price premium over our competitors’ boats at retail prices ranging from approximately $60,000 to $150,000. Unveiled in January 2014, the all-new MasterCraft NXT line introduces the quality, performance, styling, and innovation of the MasterCraft brand to the entry-level consumer, with retail prices ranging from approximately $50,000 to $75,000. We have strategically designed and priced the MasterCraft NXT line to target the fast-growing entry-level customer group that is distinct from our traditional customer base, while maintaining our core MasterCraft brand attributes at profit margins comparable to our other offerings.

All of our boats, from hull to upholstery, are hand-crafted by our skilled workforce at our corporate headquarters near Knoxville, Tennessee. We use only the highest quality materials from industry-preferred suppliers and all of our boats are extensively tested on the water at our state-of-the-art facility prior to sale. In recent years, we have made significant investments in improving design, engineering, manufacturing, and operational processes as we strive to be the most efficient performance sport boat manufacturer in the industry. We are the only boat manufacturer to achieve compliance with all three of the ISO 9001 (Quality Management Systems), 14001 (Environmental Management Systems), and 18001

(International Occupational Health and Safety Management System) standards. Our industry-leading operations result in world-class quality, which enables us to offer a best-in-class five-year factory warranty and results in MasterCraft boats typically maintaining higher aftermarket resale value than our competitors’ boats.

We sell our boats through an extensive network of independent dealers in North America and internationally. We partner with 90 North American dealers with 129 locations and 45 international dealers with 54 locations throughout the rest of the world. Our boats are the exclusive performance sport boats offered by the majority of our dealers. We devote significant time and resources to find, develop, and improve the performance of our dealers, over 75% of which are in the top three performance sport boat dealers in their respective U.S. markets. We continuously cultivate and strengthen our dealer relationships with marketing, training, and service programs designed to increase our dealers’ sales and profitability. We believe the strength of our dealer network and our proactive efforts to help our dealers improve their businesses give us a distinct competitive advantage in our industry.

 



   Company Address: 100 Cherokee Cove Drive Vonore 37885 TN
   Company Phone Number: 884-2221   Stock Exchange / Ticker: NASDAQ MCFT
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MBUU   -2.89%    
MPX   -1.87%    
BC   -2.73%    
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Management Changes

MasterCraft Boat Holdings Announces Leadership Change amidst Challenging Financial Performance

Published Mon, Mar 4 2024 1:30 PM UTC



MasterCraft Boat Holdings, Inc., a leading manufacturer of recreational boats, recently unveiled its strategic leadership succession plan, appointing Brad Nelson as the new CEO, effective March 18, 2024. This development comes at a critical time for the company as its stock lingers just 14.3% above its 52-week low. While MasterCraft recorded a solid return on avera...

Mastercraft Boat Holdings Inc

Mastercraft Boat Holdings Inc Soars with Surging Income Despite Plummeting Revenue

Mastercraft Boat Holdings Inc Reports Improved Income Despite Declining Revenue
VONORE, Tenn. - Mastercraft Boat Holdings Inc (NASDAQ: MCFT) has reported a significant improvement in income for the first quarter of its fiscal year 2024, despite experiencing declining revenue. The ship and boat building company saw its income improve by 56.52% to $0.36 per share, compared to the same period in the previous year.
The company's revenue, however, dropped by 38.549% to $103.84 million for the August to October 01, 2023, three months year on year. This decline is in line with a 37.806% drop in revenue compared to the preceding reporting season. A year-on-year comparison also reveals a drop in net profits, with a decrease of 71.28% from $24.635 million to $7.076 million.

Mastercraft Boat Holdings Inc

Mastercraft Boat Holdings Inc Thrives Amidst Struggling Market with impressive financial resilience!

Exciting Growth and Promising Margins: Mastercraft Boat Holdings Inc Shines in the Stock Market
Mastercraft Boat Holdings Inc, a renowned ship and boat building company, has recently reported its third-quarter results for 2023, leaving investors with a sense of excitement and a glimmer of hope for the future. The Q3 earnings per share (EPS) increased by an impressive 12.39%, reaching $1.27 per share compared to $1.13 per share in the previous year. Even more encouraging, the EPS has seen a remarkable growth of 14.41% from the preceding reporting season when it stood at $1.11 per share.
While the revenue experienced a slight dip of -10.447%, amounting to $166.60 million compared to $186.03 million in the same reporting season a year prior, it showed signs of recovery by increasing 4.655% from $159.19 million sequentially. Although the decline in revenue may seem concerning at first glance, it should be noted that the company's management has taken crucial steps to improve profit margins.






 

Mastercraft Boat Holdings Inc's Segments
 
 
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